June 18, 2024
Biopharma Buffer Market

The Global Biopharma Buffer Market Is Driven By Rising Demand In Biopharmaceutical Industry

Biopharma buffer solutions play a vital role in maintaining optimal pH levels for biological drug formulations during various stages of drug development, storage and transportation. Biopharma buffers help control pH levels by resisting minor fluctuations caused by addition of acids or bases. Common biopharma buffers frequently used include phosphate buffered saline (PBS), tris buffered saline (TBS), histidine and citrate buffers. These customized buffer solutions are tailored to meet the specific pH requirements of individual drug molecules and are tested to confirm their stability and efficacy.

The global biopharma buffer market has witnessed strong growth over the past decade due to rapid expansion of the biopharmaceutical industry. Various biologics including monoclonal antibodies, recombinant proteins, gene and cell therapies require precision buffer solutions capable of preserving drug structure and functionality over extended time periods. Biopharma buffers enable stable drug formulations essential for their commercial manufacture, clinical trials and final patient administration. Their application helps overcome challenges associated with physical and chemical instability of biomolecules. The precise pH maintenance offered by biopharma buffers is crucial as even minor pH deviations can adversely impact drug potency, purity and safety.

The global Biopharma Buffer Market is estimated to be valued at US$ 3.68 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends shaping growth of the biopharma buffer market is the rising demand for single-use flexible disposable solutions. Traditionally, bioreactor systems relied on rigid stainless steel containers for buffer preparation and storage. However, biomanufacturers are now preferring single-use disposable systems made from materials like plastic. They offer advantages such as lower costs, easy scale-up and reduced risk of cross-contamination. Single-use technology allows for modular, scalable and portable bioreactor configurations well-suited to meet capacity requirements of continuous bioproduction lines. Their adoption helps streamline commercial drug manufacturing while ensuring product quality and minimizing cleaning validations efforts and costs for biopharma companies.

Porter’s Analysis

Threat of new entrants: The biopharma buffer market requires high R&D investments and regulatory compliances which make it difficult for new players to enter.

Bargaining power of buyers: Buyers have moderate bargaining power due to availability of alternatives and price sensitivity.

Bargaining power of suppliers: A few global suppliers control the market which gives them higher bargaining power.

Threat of new substitutes: Substitutes offer comparable functionalities at lower costs, posing moderate threat.

Competitive rivalry: The market is highly competitive due to presence of large players.

Key Takeaways

The Global Biopharma Buffer Market Growth is expected to witness high. The global Biopharma Buffer Market is estimated to be valued at US$ 3.68 Bn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030.

North America dominates the market currently due to presence of major players and availability of funding for R&D. The Asia Pacific region is expected to show fastest growth over the forecast period supported by increasing investment in healthcare infrastructure and biopharma industry.

Key players operating in the Biopharma Buffer Market are Avantor, Alfa Aesar (Thermo Fisher), Merck, Lonza, Bio-Rad, BD, GE Healthcare, Promega Corporation, Hamilton Company, XZL BIO-TECHNOLOGY, SRL.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it