Bioreactor market size is likely to grow at a CAGR of over 18% from 2016 to 2023.

Low operational cost accompanied by minor requirement for maintenance and monitoring compared to traditional ones is anticipated to drive industry demand.

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In addition, low energy consumption coupled with simplicity in culturing of marine microorganism namely algae is likely to propel the industry demand for this system over the several forthcoming years. Single use bioreactor market size is likely to exceed USD 500 million by 2023.

Intense growth potential of biologics industry is likely to offer massive growth avenues to the industry participants over the forecast period. Furthermore, lack of availability of sterilized sensors is anticipated to hider the industry growth. Low volume capacity of these systems is likely to challenge the industry demand for bioreactors from 2016 to 2023.

The bioreactor market can be segmented on the basis of product, molecule, cell, technology and end use. On the basis of product type it can be segregated as recombinant proteins and monoclonal antibodies. Based on cell type, the industry can be segmented into bacteria, mammalian cells as well as yeast. Mammalian cells are anticipated to be the fastest and largest growing in the industry. The spur can be subjected to higher effectiveness of biomolecules exhibited by mammalian cells.

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Key industry participants occupying major bioreactor market share include Thermo Fischer Scientific, PBS Biotech, Merck KGaA, GE Healthcare, Merck Millipore, Xcellerex, Thermo Fisher Hyclone, Cellexus, Pall Corporation, Stedim Biotech and Sartorius among others.

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