Global Bioreactors Market: Overview
In the contemporary scenario, adoption of single-use technologies, increasing biologics and use of single-use and stainless steel kind of hybrid technologies is expected to fuel the bioreactors market growth. Biopharmaceuticals have wide range of applications, beginning with production of biopharmaceutical to applications in tissue engineering. Besides that, bioreactors offer controllable environment, in terms of nutrient supply, pH temperature and shear stress for any cellular constructs incorporated into them. All these factors effectively enlarge global bioreactors market size. The global bioreactors industry is projected to reach a value of highest USD Million by the end of 2025, which obtained a value of USD 1.70 Million in 2017. The market has maintained an optimistic growth rate of 16.0% CAGR during the forecast period.
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Single-use bioreactors are extensively used in CROs. CROs typically handle different products on account of which it is economical to use disposable bags in place of a stainless-steel vessel. The growing number of CROs is expected to augment the growth of the single use bioreactor market industry over the next few years.
Global Bioreactors Market: Growth Factors
In 2015, according to the Organization for Economic Co-operation and Development (OECD), there were 1,700 biopharmaceutical companies which uses bioreactors. As stated by International Trade Administration, the US pharmaceutical market is projected to attain a valuation of USD xxx Billion by 2020. Hence, with the increasing pharmaceutical companies in the U.S., the market got established with extensive use of this process in production of specialty biomolecules for use in pharmaceutical industries.
The single use bioreactor market is expected to grow at more than 20% CAGR during the forecast period. The single Use bioreactor technology is extensively utilized in the field of biotechnology, since its incorporation ten years ago. A single-use bioreactor has multiple applications that range from academia to commercial sectors including research & development laboratories for drug discovery environmental, pharmaceutical, and life sciences.
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Global Bioreactors Market: Segmentation
The segmentation of global bioreactors industry is based on different types, product, scale, material, control type, application, end-user and geography. Different single-use bioreactors includes filtration assemblies, media bags and single use bioreactor systems. The single use bioreactor systems is expected to pick the pace in the coming next years. Media bags help forming attractive product segment which is projected to generate positive global bioreactors market share.
On the basis of material, the segmentation has two categories, glass and stainless steel. While in the basis of application, the categories include pilot-scale production, full-scale production and lab-scale production. In terms of scale, the market has wide range which includes 5L-20L, 20L-200L, 200L-1,500L, and above 1,500L. On the basis of control type, the market is bifurcated into automated and manual. On the basis of end-user, the market has categories which is inclusive of contract research organizations & manufacturers, biopharmaceutical manufacturers and life science R&D companies & academic research institutes
Global Bioreactors Market: Regional Analysis
Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa are the most prominent regions for global bioreactors market. Europe ranked highest of global bioreactors market share. Europe government’s supporting policies catalyze biopharmaceutical companies to come up with some novel therapies in biologics, tuning the higher application of single-use bioreactors in cell culture-based manufacturing.
Global Bioreactors Market: Competitive Players
Prominent global bioreactors market players are Thermo Fisher Scientific, Inc. (U.S.), Sartorius AG (Germany), GE Healthcare (A subsidiary of General Electric Company) (U.S.), Merck KGaA (Germany), Eppendorf AG (Germany) and Danaher Corporation (U.S). Other major engineering, Procurement and Construction (EPC) players Fluor Corporation (U.S.), M+W Group (Germany), Technip S.A. (France), Amec Foster Wheeler plc (U.K.), Jacobs Engineering Group Inc. (U.S.) and PM Group (Ireland)
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Key segments of the global bioreactors market for non-food applications report
Product Overview, 2012-2025 (USD Million)
Construction Material Overview, 2012-2025 (USD Million)
- Stainless steel
Application Overview, 2012-2025 (USD Million)
- Biotechnology & pharmaceutical
- Contract research organizations (CROs)
Regional Overview, 2012-2025 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
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What does the report include?
- The study on the global bioreactors market includes qualitative market dynamics such as drivers, restraints, and opportunities
- Additionally, the market has been evaluated using the value chain, PESTEL analysis and Porter’s Five Forces analysis
- The study includes qualitative and quantitative analysis of the market categorized on the basis of product type, construction material, application and region
- Actual market sizes and forecast figures have been provided for all the afore-mentioned market segments
- The report also covers profiling of key industry players that have a significant global and/or regional presence
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