Press release
Global Bioreactors Market 2020 Industry Analysis and Detailed Profiles of Top Industry Players Thermo Fisher Scientific Inc., PBS Biotech, Inc, General Electric, Merck KGaA., Cellexus
Global Bioreactors Market
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 healthcare industry are the factor for the 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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Competitive Analysis:
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 & 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.
Market Drivers
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 R&D investment will also enhance the growth of this market
Market Restraints
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
By Usage
Lab-Scale Production
Pilot-Scale Production
Full-Scale Production
By Scale
5L-20L
20L-200L
200L-1500L
Above 1500L
By Material
Glass
Stainless Steel
Single Use
By Control Type
Manual
Automated
By Suppliers
OEM
System Integrators
EPCs
By End-User
R&D Departments
R&D Institutes
CROs
Biopharmaceutical Companies
Biopharmaceutical Manufacturer
CMOs
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)
Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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