Global Bioreactors Market is Thriving with Rising Latest Trends by 2027 | Top Players- Thermo Fisher Scientific Inc., PBS Biotech, Inc, General Electric, Merck KGaA., Cellexus., Pall Corporation
Bioreactors market is set to witness a healthy CAGR of 10.35% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising demand for single-use bioreactor and technological advancement in the healthcare industry are the factor for market growth. Few of the major competitors currently working in the global bioreactors market are Thermo Fisher Scientific Inc., PBS Biotech, Inc, General Electric, Merck KGaA., Cellexus., Pall Corporation., Sartorius AG, Applikon Biotechnology, GEA Group Aktiengesellschaft., Intran Technologies., bbi-biotech GmbH, www.blbio.com., CerCell ApS., Eppendorf AG, Solaris Biotechnology Srl., Pierre Guérin., CESCO BIOENGINEERING CO., LTD., Hipurity Systems Limited., Finesse, among others.
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Global bioreactors market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of bioreactors market for Global, Europe, North America, Asia-Pacific, South America and Middle East and Africa.
Market Definition:Global Bioreactors Market
Bioreactor is described as a vessel that performs a biological response and is used for the cultivation of aerobic cells for cell or enzyme immobilization. They are device in which living organisms and bacteria in particular synthesize or break down damaging substances. They are usually made of material such as stainless steel, single use and glass. They are mainly used to enhance the biochemical process which such as fermentation and antibiotic drug production.
- Rising demand from pharmaceutical industry will drive the market growth
- Increasing prevalence of conditions such as cancer and diabetes also acts as a market driver
- Growing demand for therapeutically effective vaccines is another factor boosting this market growth
- Increasing RandD investment will also enhance the growth of this market
- Low capacity of single use bioreactors will restrict the market growth
- Rising concern associated with the extractable will also impede the market growth
- Increasing rules and regulation associated with the use of single use bioreactors will restrict the growth of this market in the forecast period
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Segmentation: Global Bioreactors Market
- Lab-Scale Production
- Pilot-Scale Production
- Full-Scale Production
- Above 1500L
- Stainless Steel
- Single Use
By Control Type
- System Integrators
- RandD Departments
- RandD Institutes
- Biopharmaceutical Companies
- Biopharmaceutical Manufacturer
Key Developments in the Market:
- In September 2019, ABEC announced the launch of their new single use bioreactor Custom Single Run (CSR) bioreactors which is specially designed so they can meet the rising demand for scalability. This new bioreactor has volume up to 6000L. While preserving low shear mixing, CSR bioreactor has the ability to produce equal energy per volume. This will help the biopharmaceutical companies have better quality, price and regulatory compliance control and flexibility
- In June 2017, Thermo Fisher Scientific announced the acquisition of Finesse Solutions. This acquisition will help the company to combine the Finesse control system with single use technologies which will strengthen their position in the market. Finesse’s Smart Technology provides a variety of data management software and bioreactor controllers and sensors that enable bioprocessing companies and drug manufacturers to configure procedures from labscale to cGMP-compliant manufacturing
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Reasons to Purchase this Report
- Current and future of global bioreactors market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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Press Release Distributed by The Express Wire
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