Meticulous Research®, a prominent player in global market research, recently unveiled its comprehensive report titled “Digital Biomanufacturing Market Size, Share, Forecast, & Trends Analysis by Offering (Software, [PAT, MES, Digital Twin], Hardware) Functionality (Product Design, Analytics, Automation), Application (MAB, Protein, Vaccine), and Bioprocess – Global Forecast to 2031.” The report sheds light on significant growth projections for the digital biomanufacturing market, anticipated to reach $50.89 billion by 2031, with a robust CAGR of 13.3% from 2024 to 2031. Key drivers for this market expansion include rising demand for biologics, strategic biopharmaceutical plant expansions, the imperative for optimized processes, a commitment to quality standards, regulatory adherence, an expanding R&D pipeline, and growing interest in continuous bioprocessing. Yet, high technological costs and the complexities of biopharmaceutical manufacturing present barriers to this market’s progression.
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Further boosting market potential, advancements like Industry 4.0, sophisticated data analysis tools, and the adoption of bioprocessing 4.0 are expected to offer substantial opportunities. However, challenges persist, particularly in deploying process analytical technology (PAT) for downstream applications and managing the high capital demands associated with biopharmaceutical production.
