April 05, 2017
Wellesley, Mass., Apr 05, 2017 – New proprietary research by BCC Research anticipates that increasing research in the life sciences and newer technological developments should boost the bioseparation global market by $5 billion from 2016-2021.The market should reach nearly $24.0 billion in the end year on a projected 4.7% CAGR.
BCC Research's Separation Systems for Commercial Biotechnology reports that modern industries have begun to explore the advantages of bioseparation systems in their production processes, which have led to a steady market. Research and development spending along with increasing competition and patent expiries are giving a new direction to the market.
"Modern industries have now begun to explore the advantages of bioseparation systems in their production processes, which have led to a steady market," says Kevin Fitzgerald, BCC Research editorial director. "Research and development spending, along with increasing competition and patent expiries are giving a new direction to the market."
Big Opportunities for Market Growth
The market has significant opportunities to expand and broaden due to the new technologies available in the market. The market entails continuous bioprocessing equipment and biomarkers. Traditional separation methods are being continuously modified to keep up with the demands.
"Single–use technologies and disposable techniques have improved over time, as with single-use continuous chromatography," says Fitzgerald. "Its development and improvement provides accuracy and precise data analysis, good functionality, reliability and cost efficiency. BCC Research predicts rising demand for bioseparation systems like chromatography, flow cytometer, and membrane filtration. Also, the demand for high quality reagents is expected to increase in respect to development of new drugs and different clinical tests. The market is moving, for sure."
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Separation Systems for Commercial Biotechnology( BIO011G )
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