Biopharma Buffer
Market is Estimated to Witness High Growth Owing to Advancements in Continuous
Subcutaneous Insulin Infusion Technology
Biopharma buffer solutions are aqueous solutions used
for controlling and maintaining the pH during several biopharmaceutical
processes. Commonly used buffers in the biopharmaceutical industry include
phosphate, acetate, borate, and citrate buffers. The biopharma buffer solutions
find wide applications in cell culture media, chromatographic running
solutions, vaccine formulations, and other biochemical processes performed for
drug manufacturing. The continuous growth of the biopharmaceutical industry and
increasing demand for biologic drugs have propelled the biopharma buffer market.
Advancements in continuous subcutaneous insulin infusion technologies enabling
efficient delivery of insulin for diabetes management have also contributed to
market growth.
The Global Biopharma Buffer Market is
estimated to be valued at US$ 4.24 Bn in 2024 and is expected to exhibit a CAGR
of 11.% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Biopharma Buffer Market are Digital Medics Pty.
Ltd., Emperra GmbH E-Health Technologies, Novo Nordisk, Companion Medical Inc.,
Jiangsu Deflu Medical Device Co. Ltd., Medtronic PLC, Pendiq GmbH, Sanofi,
Berlin Chemie Companion Medical Inc., Bigfoot Biomedical, Digital Medics Pty
ltd, Eli Lilly and company, Ypsomed Holding AG, Diabnext Diamesco Co. Ltd.
Key opportunities in the Biopharma
Buffer Market Insights include increasing investments in R&D of
biologic drugs and growing adoption of continuous subcutaneous insulin infusion
devices.
Advancements in continuous subcutaneous insulin infusion technologies such as
miniature insulin infusion pumps are allowing more efficient delivery of
insulin and better management of diabetes.
Market Drivers
The growing prevalence of chronic diseases such as diabetes and cancer is a key
driver of the biopharma buffer market. Biologic drugs are increasingly being
used for treatment of these diseases, fueling the demand for biopharma buffer
solutions. According to International Diabetes Federation, around 537 million
adults were living with diabetes in 2021 worldwide. Growing geriatric
population also contributes to the rising disease burden. Furthermore,
advancement in insulin delivery technologies and availability of economical
continuous glucose monitoring systems are supporting the uptake of continuous
subcutaneous insulin infusion promoting market growth.
Current Challenges in Biopharma Buffer Market
The Biopharma
Buffer Market Challenges And Opportunities is experiencing few challenges currently due to
changing regulations regarding pharmaceutical production. Stringent regulations
imposed by regulatory authorities to ensure the quality and safety of drugs
have increased compliance requirements for manufacturers. This has added to the
production cost. Moreover, maintaining consistency and stability during storage
and transportation of biopharma buffers is also a key challenge for players due
to varying environmental conditions. Ensuring buffer stability over the entire
supply chain requires sophisticated temperature controlled logistics which adds
to the overall costs.
SWOT Analysis
Strength: High demand for biologics
and monoclonal antibodies is driving increased consumption of biopharma
buffers. Wide range of buffer solutions tailored for various biopharma
applications give players an edge.
Weakness: High capital requirements
for setting up manufacturing facilities of biopharma grade buffers. Storage and
transportation challenges can impact buffer stability.
Opportunity: Emerging markets in
Asia Pacific and Latin America presents new growth avenues. Innovation in
self-heating buffer solutions can address temperature control issues in remote
locations.
Threats: Stringent regulations may
delay new product approvals. Dependency on few suppliers can impact supply
security.
Geographical Regions
North America region currently accounts for the largest share in the biopharma
buffer market in terms of value owing to high demand for monoclonal antibody
based drugs and presence of leading biopharma companies. However, Asia Pacific
region is expected to witness the fastest growth during the forecast period
driven by rising biosimilars market in India and China as well as expanding
biologics pipeline.
Fastest Growing Region
Asia Pacific region is poised to be the fastest growing regional market for
biopharma buffers between 2024-2031. This can be attributed to increasing
contract manufacturing activity in biologics by international players in India
and China. Growing local biosimilar market as well as expanding biologics drug
pipeline of regional pharmaceutical companies will drive the need for quality
biopharma buffers. Various initiatives by governments to promote domestic
pharmaceutical manufacturing will further support the market growth in Asia
Pacific.
Get more insights: Biopharma
Buffer Market
Explore
More Related Article On: Propylene
Market
For More Insights Discover the Report In language that
Resonates with you
About Author:
Money Singh is a seasoned content writer with over
four years of experience in the market research sector. Her expertise spans
various industries, including food and beverages, biotechnology, chemical and
materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
Please complete the following requested information to flag this post and report abuse, or offensive content. Your report will be reviewed within 24 hours. We will take appropriate action as described in Findit terms of use.