Global Bioreactors Market is Projected to Register a Healthy CAGR of 10.35%

Posted by peeterdbmr on January 2nd, 2020

Global bioreactors market is set to witness a healthy CAGR of 10.35% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising demand for single use bioreactor and technological advancement in healthcare industry are the factor for the market growth

Key Market Competitors:

Few of the major competitors currently working in the global bioreactors market are Thermo Fisher Scientific Inc., PBS Biotech, Inc, General Electric, Merck KGaA., Cellexus., Pall Corporation., Sartorius AG, Applikon Biotechnology, GEA Group Aktiengesellschaft., Intran Technologies., bbi-biotech GmbH, www.blbio.com., CerCell ApS., Eppendorf AG, Solaris Biotechnology Srl., Pierre Guérin., CESCO BIOENGINEERING CO., LTD., Hipurity Systems Limited., Finesse, among others.

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Bioreactor is described as a vessel that performs a biological response and is used for the cultivation of aerobic cells for cell or enzyme immobilization. They are device in which living organisms and bacteria in particular synthesize or break down damaging substances. They are usually made of material such as stainless steel, single use and glass. They are mainly used to enhance the biochemical process which such as fermentation and antibiotic drug production.

Segmentation: Global Bioreactors Market

• By Usage (Lab-Scale Production, Pilot-Scale Production, Full-Scale Production)
• By Scale (5L-20L, 20L-200L, 200L-1500L, Above 1500L)
• By Material (Glass, Stainless Steel, Single Use)
• By Control Type (Manual, Automated)
• By Suppliers (OEM, System Integrators, EPCs)
• By End- User (R&D Departments, R&D Institutes, CROs, Biopharmaceutical Companies, Biopharmaceutical Manufacturer, CMOs)
• By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Competitive Analysis:

Global bioreactors market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of bioreactors market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers

• Rising demand from pharmaceutical industry will drive the market growth
• Increasing prevalence of conditions such as cancer and diabetes also acts as a market driver
• Growing demand for therapeutically effective vaccines is another factor boosting this market growth
• Increasing R&D investment will also enhance the growth of this market

Market Restraints

• Low capacity of single use bioreactors will restrict the market growth
• Rising concern associated with the extractable will also impede the market growth
• Increasing rules and regulation associated with the use of single use bioreactors will restrict the growth of this market in the forecast period

Reasons to Purchase this Report

• Current and future of global bioreactors market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

• All segmentation provided above in this report is represented at country level
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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