Allied Market Research recently published a report, titled, “Bioreactors Market by Type (Glass, Stainless Steel, and Single-Use), Usage (Lab-Scale Production, Pilot-Scale Production, and Full-Scale Production), Scale (5L-20L, 20L-200L, 200L-1500L, and Above 1500L), and Control Type (Manual, and Automated): Global Opportunity Analysis and Industry Forecast, 2021–2030″. According to the analyst of AMR, the global bioreactors industry was accounting for $2.61 billion in 2020, and is expected to reach $7.32 billion by 2030, growing at a CAGR of 10.7% from 2021 to 2030.
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Bioreactors Market Overview:
Rise in technological developments for advanced bioreactors, advancements in R&D activities for novel biologic and microbial applications, and surge in demand for single-use bioreactors drive the growth of the global bioreactors market. However, high cost of bioreactors hinders the market growth. On the contrary, development of biotechnology and pharmaceutical industry is expected to open lucrative opportunities for the market players in the future.
Bioreactors Market Segmentation:
The full-scale production segment to manifest the highest CAGR through 2030
By usage, the full-scale production segment is projected to register the highest CAGR of 11.5% during the forecast period, due to advancements in R&D activities for vaccine development, increase in adoption of advanced bioreactors, and rise in prevalence of chronic diseases. However, the pilot-scale production segment held the largest share in 2020, contributing to more than two-fifths of the global bioreactors market, owing to development in pharmaceutical and biotechnology industry and surge in number for clinical and pre-clinical trial studies.
The single-use segment dominated the market growth
By type, the single-use segment held the largest share in 2020, accounting for more than three-fifths of the global bioreactors market. Moreover, the segment is expected to manifest the highest CAGR of 11.2% during the forecast period, due to surge in demand for biologic drugs and initiatives taken by government for the development of the pharmaceutical sector.
North America held the largest share
By region, the market across North America held the largest share in 2020, accounting for more than one-third of the market, due to rise in prevalence of chronic diseases, presence of key players in manufacturing advanced bioreactors, and advancements in R&D in biomedical research in the region. However, the global bioreactors market across Asia-Pacific is anticipated to showcase the highest CAGR of 12.3% during the forecast period, owing to rise in prevalence of chronic diseases, rise in demand for novel biologic drugs, and surge in the pharmaceutical industry.
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Bioreactors Market: By Region Outlook
North America (U.S., Canada)
Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
Important Questions Being Answered by the Bioreactors Market Report:
What is the Bioreactors market size and growth?
What are the prominent and latest trends impacting the market?
Which is the largest regional market for Bioreactors?
Key market players discussed in the Bioreactors Market report include BBI-Biotech GmbH, Bioengineering AG, Danaher Corporation, Eppendorf AG, Getinge, Infors HT, Merck KGAA, Sartorius AG, Solaris Biotech Solutions, and Thermo Fisher Scientific, Inc.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.