A recent report published by Infinium Global Research on bioreactors market provides in-depth analysis of segments and sub-segments in the global as well as regional bioreactors market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional bioreactors market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global bioreactors market. According to the report, the global bioreactors market is projected to grow at a CAGR of 17.4% over the forecast period of 2019-2025.
A bioreactor is a vessel which supports a biologically active environment. It is usually cylindrical, ranging in size from liters to cubic metres. A bioreactor is made up of stainless steel, glass, and other materials. There are different types of the bioreactor are available in the market includes airlift bioreactor, photo-bioreactor, packaged bed bioreactor, bubble column bioreactor, and many others. The bioreactor has a wide range of application in tissue engineering and biochemical engineering.
The growing demand for single-use bioreactor among the pharmaceutical industry is driving the growth of bioreactors market. Single-use bioreactors are easy to use and easily set up for continuous processing. Furthermore, government support to create an innovative bio-economy has prompted the research and development activities is likely to have a positive impact on the growth of the market. Moreover, increasing demand for bioreactor for drug development and gene therapy coupled with the growing demand for a therapeutically active vaccine are some factors augmenting the market growth. However, regulatory issues regarding single-use bioreactors are expected to hamper the growth of the global bioreactors market. Furthermore, technological advancement and increasing use of bioreactor technology to develop advanced medical processes by the number of vendors offer fruitful opportunities for the global bioreactors market in coming years. For instance, Ardent Cell Technologies is developing bioreactor that performs chemical bath for human tissue.
Among the region, North America dominates the global bioreactors market throughout the forecast period. The increasing number of biopharmaceutical companies are focusing on innovative medicines is escalating the regional growth of the market. On the other hands, Europe is accounted to hold a significant share in this market owing to the presence of leading players in this region. Moreover, Asia-Pacific is expected to be the fastest-growing region in the bioreactors market over the forecast period. This is due to the growing occurrences of chronic disease, product innovation, and favorable government initiative to encourage biotechnological research.
The report on global bioreactors market covers segments such as scale range, material, usage, and end-user. On the basis of scale range, the sub-markets include 5L-20L, 20L-200L, 200L-1500L, and above 1500L. On the basis of material, the sub-markets include stainless steel, glass, and other materials. On the basis of usage, the sub-markets include lab scale, pilot scale, and full scale. On the basis of end-user, the sub-markets include R&D departments, biopharmaceutical manufacturers, and other end-users.
The report provides profiles of the companies in the market such as Thermo Fisher Scientific, GE Healthcare, Danaher Corporation, Eppendorf AG, The Sartorius group, Amec Foster Wheeler plc, Fluor Corporation, The Merck Group, Jacobs Engineering Group Inc., and Technip S.A.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of bioreactors market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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