Bioprocessing equipment market to be valued at $162.2b by 2035

Thanks to advancements in biopharmaceuticals, precision medicine, and synthetic biology.

The global bioprocessing equipment market is projected to reach $162.2b by 2035 at a compound annual growth rate of 9.2%, according to Meticulous Market Research Pvt. Ltd.

The sector’s expansion is attributed to advancements in biopharmaceuticals, precision medicine, and synthetic biology.

“The market is seeing increasing demand for advanced manufacturing tools used in producing monoclonal antibodies, cell and gene therapies, vaccines, and other innovative biologics,” the report said.

In addition, increasing research and development investments, the growing use of single-use and disposable systems, and the adoption of artificial intelligence and machine learning further drive market growth.

“Additionally, there is a clear shift toward continuous processing methods like perfusion systems,” it added.