Bioreactors Market Will Reach USD 2154.4 Million By 2028 With A CAGR of 6.0% - Valuates Reports

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May 05, 2022, 09:30 ET

BANGALORE, India, May 5, 2022 /PRNewswire/ -- Bioreactors market is Segmented by Type - Disposable, Reusable, by Application - Research and Development, Biopharmaceutical, Others. Global Opportunity Analysis and Industry Forecast 2022 - 2028. It is published in Valuates Reports under the Medical Devices & Equipment Category.

Bioreactors market size is estimated to be worth USD 1523.1 million in 2022 and is forecast to be a readjusted size of USD 2154.4 million by 2028 with a CAGR of 6.0% during the review period.

Major factors driving the growth of the bioreactors market are

The bioreactors market is growing due to increased funding from private and government organizations for vaccine research and development, as well as increased demand from the biopharmaceutical industry and monoclonal antibiotics.

Furthermore, the number of clinical and pre-clinical trial studies is increasing, which is driving the bioreactors market forward.

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TRENDS INFLUENCING THE GROWTH OF BIOREACTORS MARKET

The bioreactors market is expected to grow due to the increasing use of bioreactors in various R&D projects. In the development and production of engineered biological products, bioreactors are essential. They mimic the in vivo microenvironment of tissue growth while also providing various mechanical and biochemical signals to stem cells in order to successfully generate transplantable organs or tissues.

Biopharmaceutical manufacturing, which includes enzymes, vaccines, antibodies, growth factors, and hormones, is a difficult task in which small differences in manufacturing conditions can have a significant impact on product quality, efficacy, safety, and yield. Because the majority of commercial biopharmaceutical proteins are complex glycoproteins, they must be manufactured under strict conditions. Bioreactors aid in the production of biopharmaceuticals under controlled and repeatable conditions, all while adhering to GMP guidelines. This factor is expected to further drive the growth of the bioreactors market.

The market value will be boosted by rising bioreactor demand for clinical studies and biopharma manufacturers' focus on innovation. The demand for small-scale bioreactors has grown as the number of pre-clinical and clinical-stage studies in the development of various therapeutic drugs for rare and chronic diseases has increased. The bioreactors market revenue is also boosted by pharmaceutical manufacturers' continued focus on product innovation and increased R&D expenditure.

COVID-19 has sparked a significant increase in demand for preventive vaccines and effective treatment therapeutics. Several pharmaceutical companies have increased their production capacities in order to meet rising drug demand, boosting bioreactor sales during the pandemic. Additionally, increased vaccine development R&D activities around the world have created the potential for clinical-stage bioreactors. This in turn is expected to drive the growth of the bioreactors market.

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BIOREACTORS MARKET SHARE ANALYSIS

Based on type, The single-use bioreactor is expected to be the most lucrative segment. Single-use bioreactor systems have become widely accepted in today's biopharmaceutical manufacturing methods that prioritize high product yield. Single-use bioreactors' flexibility, cost-effectiveness, and high mass production will increase demand, thereby affecting growth.

Based on application, Research and development are expected to be the most lucrative segment.

Based on region, Asia-Pacific is expected to be the most lucrative region. Asian companies, including domestic players and international giants, are estimated to be building about half of all new bioprocessing facilities around the world. In the near future, this is expected to be a major driving force in the Asia Pacific market. Because of its high adoption of single-use technology, China is expected to be at the forefront.

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Market By Region

North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

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Key players

PBS Biotech
Eppendorf
Kühner
TAP Biosystems
Sartorius
Celltainer
Pall(Danaher)
Merck Millipore
Eppendorf
2mag AG
Finesse
Sartorius
Thermo Fisher
Amprotein
Applikon
GE Healthcare
SYNTHECON
Solaris

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SIMILAR REPORTS

- The global Parallel Bioreactors market was valued at USD 283.6 million in 2020 and it is expected to reach USD 574 million by the end of 2027, growing at a CAGR of 10.6% during 2021-2027.

- Micro Bioreactors market size is estimated to be worth USD 147 million in 2022 and is forecast to a readjusted size of USD 246.5 million by 2028 with a CAGR of 9.0% during the review period.

- Perfusion Bioreactors market size is estimated to be worth USD 745.3 million in 2022 and is forecast to a readjusted size of USD 1257.5 million by 2028 with a CAGR of 9.1% during the review period.

- The global Single-use Bioprocessing market size is projected to reach USD 6956.3 million by 2027, from USD 3905.3 million in 2020, at a CAGR of 10.1% during 2021-2027.

- The global cell culture market accounted for USD 16,107.7 million in 2019 and is expected to reach USD 36,926.8 million by 2027, registering a CAGR of 10.9% from 2020 to 2027.

- The Global Bioinformatics Market Size is USD 8,614.29 Million in 2019, and is projected to reach USD 24,731.61 Million by 2027, growing at a CAGR of 13.4% from 2020 to 2027.

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