The benefits of Raman spectroscopy as data processing in real-time has made significant contribution as a diagnostic and control tool for pharmaceutical production and bioprocessing, with scientific and financial benefits demonstrated throughout the product life cycle. This has led to the growth of real-time bioprocess Raman analyzers market. Future Market Insights (FMI) in a new study has forecast real-time bioprocess raman analyzers market to expected to exhibit a CAGR of 14.6% during the forecast period (2020-2030).
Leading market players are focusing on mergers and acquisitions with biopharmaceutical industries and contract manufacturing organizations (CMO). This would help them expand their global footprint. Among end-use segments, contract manufacturing organizations are leading the market, which is then followed by biopharmaceutical companies. Contract manufacturing organizations are anticipated to grow at a CAGR of around 15.9% over the forecast period.
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Increasing biopharmaceutical production and reduced cost benefits are expected to fuel Real-time bioprocess Raman Analyzers market growth in the coming decade. The digital transformation for data processing in real-time rising investments into R&D and initiative by regulatory bodies to improvise the development and approval process of biopharmaceutical products and fast track the process is has led to the real-time bioprocess Raman Analyzers market growth.
However, there are few challenges in the real-time bioprocess raman analyzers market like the availability of a skilled workforce which is acting as a restraint in the growth of the market. Lack of information about the product leading to lesser adoption of the Real-time bioprocess Raman Analyzers is acting as a restraint for the market growth.
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Key Takeaways from Real-time bioprocess Raman Analyzers Market Study
The global Real-time bioprocess Raman Analyzers market is estimated to surpass US$ 8.7 Mn by 2021
The U,S, will emerge as dominant market in North America, accounting for over 95% of the overall sales
The U.K. will exhibit growth at a positive pace. According to FMI, it is expected to register nearly 20% Y-o-Y growth in 2021
Both Germany and France are expected to emerge as attractive markets for realtime bioprocess raman analyzer in Europe
Within East Asia, China will account for higher share of proceeds gained by the market
Competitive Landscape
Leading market players are focusing on expanding their product portfolio and global expansion along with undertaking mergers and acquisitions to gain competitive edge. For instance, in July 2020, Merck KGaA acquired Resolution Spectra Systems and also launched Bio4C ™ Software Suite which will allow the integration of enhanced process and digital technologies to advance process speed, quality and flexibility, while reducing costs.
Some of the leading companies operating in the market are:
- Kaiser Optical Systems (Endress+Hauser)
- Resolution Spectra Systems Inc. (Merck KGaA)
- Tornado Spectral Systems
- Sartorius AG
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Key Companies Profiled
- Kaiser Optical Systems (Endress+Hauser)
- Resolution Spectra Systems Inc. (Merck KGaA)
- Tornado Spectral Systems
- Sartorius AG
Real-time bioprocess Raman Analyzers Market by Category
Component Type
- Instruments
- Raman Analyzers
- Raman Probes
- Software
Application
- Lab to Process Analysis
- Bioprocess Analysis
End User
- Biopharmaceutical Companies
- Contract Manufacturing Organizations
- Research Organizations
Region
- North America
- Europe
- Asia Pacific
- Rest of World
About FMI:
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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