Bioreactors Market Key Developments, Company Overview, Competitive Landscape, Demand and Trends by Forecast to 2027 | COVID-19 Effects
The bioreactors market was valued at US$ 2,958.50 million in 2019 and is projected to reach US$5,169.01 million by 2027; it is expected to grow at a CAGR of 7.3% from 2020 to 2027.
Market Overview:
The report highlights the trends prevalent in the global bioreactors market and the factors driving the market along with those that act as deterrents to its growth. The market is expected to grow due to due to increasing healthcare expenditures research and development as well as outsourcing services, however, the availability of alternative virus clearance methods is hindering the market.
Single-use bioreactors (S.U.B.) are developed from various manufacturers which is robust and provides high-performance that is necessary for commercial manufacturing of biopharmaceuticals. Many advantages offered in film technologies, bioreactor designs, stirring mechanisms, and sensor systems have contributed to the increasing adoption of disposable reactors from the lab to production scale. The single-use bioreactors are helpful in providing next-generation cell- and gene-therapies and continuous bioprocessing. The betterments and improvements in cell-culture processes have developed higher titers and cell densities, which have facilitated the adoption of single-use bioreactors through reductions in needed reactor volumes. The single-use technologies have gained the widespread acceptance with the support from regulators. While existing cGMP processes are using stainless steel infrastructure, many new products are directly into single-use production equipment. The increasing acceptance of the single use bioreactors are rising the production of the bioreactors and eventually increasing the market of the bioreactors.
Global bioreactors market, based on the application was segmented into microbial application and cell culture. In 2017, microbial segment held the largest share of the market, by application. Moreover, the microbial segment is expected to grow at the fastest rate during the coming years as microbial cultures are being used on a large scale for research purposes as well as industrial applications. Growth in the number of biotechnology companies and rise in research funding offered by government bodies are considered to be the factors driving the growth of the segment during the forecast period.
Some of the prominent players operating in bioreactors market are Thermo Fisher Scientific Inc., Applikon Biotechnology BV, Merck KGaA, Sartorius AG, Eppendorf, General Electric, Bioengineering AG, Solaris Biotechnology Srl, Danaher (Pall Corporation), and Praj Industries. The market players are focused towards expanding their manufacturing and services capabilities by opening new manufacturing plants and service portfolio. For instance, in July 2018, Merck expanded its operations in Gillingham, UK to expand distribution centre for Life Science products to support future business growth. Similarly, Bioengineering opened its new branch-office in South Korea in June, 2018. This has helped the company to have a strong presence in the Asian countries.
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The report segments the global bioreactors market as follows:
· Global Bioreactors Market – By Product Class
Benchtop (up to15L) Bioreactors
Pilot Scale (15-1000L) Bioreactors
Industrial Scale(>1000L) Bioreactors
· Global Bioreactors Market – By Application
Microbial Application
Multi-Use Bioreactors
Glass Bioreactors
Stainless Steel Bioreactors
Single-Use Bioreactors
Cell Culture Application
Multi-Use Bioreactors
Glass Bioreactors
Stainless Steel Bioreactors
Single-Use Bioreactors
· Global Bioreactors Market – By Geography
North America
S.
Canada
Mexico
Europe
K.
Germany
France
Asia Pacific (APAC)
Japan
China
India
Thailand
Singapore
Malaysia
Middle East & Africa (MEA)
South Africa
UAE
Saudi Arabia
Egypt
South & Central America (SCAM)
Brazil
Argentina
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Bioreactors Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Cell (Mammalian Cells, Bacterial Cells, Yeast Cells, Others); Molecule (Monoclonal Antibodies, Vaccines, Recombinant Proteins, Stem Cells, Gene Therapy, Others); Technology (Wave-Induced Motion SUB, Stirred SUB, Single-Use Bubble Column, Others); End User (Research and development organizations, Biopharma Manufacturers, Contract Manufacturing Organizations (CMOs)), and Geography
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