The global bioreactors and fermenters market size is expected to reach USD 5.17 Billion by 2028 at a CAGR of 10.7% through the forecast period, according to the latest report by Reports and Data. Increasing popularity of single-use bioreactor among biopharmaceutical companies to cultivate biologics is the key factor expected to drive market revenue growth over the forecast period.
Bioreactors and fermentors are culture systems to produce organisms or cells. They are used in various applications, including the manufacturing of biopharmaceuticals, basic research & development, chemicals, food & food additives, and other products. Cultivating cells and microbes in bioreactors can save work, time, and lab-space. It also improves the reproducibility and efficiency of cell growth and product formation.
Increasing focus of biologics manufacturers to scale-up production technologies for biologics is expected to stimulate global bioreactors and fermenters market trends. Moreover, surging demand for personalized medicines coupled with rising number of FDA approved orphan drugs has led to increased bio production, which in turn is expected to offer major opportunities for the industry growth in the coming years.
Rising prevalence of chronic diseases and favourable government initiatives to improve healthcare infrastructure are the key factors driving industry growth
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Market Overview:
The pharmaceutical and healthcare industries are among the fastest-growing sectors, particularly during the Covid-19 pandemic. The industry is vital for its life-saving medical innovation that improves people’s health and quality of life in a country. Rapid technological advancements, continued growth in the biologics field, and an increase in medication manufacture and distribution all contribute to the pharma and healthcare industries’ enormous growth. Rapid technological advancements include Artificial Intelligence (AI), blockchain, virtual reality, additive manufacturing, medical imaging and other Industry 4.0 technologies is revolutionizing pharma and healthcare industry. Pharmaceutical firms create jobs in technical assistance, scientific research, and production, as well as develop drugs to improve health, eradicate diseases, and extend life expectancy.
Competitive Landscape:
The global Bioreactors and Fermenters market research report provides a competitive strategy analysis portfolios to provide a better understanding of the competitive landscape. The report further discusses in depth the business strategies undertaken by key manufacturers on mergers and acquisitions, joint ventures, and collaborations. It sheds light on the companies holding largest market share in terms of revenue in the global Bioreactors and Fermenters market.
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Key companies profiled in the report are:
Sartorius AG BBI, GE Healthcare, Praj Hipurity Systems, Danaher (Pall), ZETA, Thermo Fisher, Pierre Guerin (DCI-Biolafitte), Bioengineering AG, Merck KGaA, Solaris, Applikon Biotechnology, Eppendorf AG, and Infors HT among others. Rising investments by the key industry players for the R&D activities will bolster market growth over the analysis period.
Some Key Highlights in the Report:
- Based on type, the single-use bioreactors segment is expected to account for largest revenue share over the forecast period. The robust growth can be attributed to various benefits associated with single-use bioreactors, including easy set up for continuous processing and ease of use as compared to stainless steel bioreactors. Single-use bioreactors reduce maintenance costs save space as they do not require the same utility and piping infrastructure as traditional stainless-steel bioreactors.
- Based on application, the biopharmaceutical companies segment is expected to contribute significantly to the global bioreactors and fermenters market revenue share over the forecast period. Increasing usage of bioreactors and fermenters for cultivating a broad range of cell types and organisms, including cells (like mammalian insect cells, stem cells, cell lines), plant cells & algae, microorganisms (like bacteria, fungi, yeasts), and others.
- The contract manufacturing organization (CMOs) segment is estimated to observe notable growth during the forecast period on account of growing outsourcing needs for biologics manufacturers as a result of increased demand of biologics.
- In the regional landscape, North America accounted for the largest revenue share in bioreactors and fermenters market in 2020 and is expected to register rapid revenue CAGR over the forecast period. Market growth is driven by growth in number of bio manufacturing facilities and investments in this region. Moreover, active support of the regional governments to boost biologics production by providing funds to life science R&D will also contribute to revenue growth of the market over the forecast period.
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This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2028. For the purpose of this study, Reports and Data has segmented the global bioreactors and fermenters market on the basis of type, application and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
- Single-use Bioreactors
- Multiple-use Bioreactors
Application Outlook (Revenue, USD Billion; 2018-2028)
- Biopharmaceutical Companies
- CROs
- Academic and Research Institutes
- Others
The report offers extensive summary of the top companies and also provides strategic recommendations for market players and new entrants to provide a competitive edge to the readers. The reports were collected using primary and secondary research methodologies.
Regional analysis covers:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In addition to corporate strategy, Bioreactors and Fermenters market throws light on different properties to curb the progress of fuel or industry. The focus is more on applicable sales strategies to increase the company’s productivity to achieve higher economic performance. Research reports use effective graphical presentation techniques such as tables, charts, graphs, diagrams, and info graphics.
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Important Coverage in the Bioreactors and Fermenters Market Report:
- Detailed analysis of Global Bioreactors and Fermenters Market by a thorough assessment of the technology, product type, application, and other key segments of the report
- Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth
- Comprehensive analysis of the regions of the Bioreactors and Fermenters industry and their futuristic growth outlook
- Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies
Finally, all aspects of the Bioreactors and Fermenters market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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