PUBLISHER: The Business Research Company | PRODUCT CODE: 1436198
PUBLISHER: The Business Research Company | PRODUCT CODE: 1436198
Digital biomanufacturing leverages digital technologies to enhance efficiency and innovation in biomanufacturing processes.
Digital biomanufacturing encompasses various types of technologies aimed at improving manufacturing quality, productivity, and practices in the production of biological products. These technologies, including AI, IoMT solutions, process analytical tools, data analytics software, and digital twin technologies, are utilized to optimize bioprocesses, automate manufacturing, and enhance control. Biopharmaceutical companies, academic institutions, and research institutes leverage these advancements to produce antibodies, cell and gene therapies, proteins, vaccines, and other biologics with improved efficiency, product quality, and scalability.
The digital biomanufacturing market research report is one of a series of new reports from The Business Research Company that provides digital biomanufacturing market statistics, including digital biomanufacturing industry global market size, regional shares, competitors with a digital biomanufacturing market share, detailed digital biomanufacturing market segments, market trends and opportunities, and any further data you may need to thrive in the digital biomanufacturing industry. This digital biomanufacturing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The digital biomanufacturing market size has grown rapidly in recent years. It will grow from $18.87 billion in 2023 to $21.57 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The growth observed in the historical period can be attributed to several factors, including the increasing complexity of biopharmaceuticals, the rise in personalized medicine, the demand for cost-effective production methods, the optimization of bioprocesses, and the emphasis on quality control and regulatory compliance within the biopharmaceutical industry.
The digital biomanufacturing market size is expected to see rapid growth in the next few years. It will grow to $35.01 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%. The anticipated growth in the forecast period is expected to be fueled by the integration of blockchain technology to enhance supply chain transparency, the implementation of advanced process control (APC) systems, a heightened emphasis on sustainability practices, the development of interconnected biomanufacturing ecosystems, and the expansion of biomanufacturing in emerging markets.
The escalating demand for biologics is expected to propel growth within the digital biomanufacturing market. Biologics encompass a broad range of pharmaceuticals, including vaccines, growth factors, monoclonal antibodies, and products derived from human blood/plasma. Digital biomanufacturing optimizes production processes, quality control, and cost efficiencies, meeting the rising demand for biologics sustainably. Notably, according to the US Food and Drug Administration in January 2021, there were 37 innovative pharmaceutical authorizations in 2022, including new molecular entities and therapeutic biological products, emphasizing the growing demand for biologics and the need for advanced manufacturing methods.
The thriving pharmaceutical industry is expected to fuel growth within the digital biomanufacturing market. Amid the dominance of North America in global pharmaceutical sales at 52.3% and Europe at 22.4% in June 2023, the United States witnessed a majority of new medicine sales compared to Europe's top five markets. This trend toward increased efficiency and productivity in pharmaceutical manufacturing propels the digital biomanufacturing sector.
Technological advancements act as trend in digital biomanufacturing. In October 2022, PharmNXT Biotech LLP, an India-based biotech startup, has launched its first integrated manufacturing unit in Pune to provide single-use bioprocessing solutions. The state-of-the-art facility has been launched to address the challenges of biologics manufacturing in the country. The new facility will generate employment opportunities for over 100 to 200 people and will cater to the demands from global markets such as Singapore, Korea, Europe & the US. The ekuse manufacturing facility will be engaged in crafting the Xelta range of single-use bioprocessing products and 'NXTmix' a levitating mixing technology.
Prominent companies operating in the market are undergoing into strategic collaborations to sustain their position in the market. Strategic collaborations promote collaboration, innovation, and efficiency in the digital biomanufacturing market, fostering an environment conducive to growth and technological advancement. In January 2022, Scitara DLX partnered with BioPhorum to drive scientific advancements in the digital biomanufacturing market. This collaboration aims to accelerate innovation, facilitate knowledge exchange, and offer standardized cloud-based platforms for enhanced communication and data exchange.
In November 2021, Yokogawa Electric Corporation, a Japan-based electrical engineering and software company, acquired Insilico Biotechnology AG for an undisclosed amount. Both companies accelerated digital transformation in the bioprocessing industry by leveraging their engineering technology and developing their business with a view to the commercialization of bioprocesses. Insilico Biotechnology AG is a Germany-based enterprise software solution for predictive biomanufacturing using Digital Twins
Major companies operating in the digital biomanufacturing market report are Sanofi SA, Thermo Fisher Scientific Inc., Honeywell International Inc., 3M Company, SAP SE, Danaher Corporation, ABB AG, Siemens Healthineers AG, Emerson Electric Co, GE HealthCare Technologies Inc., Atos SE, Agilent Technologies Inc., Cytiva Europe GmbH, Lonza Group AG, Dassault Systemes SE, Sartorius AG, BioMerieux, Donaldson Company Inc., Pall Corporation, Eppendorf AG, Xenon Pharmaceuticals Inc., Symphony Innovation LLC, Koch Membrane Systems Inc., Culture Biosciences Inc., Bota Biosciences Inc., Xenex Laboratories Inc., Shimadzu Corporation, e-MSion, Exponential Genomics Inc., immersciobio GmbH
North America was the largest region in the digital biomanufacturing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global digital biomanufacturing market during the forecast period. The regions covered in the digital biomanufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the digital biomanufacturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The digital biomanufacturing market consists of revenues earned by entities by providing various technologies that support the manufacturing of biologics such as big data, cloud computing, lean product and process development, sensor technologies, process control, and enterprise control. The market value includes the value of related goods sold by the service provider or included within the service offering. The digital biomanufacturing market also includes sales of sensors, analyzers, and actuators and process control systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Digital Biomanufacturing Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on digital biomanufacturing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for digital biomanufacturing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The digital biomanufacturing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.