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Single-Use Bio Reactors Market By Size, Shar, CAGR, Trends And Growth Forecast To 2033
Single-Use Bio Reactors Market Size
As per the report, the single-use bio reactors market size has grown rapidly in recent years. It will grow from $4.53 billion in 2023 to $5.39 billion in 2024 at a compound annual growth rate (CAGR) of 19.1%. The single-use bio reactors market size is expected to see exponential growth in the next few years. It will grow to $11.28 billion in 2028 at a compound annual growth rate (CAGR) of 20.3%.
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The Surge In Pharmaceutical Product Demand Fuels Growth Of The Single-Use Bioreactor Market
Increasing demand for pharmaceutical products is expected to propel the growth of the single-use bioreactor market going forward. Pharmaceutical products refer to medications or drugs that are specifically formulated to diagnose, prevent, treat, or cure diseases or medical conditions in humans or animals. Single-use bioreactors play a pivotal role in pharmaceutical production, especially in the manufacturing of biopharmaceuticals such as antibodies, vaccines, and gene therapies. For instance, in June 2022, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a European trade association representing the pharmaceutical industry, the total pharmaceutical production in Europe accounted for $351 billion (€300,000 million) in 2021, with an increase of approximately 5% from $335.2 billion (€286,697 million) in 2020. Therefore, increasing demand for pharmaceutical products is driving the growth of the single-use bioreactor market.
Innovative Product Offerings Drive Market Growth In The Single-Use Bioreactors Sector
Product innovations are a key trend gaining popularity in the single-use bioreactor market. Major companies in the market are focusing on launching innovative products for market growth. For instance, in March 2021, Thermo Fisher Scientific Inc., a US-based scientific research and laboratory services company, introduced single-use bioreactors with capacities of 3,000 liters and 5,000 liters, surpassing the conventional size limitations. This response was driven by the significant demand from contract development and manufacturing organizations (CDMOs) and pharmaceutical firms seeking various system sizes. These new systems offer increased scalability, an improved turndown ratio, and enhanced mixing capabilities.
The single-use bio reactors market covered in this report is segmented -
1) By Type: Stirred-Tank SUBs, Wave-Induced SUBs, Bubble-Column SUBs, Other Types
2) By Molecule Type: Vaccines, Monoclonal Antibodies, Stem Cells, Recombinant Proteins
3) By Cell Type: Mammalian Cell, Bacteria, Yeast
4) By Application: Research And Development (R&D), Process Development, Bioproduction
5) By End User: Pharmaceutical And Biopharmaceutical Companies, Contract Research Organizations (CRO), Academic And Research Institutes, Contract Manufacturing Organizations (CMO)
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Major companies operating in the single-use bio reactors market include CESCO Bioengineering Co Ltd, PBS Biotech Inc, Solida Biotechnology GmbH, ABEC Inc., Eppendorf AG, Sartorius Stedim Biotech Sa Ltd, Danaher Corporation Ltd, Thermo Fisher Scientific Inc., GE Healthcare, Merck Kgaa (Merck Millipore) Pvt Ltd, Distek Inc, Celltainer Biotech Bv Pvt.Ltd, Getinge AB, Pall Corporation, G&G Technologies Inc, SATAKE MultiMix Corporation, Bio-Age Equipment & Service Pvt.Ltd, Entegris Inc., Avantor Inc., Celartia, Cell Culture Company, Cytiva, Solaris Biotechnology srl., Cellexus International Ltd., Distek Inc., Infors AG, OmniBRx Biotechnologies, Xcellere*x Inc., Applikon Biotechnology Inc., BBI-Biotech GmbH
Contents of the report:
1. Executive Summary
2. Single-Use Bio Reactors Market Report Structure
3. Single-Use Bio Reactors Market Trends And Strategies
4. Single-Use Bio Reactors Market - Macro Economic Scenario
5. Single-Use Bio Reactors Market Size And Growth
…..
27. Single-Use Bio Reactors Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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