The global bioprocess validation market size was valued at USD 993.22 million in 2032, according to a new study by Polaris Market Research. The report “Bioprocess Validation Market Size, Share & Trends Analysis Report, By Testing Type (Extractables & Leachables Testing, Bioprocess Residuals Testing), By Stage, By Mode, By Region and Segment Forecasts, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
A rise in the demand for outsourcing bioprocess validation, an increase in biologics-focused life science research, and a spike in investments by pharmaceutical and biotechnology firms are the major factors driving the market of bioprocess validation. In addition, there is an increase in government measures that support the development of the pharmaceutical and biotechnology sectors in several nations, as well as in the number of CROs and Contract Development & Manufacturing Organizations.
The market is expanding due to significant technical developments in biomanufacturing infrastructure and continuous bioprocess validation of bioreactors to enable the affordable and scalable manufacture of pharmaceuticals. In addition, the market is expected to grow thanks to the developing trend of outsourcing laboratory testing services, the rising demand for individualized medications, and ongoing research and development (R&D) operations to guarantee the highest possible quality of pharmaceuticals.
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Precision medicine and biosimilars have been developed in response to the rise of COVID-19 infections worldwide, which has boosted the demand for outsourcing services and the bioprocess validation process. Key competitors in the market have also started to implement and improve the validation procedure for the bioprocess of developing biologics and drugs. For instance, SGS invested in the Biosafety Centre of Excellence in Glasgow in November 2020 and has increased its vaccine manufacturing, medicinal, and R&D portfolio.
Bioprocess Validation Market Report Highlights
Polaris Market Research has segmented the bioprocess validation market report based on testing type, stage, mode, and region:
Bioprocess Validation Market, Testing Type Outlook (Revenue - USD Million, 2019 - 2032)
Bioprocess Validation Market, Stage Outlook (Revenue - USD Million, 2019 - 2032)
Bioprocess Validation Market, Mode Outlook (Revenue - USD Million, 2019 - 2032)
Bioprocess Validation Market, Region Outlook (Revenue - USD Million, 2019 - 2032)