Global Airlift Bioreactor Market Competitive Landscape, Growth Factors, Revenue Analysis by 2028

The global airlift bioreactor market is expected to grow at a significant CAGR of 10.5% during the forecast period(2022-2028).The growth of the market is mainly driven by the rise in the biopharmaceutical industry and the increasing prevalence of various chronic diseases such as cancer, diabetes, heart diseases, and viral illnesses. According to the Reserve Bank of India (RBI), the Indian Pharmaceutical sector contributed nearly 2% to India's GDP. Moreover, the Indian pharmaceutical market export turnover was $24.2 billion in 2020-21. India's domestic pharmaceutical market was $41 billion in 2021, and likely to grow to $65 billion by 2024, and further expected to reach $130 billion by 2030.
The market players are focusing on the adoption of various strategies including mergers and acquisitions, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance. in April 2019, Freeline together with Pall Corp. announced the completion of the first full-scale run in Freeline's newly commissioned Good Manufacturing Practice(GMP) located in Stevenage UK. The Freeline propriety adeno-associated virus (AAV), manufacturing platforms use Pall's iCELLis bioreactor, which offers highly efficient production of the AVV in a way that maximizes both quality and yield. The collaboration offers Freeline to take the advantage of the small footprint of the bioreactor of Pall. Moroever, in March 2020, Sartorius launched the BIOSTAT STR generation 3 single-use bioreactor and Biobrain automation platform introducing an innovation that change the field of biopharmaceutical process development and manufacturing. Biostat STR simplifies biologics production. This robust industrial platform consists of hardware, software, and consumables for single-use process development and commercial biomanufacturing. Biostat STR bioreactors and Flexsafe STR bags range from 12.5L to 2000L in the working volume.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2021-2028

• Segment Covered-
o By Type
o By Usage
o By End User

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Sartorius AG, Lonza AG, and Knik Technology, among others.

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Key questions addressed by the report
• What is the market growth rate?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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Global Airlift Bioreactor Market Report by Segment

By Product
• Internal Airlift Loop Bioreactors
• External Airlift Loop Bioreactor

By Usage
• Single Use Disposable
• Reusable

By End-User
• Biopharmaceutical Companies
• Contract Research Organizations/Contract Development Manufacturing Organizations

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Company name: Orion Market Reports
Contact person: Mr. Anurag Tiwari
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Contact no: +91 780-304-0404

Company name: Orion Market Reports
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.