Press release
The Bioreactor market growth outlook with industry review and forecasts
Fractovia.org
According to Global Market Insights, Inc., “Worldwide bioreactor market was valued USD 500 million in 2016 and will register an annual growth rate of more than 18% over the coming seven years.” Escalating occurrence of chronic diseases across the globe is anticipated to stimulate bioreactor market. Governments across the globe have been undertaking initiatives to improve healthcare infrastructure for providing better treatment facilities to the patients. Also, the growing availability of improved treatment and diagnostic facilities will boost bioreactor industry size.
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The differentiating factor of Bioreactor Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook. Business focussed multiple trends for Bioreactor industry are discussed along with regional trends to offer an overall view of the market. The ‘industry insights’ chapter of this research provides the most comprehensive analysis of Bioreactor Market covering segmentation, size, forecasts, ecosystem analysis and more. Industry impact forces (regional and global) that cover growth drivers and challenges, growth potential analysis, a strategy dashboard for competitive landscape of Bioreactor Market support this sector specific data and information points.
Based on the technology, bioreactor market is primarily divided onto single use bubble column, wave induced motion SUB, other SUB, & stirred SUB. Wave induced motion SUB accounted for above 50% of the overall bioreactor industry share in 2016 and will generate considerable revenue by the end of 2024. Subjected to the satisfactory productivity and improved flexibility, the product is extensively used in pilot scale and laboratories. Stirred SUB is another lucrative technology segment of bioreactor market.
CMOs, biopharma manufacturers, and R&D organizations are the end use sectors of bioreactor industry. Biopharma manufacturers accounted for over 30% of the end use landscape in 2016 and will register a notable CAGR over the coming seven years. Growing implementation of new technologically enhanced facilities will propel the segment growth. R&D organizations collected a revenue of USD 250 million in 2016 and will exhibit a significant growth rate over the coming timeframe. Most of the manufacturers have been striving to develop an innovative product range, which will enhance the industry growth.
Browse key industry insights spread across 100 pages with 125 market data tables & 15 figures & charts from the report Bioreactor Market in detail along with the table of contents:
https://www.fractovia.org/news/industry-research-report/bioreactor-market
Mammalian cells dominated the bioreactor industry in 2016 by accounting for more than 75% of the overall share and will witness a highly profitable roadmap over 2017 - 2024. This product is prominently used in the manufacturing of viral vaccines and therapeutic proteins.
Geographically, China bioreactor market will collect substantial revenue with an annual growth rate of more than 19% over 2017 to 2024. Growing prevalence of chronic diseases along with rising population across this region will fuel the product demand. The well-established industry giants across the APAC belt are investing heavily in R&D activities to fulfil the unmet healthcare requirements. In addition, the deployment of supportive government policies regarding research activities will enhance the product portfolio.
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U.S. bioreactor market will surpass a revenue generation of USD 600 million by 2024. Most of the U.S. based companies have been introducing new and effective medicines in the market, which will stimulate the product demand. Industry biggies across the U.S. have also been forming strategic joint ventures with academic institutes and capital firms, which will further impel the market growth.
The key participants in this industry are GE Healthcare, Eppendorf, Thermo Fisher Scientific, Sartorius AG, and Merck Millipore.
Browse Related Reports:
Precision Medicine Market Size By Technology (Big Data Analytics, Gene Sequencing, Drug Discovery, Bioinformatics, Companion Diagnostics), By Application (Oncology, CNS, Immunology, Respiratory), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Scandinavia, Italy, Japan, China, India, Singapore, Mexico, Brazil, South Africa, UAE, Qatar, Saudi Arabia), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023
https://www.gminsights.com/industry-analysis/precision-medicine-market
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