BIOPROCESS ANALYZER MARKET ANALYSIS
Global Bioprocess Analyzers Market Regional Analysis
North America is expected to account for largest market share in global bioprocess analyzer market due to growing research and development in pharmaceutical companies. For instance, in 2018, research and development expenditure of Pharmaceutical Research and Manufacturers of America (PhRMA) members was valued at US$ 79.6 billion.
Growing presence of the key players in this region is another factor that is expected to drive global bioprocess analyzer market. For instance, Nova Biomedical Corporation, based in US, develops, manufactures as well as sells blood testing analyzers, is a leading key player in the global bioprocess analyzer market.
Europe is expected to hold second highest market share in global bioprocess analyzer market over the forecast period due to increasing involvement of companies in research activities. For instance, in 2018, Randox Laboratories had received Industrial Strategy Challenge Fund (ISCF), £700,000, from UK research and innovation. Randox Laboratories had invested fund money in research and development to develop innovative freeze drying technology.
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