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 5.17 Billion by
2028 at a CAGR of 10.7% 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.
Increasing focus of biologics
manufacturers to scale-up production technologies for biologics is expected to
stimulate global bioreactors and fermenters market trends. Moreover, surging
demand for personalized medicines coupled with rising number of FDA approved
orphan drugs has led to increased bio production, which in turn is expected to
offer major opportunities for the industry growth in the coming years.
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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.
·
Key players operating in the global bioreactors
and fermenters market 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. Rising investments by the key industry players for
the R&D activities will bolster market growth over the analysis period.
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This report forecasts revenue
growth at global, regional, and country levels and provides an analysis of the
latest industry trends in each of the sub-segments from 2018 to 2028. For the
purpose of this study, Reports and Data has segmented the global bioreactors
and fermenters market on the basis of type, application and region:
Type Outlook (Revenue,
USD Billion; 2018-2028)
- Single-use Bioreactors
- Multiple-use Bioreactors
Application
Outlook (Revenue, USD Billion; 2018-2028)
- Biopharmaceutical Companies
- CROs
- Academic and Research Institutes
- Others
Regional Outlook (Revenue,
USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- France
- Germany
- Spain
- Italy
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
In conclusion, the report offers
a comprehensive analysis of the factors expected to drive the global
Bioreactors and Fermenters market growth over the forecast period of 2021-2028.
The report is an all-inclusive document covering the market landscape and a
futuristic perspective on its growth and progress. The report also provides an
analysis of the entry-level driving and restraining factors for the new
entrants contributing to the market. The report also offers strategic
recommendations to the established players as well as new entrants to help them
gain a strong foothold in the market.
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