The market is expected to grow at a CAGR of 13.12% during

New York, June 23, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Digital Biomanufacturing Market – A Global and Regional Analysis: Analysis and Forecast, 2022-2031” – https://www.reportlinker. com/p06288331/?utm_source=GNW

• By type of technology: process analytics technologies, data analytics software, AI and IoMT solutions, predictive analytics and digital twin technologies and others
• By end user: biopharmaceutical companies and academic and research institutes
• By Application – Bioprocess Optimization and Process Analysis, Biomanufacturing Process Automation and Control, and Flexible Manufacturing
• By region: North America, Europe, Asia-Pacific and rest of the world

Regional segmentation

• North America – United States and Canada
• Europe: Germany, United Kingdom, Spain, Italy, France and rest of Europe
• Asia-Pacific: Japan, China, South Korea, India, Australia and New Zealand, and rest of Asia-Pacific
• Rest of the world – Latin America and Middle East and Africa

Market Growth Factors

• Increasing automation process in various industries
• Increased focus on process efficiency and flexibility in manufacturing
• Shift to digitalization and biomanufacturing in healthcare

Market challenges

• Lack of technology adoption and awareness leading to low return on investment
• Lack of data security in bioproduction parameters

Market opportunities

• Increase in demand for organic products

Profiled Key Companies

Atos SE, Agilent Technologies Inc., Danaher Corporation, Donaldson Company, Inc., Emerson Electric Co., General Electric Company, Honeywell International Inc., SAP SE, Siemens Healthineers AG, Bota Biosciences, Culture Biosciences, e-matica srl, Exponential Genomics, Inc., FabricNano, OVO Biomanufacturing, Symphony Innovation, LLC

How this report can add value

Assuming the reader is a developer of digital biofabrication technologies, they will be able to do the following:
• Understand their position relative to some of the key players in the market
• Stay up to date with the integration of new technologies, features and the latest market developments
• Understand the impact of COVID-19 on the adoption of digital biomanufacturing technologies and the resulting barriers to entry
• Get information on regions to target in the world
• Obtain insights into end-user perception regarding the adoption of digital biomanufacturing technologies
• Identify some of the key market players and understand their valuable contribution

Key Questions Answered in the Global Digital Biomanufacturing Market Report

• What impact has COVID-19 had on the growth of the global digital biomanufacturing market?
• What are the major regulations governing the digital biomanufacturing market in key regions?
• Which technological developments are expected to have the greatest influence on the global digital biomanufacturing market?
• Which are the key players holding significant dominance in the global digital biomanufacturing market?
• What are the growth opportunities that market players can capitalize on?
• What are the drivers and restraints of the global digital biomanufacturing market?
• Which region has the highest growth rate in the digital biomanufacturing market?
• Which are the fastest growing countries in terms of global digital biomanufacturing market?
• What are the key strategies adopted by market players in the global digital biomanufacturing market?
• What are the emerging technologies in the global digital biomanufacturing market?

Industry Overview of the Digital Biomanufacturing Market

The global digital biomanufacturing market is a huge market comprised of various software and platforms that include process analytics technologies, data analytics software, AI and IoMT solutions, predictive analytics, and digital twin, etc. If application is involved, we have bioprocess optimization and process analysis, biomanufacturing process automation and control, and flexible manufacturing.

Global Digital Biomanufacturing Market report highlights that the market was valued at USD 15,768.9 Million in 2021 and is projected to reach USD 55,564.9 Million by the end of 2031. The market is expected to grow at a CAGR of 13.12% over the forecast period from 2022 to 2031. .

Global Digital Biomanufacturing Market Drivers

Smart factories have the potential to improve sustainability by enabling real-time production monitoring, with automated control systems reducing the number of failed batches and maintenance costs. Thus, the ability of biomanufacturing companies to autonomously and appropriately control bioprocesses in their optimal state is critical. , as it helps reduce or maintain production costs and increase yields while maintaining consistency in product quality.

This will help energize the market.

In today’s biomanufacturing companies, digitalization in the form of big data and digital twin inspired applications is a hot topic. As a result, many companies allocate personnel and equipment to these applications.

In order to assess the existing situation and projected future difficulties in integrating digitalization principles into biotech production processes, a targeted survey was carried out among individuals from the Danish biotech industry.

Global Digital Biomanufacturing Market Challenges

Factors restraining the market growth of digital biomanufacturing market include lack of technology adoption and awareness leading to low return on investment. ROI calculations allow a company to establish and use project evaluation metrics that can be used consistently across a portfolio and go beyond simple business cases.

Multiple stakeholders, including industry, governments, and healthcare providers, need to pay attention to cybersecurity in order to deliver safe and effective biopharmaceuticals. A cybersecurity breach could have a direct impact on patients, ranging from compromised data privacy to production disruptions jeopardizing the global response to the pandemic.

In today’s economy, where advanced manufacturing technologies and digital strategies are becoming the norm, maintaining cybersecurity is a top concern.

Global Digital Biomanufacturing Market Opportunities

The growth opportunity of the global digital biomanufacturing market lies in the opportunity of increased demand for biologics. It is desirable to develop an alternative manufacturing technique that relies less on human labor and the transition steps between unit activities require a smaller plant footprint and is more open to scalability, automation and adaptation. through various drug modalities.

Impact of COVID-19 on the Global Digital Biomanufacturing Market

The COVID-19 pandemic had propelled the global digital biomanufacturing market. The pandemic impact of the global digital biomanufacturing market had a positive impact on the market.

One of the major impacts of COVID-19 on global digital biomanufacturing has been to understand the importance of automation and innovation of new technologies.

Market segmentation

Global Digital Biomanufacturing Market (by Technology)

The global digital biomanufacturing market has been segmented on the basis of technology type into eight different segments, namely process analytics technologies, data analytics software, AI and IoMT solutions, l predictive analytics and digital twin technologies, and others.

Global Digital Biomanufacturing Market (by End User)

The global digital biomanufacturing market has been segmented on the basis of end users into two major segments, namely biopharmaceutical companies and academic and research institutions.

biopharmaceutical companies account for the major share of the global digital biomanufacturing market.

Global Digital Biomanufacturing Market (by Application)

The global digital biomanufacturing market has been segmented on the basis of product type into two major segments, namely bioprocess optimization and process analytics, biomanufacturing process automation and control, and flexible manufacturing.

Global Digital Biomanufacturing Market (by Region)

The various regions covered in the global digital biomanufacturing market include North America, Europe, Asia-Pacific, and Rest of the World.

North America and Europe are two of the largest markets in the digital biomanufacturing market, while developing countries are expected to witness strong growth in adoption shortly.

Key Market Players and Competition Summary

Some of the key players operating in the market include Atos SE, Agilent Technologies Inc., Danaher Corporation, Donaldson Company, Inc., Emerson Electric Co., General Electric Company, Honeywell International Inc., SAP SE, Siemens Healthineers AG, Bota Biosciences, Culture Biosciences, e-matica srl, Exponential Genomics, Inc., FabricNano, OVO Biomanufacturing and Symphony Innovation, LLC

Over the past few years, the global digital biomanufacturing market has witnessed several strategic and technological developments undertaken by the various market players to attain their respective market shares in this emerging field. Some of the strategies covered in this segment are business financing, mergers and acquisitions. (M&A), partnerships, alliances, business expansions, regulatory and legal activities and new offerings.

The preferred strategy for companies has been new product offerings followed by partnerships, alliances and business expansions.

Countries covered
• North America
• WE
• Canada
• Europe
• Germany
• Italy
• France
• UK
• Spain
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia and New Zealand
• South Korea
• Rest of Asia-Pacific
• Rest of the world
• Latin America
• Middle East Africa
Read the full report: https://www.reportlinker.com/p06288331/?utm_source=GNW

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