Adroit Market Research launched a report on “Global Bioreactors Market Trends for Non-food Applications, Segmentation By Product (Single-use, Multi-use), By Construction Material (Stainless Steel, Glass, Others), By Application (Biotechnology & Pharmaceutical, Contract Research Organizations (CROs), Others), By Region And Forecast From 2018 to 2025”.
The global bioreactors market size is estimated to expand at nearly 16.0 % CAGR from 2018 to 2025. Asia Pacific is likely to showcase lucrative bioreactors market trends by 2025. The consumption of biopharmaceutical products is expected to showcase a prominent increase in the region over the next few years. As a result, the processes used for manufacturing these products are required to meet the market demand.
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The global bioreactors market size and forecast estimates have been provided in terms of revenue (USD million) in the recently published report. The qualitative and quantitative bioreactors market trends have been provided from 2012 to 2025, wherein 2012 to 2017 represents historic data. Product, construction material and application breakdown of the global bioreactors market size is given for the regional as well as country level. The report further includes bioreactor market shares of each of the segments mentioned above, for 2017 and 2025 respectively.
In the contemporary scenario, adoption of single-use technologies, increasing biologics and use of single-use and stainless steel kind of hybrid technologies is expected to fuel the bioreactors market growth. Biopharmaceuticals have wide range of applications, beginning with production of biopharmaceutical to applications in tissue engineering. Besides that, bioreactors offer controllable environment, in terms of nutrient supply, pH temperature and shear stress for any cellular constructs incorporated into them
Over the recent years, a significant increase of the foreign investments in the Asia Pacific biopharma sector has been witnessed. Owing to rising development costs, lower earnings, and requirement for talent specializing in the biotech sector, these companies have strong hopes towards Asia. The region has a broad pharmaceutical production base, lower manufacturing costs and paced up clinical development operations. As a consequence, this is expected to boost the bioreactor market share of Asia Pacific by 2025.
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The single use bioreactor market is expected to grow at more than 20% CAGR during the forecast period. The single use bioreactor technology is extensively utilized in the field of biotechnology, since its incorporation ten years ago. A single-use bioreactor has multiple applications that range from academia to commercial sectors including research & development laboratories for drug discovery environmental, pharmaceutical, and life sciences.
North America is considered to be the largest and fastest-growing consumers of the product and has contributed in increasing the global bioreactors market size, over the recent years. The increase in healthcare expenditure, focus on R&D for new drug development, and rising demand for drugs that treat HIV/AIDS, and cancer is expected to augment the product demand in the region, thus supporting the recent bioreactors market trends especially in the U.S. and Canada.
Sartorius AG, Merck KGaA, and Thermo Fisher Scientific, Inc. captured over 40% of the global bioreactors market size in 2017. Multi-parallel bioreactors and single-use bioreactors are a few of the products offered by these players in the global market.
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Key segments of the global bioreactors market trends for non-food applications:
Product Overview, 2012-2025 (USD Million)
Construction Material Overview, 2012-2025 (USD Million)
- Stainless steel
Application Overview, 2012-2025 (USD Million)
- Biotechnology & pharmaceutical
- Contract Research Organizations (CROs)
Regional Overview, 2012-2025 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
What does the report include?
- The study on the global bioreactors market includes qualitative market dynamics such as drivers, restraints, and opportunities
- Additionally, the market has been evaluated using the value chain, PESTEL analysis and Porter’s Five Forces analysis
- The study includes qualitative and quantitative analysis of the market categorized on the basis of product type, construction material, application and region
- Actual market sizes and forecast figures have been provided for all the afore-mentioned market segments
- The report also covers profiling of key industry players that have a significant global and/or regional presence
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the biotechnology, CROs and pharmaceutical industries, who want an in-depth insight into the development of the bioreactors market. The report will benefit:
- Executives of companies that are a part of the bioreactors business
- Financial managers that are looking to study and publish recent and forecasted numbers pertaining to biotechnology
- Government organizations, regulatory authorities, policymakers and regional players looking for foreign investment
- Analysts, researchers, educators, strategy managers, and academic institutions looking for current and future insights into the market
About Adroit Market Research:
Adroit Market Research provide quantified B2B research on numerous opportunistic markets, and offer customized research reports, consulting services, and syndicate research reports. We assist our clients to strategize business decisions and attain sustainable growth in their respective domain. Additionally, we support them with their revenue planning, marketing strategies, and assist them to make decisions before the competition so that they remain ahead of the curve.
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