The perfusion bioreactor market will see a propensity for digitized integration at a CAGR of 7.5% over the period 2021-2
Posted by Archit Sanjay on June 28th, 2022
The perfusion bioreactor market is likely to grow voraciously, at a CAGR of 7.5% between 2021 and 2031. Augmented and virtual reality are keeping pace with advanced technologies significantly. VR and AR have great offering potential in the healthcare sector. Areas of application include surgical simulation and training and patient care and treatment.
For medical research, cell culture media are required, which makes in vitro biological tests possible thanks to cell culture. This creates demand for perfusion bioreactors. Growing sources of R&D spending in this area include government funding, private funding, and funding from commercial organizations.
Applied and basic research is the main focus of academic research institutes, where governments and industrial organizations prefer cost-effective methods for production and development. Investments in research and development are expected to increase in all countries of the world in the coming years, particularly in China, India and Brazil, which will drive demand for perfusion bioreactors.
The global perfusion bioreactor market was valued at around US $ 300 million in 2020 and is expected to show a CAGR of approximately 7.5% over the forecast period (2021-2031).
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Key points of the market study
"Biopharmaceutical companies are seeing growth in emerging economies and developed countries thanks to effective manufacturing, high research activity and a growing awareness of good manufacturing practices," says an analyst with Persistence Market Research.
Impact of COVID-19
The impact of COVID-19 can be easily seen in the financial data of all companies. In the United States, COVID-19 cases have reached 7 million with over 1 million deaths. Due to this unprecedented pandemic scenario, the healthcare sector around the world has been the center of attention.
However, the global perfusion bioreactor market can be said to be minimally affected. The new installations were affected due to hampered import activities and supply chain crises.
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Launch of new products - Strategy of the main players
Leading perfusion bioreactor manufacturers use the strategy of introducing new and innovative products based on patient needs. This factor has led to intense competition between market players.
What does the report cover?
Persistence Market Research offers a unique perspective and actionable insights into the perfusion bioreactor market in its latest study, presenting the 2016-2020 historical demand assessment and 2021-2031 projections.
The research study is based on scale (small-scale bioreactors and large-scale bioreactors), application (R&D and GMP) and end-user (biopharmaceutical companies, academic and research institutes, contract research organizations (CROs) and contract manufacturing (CMO)), in seven key regions of the world.
Who we are:
Persistence Market Research (PMR), as a third-party research organization, works through a unique fusion of market and data analytics to help companies rise to the top, in research from the turmoil faced by financial / natural crises.
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About the AuthorArchit Sanjay
Joined: April 12th, 2021
Articles Posted: 390
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