Bioengineering technology is the application of engineering principles and techniques to biological systems and living organisms for the development of innovative products, processes and solutions in healthcare, agriculture and industry. It integrates disciplines such as biotechnology, materials science, electronics and computational modeling to address challenges in medicine, genetics, environmental sustainability and bio-manufacturing. The primary purpose of bioengineering technology is to improve human health, enhance quality of life and promote sustainability.
The global bioengineering technology market reached a value of nearly $320,380.84 million in 2024, having grown at a compound annual growth rate (CAGR) of 13.45% since 2019. The market is expected to grow from $320,380.84 million in 2024 to $565,164.47 million in 2029 at a rate of 12.02%. The market is then expected to grow at a CAGR of 10.26% from 2029 and reach $920,838.80 million in 2034.
Increasing Focus On Cell Therapies
Increasing focus on cell therapies propelled the growth of the bioengineering technology market during the historic period. The rising focus on cell therapies has fueled the bioengineering technology market as these therapies demand advanced tools for cell culture, genetic engineering and bioprocessing. Growing investments in regenerative medicine and personalized treatments are further driving innovation and adoption of bioengineering solutions. For instance, in April 2024, according to the American Society of Gene & Cell Therapy, a US-based organization for gene and cell therapy, in quarter four (Q4), the number of gene therapies in Phase III clinical trials increased by 10%, marking the first quarterly growth of this kind since quarter three (Q3) 2022. Therefore, increasing focus on cell therapies propelled the growth of the bioengineering technology market.
Automated Tissue Dissociation System Enhances Cell Therapy And Research Efficiency
Major companies in the bioengineering technology market are developing high viability and cell yield to improve the efficiency of cell-based therapies and biomanufacturing. These innovations aim to lower production costs, enhance scalability and accelerate the development of advanced therapeutics. For instance, in June 2025, STEMCELL Technologies, a Canada-based biotechnology company, launches the STEMprep Tissue Dissociator System, a benchtop instrument that automates and standardizes tissue dissociation, converting solid tissues into high-quality single-cell suspensions. Designed to save time and improve consistency, STEMprep preserves cell integrity and functionality, supporting accurate isolation and analysis. Researchers can utilize validated protocols or customize workflows across diverse tissue types, enhancing efficiency, reproducibility and data reliability, ultimately accelerating research in fields such as cancer and immunology.
The global bioengineering technology market is fragmented, with large number of small players operating in the market. The top 10 competitors in the market made up 11.55% of the total market in 2024.
Bioengineering Technology Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global bioengineering technology market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for bioengineering technology? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The bioengineering technology market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider bioengineering technology market; and compares it with other markets.
The report covers the following chapters
- Introduction And Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product, by technology and by application.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis And Strategic Analysis Framework- Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Regional And Country Analysis- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by product, by technology and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size And Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers And Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments- Information on recent developments in the market covered in the report.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for bioengineering technology providers in terms of product/service offerings geographic expansion, marketing strategies and target groups
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Product: Biomedical Engineering; Genetic Engineering; Tissue Engineering; Biomaterial; Biomechanical Engineering; Nano-Biotechnology; Other Products
- 2) By Technology: Nanobiotechnology; Tissue Engineering And Regeneration; DNA Sequencing; Cell-Based Assays; Fermentation; Chromatography; PCR Technology; Other Technologies
- 3) By Application: Health; Food And Agriculture; Natural Resources And Environment; Industrial Processing; Bioinformatics; Other Applications
- Companies Mentioned: Thermo Fisher Scientific; Roche Holding AG; Pfizer Inc.; Illumina, Inc; Agilent Technologies
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; bioengineering technology indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.