Rising prevalence of chronic diseases and favourable government initiatives to improve healthcare infrastructure are the key factors driving industry growth
The global bioreactors and fermenters market size is expected to reach USD 7.04 Billion by 2030 at a CAGR of 10.0% through the forecast period, according to the latest report by Reports and Data. Increasing popularity of single-use bioreactor among biopharmaceutical companies to cultivate biologics is the key factor expected to drive market revenue growth over the forecast period.
Bioreactors and fermentors are culture systems to produce organisms or cells. They are used in various applications, including the manufacturing of biopharmaceuticals, basic research & development, chemicals, food & food additives, and other products. Cultivating cells and microbes in bioreactors can save work, time, and lab-space. It also improves the reproducibility and efficiency of cell growth and product formation.
Key companies profiled in the report include
Sartorius AG BBI, GE Healthcare, Praj Hipurity Systems, Danaher (Pall), ZETA, Thermo Fisher, Pierre Guerin (DCI-Biolafitte), Bioengineering AG, Merck KGaA, Solaris, Applikon Biotechnology, Eppendorf AG, and Infors HT among others.
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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Bioreactors and Fermenters market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.
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The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.
The key geographical regions analyzed in the market report are:
- North America (U.S.A., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Bioreactors and Fermenters Market Segmentation based on Types:
Type Outlook (Revenue, USD Billion; 2019-2030)
- Single-use Bioreactors
- Multiple-use Bioreactors
Application Outlook (Revenue, USD Billion; 2019-2030)
- Biopharmaceutical Companies
- CROs
- Academic and Research Institutes
- Others
Some Key Highlights in the Report:
- Based on type, the single-use bioreactors segment is expected to account for largest revenue share over the forecast period. The robust growth can be attributed to various benefits associated with single-use bioreactors, including easy set up for continuous processing and ease of use as compared to stainless steel bioreactors. Single-use bioreactors reduce maintenance costs save space as they do not require the same utility and piping infrastructure as traditional stainless-steel bioreactors.
- Based on application, the biopharmaceutical companies segment is expected to contribute significantly to the global bioreactors and fermenters market revenue share over the forecast period. Increasing usage of bioreactors and fermenters for cultivating a broad range of cell types and organisms, including cells (like mammalian insect cells, stem cells, cell lines), plant cells & algae, microorganisms (like bacteria, fungi, yeasts), and others.
- The contract manufacturing organization (CMOs) segment is estimated to observe notable growth during the forecast period on account of growing outsourcing needs for biologics manufacturers as a result of increased demand of biologics.
- In the regional landscape, North America accounted for the largest revenue share in bioreactors and fermenters market in 2020 and is expected to register rapid revenue CAGR over the forecast period. Market growth is driven by growth in number of bio manufacturing facilities and investments in this region. Moreover, active support of the regional governments to boost biologics production by providing funds to life science R&D will also contribute to revenue growth of the market over the forecast period.
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