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- Azenta, Inc. has appointed Board member Dr. Martin Madaus as interim President and CEO following the resignation of John Marotta as executive officer and director. - The Board has retained Heidrick & Struggles to lead a search for a permanent CEO while reaffirming fourth quarter fiscal 2026 total revenue guidance. - Fourth quarter fiscal 2026 adjusted EBITDA will be impacted by a one-time consulting expense of approximately $3 million, excluding which the Company would reaffirm adjusted EBITDA. - Dr. Madaus brings more than 30 years of diagnostics and life science tools leadership experience, including prior CEO roles at Millipore, Ortho-Clinical Diagnostics, and Roche Diagnostics North America.
- The global bioprocessing equipment market was valued at $48.1 billion in 2025 and is projected to reach $152.2 billion by 2035, expanding at a CAGR of 12.3%, according to Global Market Insights Inc. - Rising demand for biologics and biosimilars, rapid expansion of cell and gene therapy manufacturing, and growing adoption of single-use bioprocessing systems are key growth drivers. - North America held the largest market share at 38% in 2025, while Asia Pacific is projected to be the fastest-growing region with a CAGR of approximately 13.7%. - Danaher led the competitive landscape with over 29% market share in 2025, with the top five players collectively holding approximately 70% of the market.
- The global preparative and process chromatography market is projected to grow from $13.74 billion in 2025 to $29.53 billion by 2035, at a CAGR of 8.20%. - North America held the largest market share at approximately 34.55% in 2025, with the U.S. market alone expected to reach $7.28 billion by 2035. - The biopharmaceutical industry remains the dominant end-user segment, accounting for 43.56% of revenue, driven by monoclonal antibody and recombinant protein production. - Continuous chromatography, single-use technologies, and AI-enabled process optimization are emerging as key trends accelerating market adoption globally.
