Rapid growth in pharmaceutical and biotechnology industries, growth in the number of new drug launches, strong trend of R&D in life sciences research, increasing government support for pharmaceutical and biotechnology industries, and rising prevalence of chronic diseases are the key factors driving the growth of this market.
The global top 10 bioprocess technology market is segmented on the basis of type and region. On the basis of type, the market is segmented into cell culture, cell expansion, cell counting, flow cytometry, single-use bioprocessing, cell line development, virus filtration, biologics safety testing, pyrogen testing, and tangential flow filtration. In 2016, the cell culture segment is expected to account for the largest share of the global top 10 bioprocess technology market.
On the basis of region, the market is segmented into North America, Europe, Asia, and RoW. In 2016, the North American region is expected to account for the largest share of the global top 10 bioprocess technology market. This growth can be attributed to the increased R&D spending by pharmaceutical and biotechnology companies in this region.
Top 10 bioprocess technology market is dominated by GE Healthcare (U.S.), Merck Millipore (Germany), Thermo Fisher Scientific, Inc. (U.S.), Becton, Dickinson and Company (U.S.), and Danaher Corporation (U.S.)
Other prominent players in the top 10 bioprocess technology market include Thermo Fisher Scientific, Inc. (U.S.), Becton, Dickinson and Company (U.S.), Danaher Corporation (U.S.), Lonza Group AG (Switzerland), Sartorius Stedim Biotech S.A (France), Corning, Inc.(U.S.), Bio-Rad Laboratories (U.S.), and Charles River Laboratories (U.S.).
An analysis of the market developments between 2014 and 2016 revealed that product launches and agreements & collaborations was the most important growth strategy adopted by market leaders.
The other important growth strategy adopted by players in this market was mergers & acquisitions, expansions, and product approvals. This strategy was adopted by market players to enhance their product portfolio and geographic presence. Danaher Corporation (U.S.), Lonza Group AG (Switzerland), Merck Millipore (Germany), and Thermo Fisher Scientific, Inc. (U.S.) are some of the companies that adopted this strategy.
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