Global Biological Buffers Market Size, Share, and COVID-19 Impact Analysis, By Type (Phosphate Type, Acetate Type, TRIS Type, and Others), By Application (Research Institution, Pharmaceutical Industry, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
Industry: HealthcareGlobal Biological Buffers Market Insights Forecasts to 2033
- The Global Biological Buffers Market Size was Valued at USD 741.69 Million in 2023
- The Market Size is Growing at a CAGR of 7.47% from 2023 to 2033
- The Worldwide Biological Buffers Market Size is Expected to Reach USD 1,524.14 Million by 2033
- Asia Pacific is Expected to Grow the fastest during the forecast period.
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The Global Biological Buffers Market Size is Anticipated to Exceed USD 1,524.14 Million by 2033, Growing at a CAGR of 7.47% from 2023 to 2033.
Market Overview
The important structures found in living things that control pH levels, preserve stability, and support cellular processes are known as biological buffers. These buffers reduce pH variations by taking in or releasing hydrogen ions. They are made up of weak acids and their conjugate bases. They ensure that enzymes and other proteins are in the possible conditions and are essential to biological processes. Products such as biological and pharmaceutical buffers, biochemical-grade buffers, and diagnostic-grade buffers are available in the biological buffers market, and they support the industry's expansion and health. The life sciences industry is driven by demand for these buffers due to they are essential for a wide range of laboratory applications, including molecular biology, protein biochemistry, and cell culture. The biological buffers market is growing because of the continuous vaccination drives against diseases like polio and rubella as well as the rising need for blood and blood plasma for transplants.
Report Coverage
This research report categorizes the biological buffers market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the biological buffers market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the biological buffers market.
Global Biological Buffers Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 741.69 Million |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 7.47% |
2033 Value Projection: | USD 1,524.14 Million |
Historical Data for: | 2019-2022 |
No. of Pages: | 250 |
Tables, Charts & Figures: | 110 |
Segments covered: | By Type, By Application, By Region and COVID-19 Impact Analysis |
Companies covered:: | WuXi AppTec, Charles River Laboratories, Merck KGaA, Thermo Fisher Scientific Inc, Avantor, GE Healthcare, Santa Cruz Biotechnology, Inc., Lonza Group Ltd., Bio-Rad Laboratories, Inc, F. Hoffmann-La Roche Ltd., Hamilton Company, Sun Pharmaceutical Industries Ltd, Novartis AG, Aurobindo Pharma, and Others KEY Vendors. |
Pitfalls & Challenges: | COVID-19 Empact, Challenges, Future, Growth, & Analysis |
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Driving Factors
The primary factor driving the biological buffers market is the biopharmaceutical industry's exponential growth. Increasing biological medications are being developed by biopharmaceutical companies, which is driving the demand for expensive buffers that are necessary to maintain ideal pH values during the manufacturing, cleansing, and drug production processes. The main factors driving the market growth are rising research efforts, an increase in the need for blood and plasma, and improvements in technology. There is a growing market for biological buffers due to they are critical to many scientific applications, including chromatography, electrophoresis, and protein purification.
Restraining Factors
Biological buffers' commercial growth is being restricted due to their expensive cost and the availability of alternatives. The cost of producing and acquiring biological buffers could restrict their widespread application in R&D projects. The biological buffers market can be restricted by the availability of less costly chemical alternatives for some biological buffers.
Market Segmentation
The biological buffers market share is classified into type and application.
- The phosphate type segment is estimated to hold the largest market revenue share through the projected period.
Based on the type, the biological buffers market is classified into phosphate type, acetate type, tris type, and others. Among these, the phosphate type segment is estimated to hold the largest market revenue share through the projected period. The phosphate type is due to several variables, including the need for more biochemical research, changing consumer tastes and behaviors, and economic development in emerging market. The need for efficient biological buffers is also being driven by the increased prevalence of chronic diseases and the pressing need to create efficient treatments.
- The research institution segment is anticipated to hold the largest market share through the forecast period.
Based on the application, the biological buffers market is divided into research institutions, the pharmaceutical industry, and others. Among these, the research institution segment is anticipated to hold the largest market share through the forecast period. The demand for biological buffers is being driven by the growing requirement for specialized research instruments to examine complicated biological processes. This is going to drive the growth of the research institution segment in the global biological buffers market.
Regional Segment Analysis of the Biological Buffers Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
Europe is anticipated to hold the largest share of the biological buffers market over the predicted timeframe.
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Europe is anticipated to hold the largest share of the biological buffers market over the predicted timeframe. In the pharmaceutical field, the region has also made large investments that contributed to the creation of cutting-edge biological buffer facilities and technology that provide high-quality buffers. Moreover, through several institutions and bodies that finance biological buffer research, the European Union promotes scientific advancement on a global and regional level. High-quality, standardized biological buffers are in constant demand due to Europe's severe limits on pharmaceutical research and production.
Asia Pacific is expected to grow at the fastest CAGR growth of the biological buffers market during the forecast period. Growing funding for medication development and biosciences research is driving the region's growth. In the Asia Pacific region, additional clarifications for this growth include the expansion of pharmaceutical manufacturing, growing biotechnology investments, and an increased focus on healthcare advancements. China, India, and Japan are three important markets driving this expansion in the region.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the biological buffers market along with a comparative evaluation primarily based on their type offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- WuXi AppTec
- Charles River Laboratories
- Merck KGaA
- Thermo Fisher Scientific Inc
- Avantor
- GE Healthcare
- Santa Cruz Biotechnology, Inc.
- Lonza Group Ltd.
- Bio-Rad Laboratories, Inc
- F. Hoffmann-La Roche Ltd.
- Hamilton Company
- Sun Pharmaceutical Industries Ltd
- Novartis AG
- Aurobindo Pharma
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In February 2023, a new biological safety testing facility was launched by WuXi AppTec in Suzhou, China. Using the most recent technological advancements, this facility can offer clients in the Asia-Pacific area a comprehensive variety of biological safety testing services.
- In January 2023, Charles River Laboratories announced the acquisition of Eurofins Scientific's biological safety testing business. This acquisition will expand Charles River's capabilities in biological safety testing and help the company meet the growing demand for these services.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the biological buffers market based on the below-mentioned segments:
Global Biological Buffers Market, By Type
- Phosphate Type
- Acetate Type
- TRIS Type
- Others
Global Biological Buffers Market, By Application
- Research Institution
- Pharmaceutical Industry
- Others
Global Biological Buffers Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
Frequently Asked Questions (FAQ)
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1. What is the CAGR of the biological buffers market over the forecast period?The biological buffers market is projected to expand at a CAGR of 7.47% during the forecast period.
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2. What is the market size of the biological buffers market?The Global Biological Buffers Market Size is Expected to Grow from USD 741.69 Million in 2023 to USD 1,524.14 Million by 2033, at a CAGR of 7.47% during the forecast period 2023-2033.
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3. Which region holds the largest share of the biological buffers market?Europe is anticipated to hold the largest share of the biological buffers market over the predicted timeframe.
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