Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 15.23 Billion | USD 37.56 Billion | 10.55% | 2023 |
Zion Market Research has published a report on the global Bioreactors Market, estimating its value at USD 15.23 Billion in 2023, with projections indicating that it will reach USD 37.56 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 10.55% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Bioreactors industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Bioreactor or fermenter is requisite equipment required for bioprocessing. Bioreactors are specifically constructed systems or vessels that can support a biologically live environment, as a specific surrounding is required for the cells to grow. The bioreactors generally are available in the range of liters to cubic meters. Bioreactors used for large-scale production of therapeutics are usually made of stainless steel. Small glass bioreactors are often used for process development scale-up and research work in the biopharmaceutical sector. Single-use bioreactor, or disposable bioreactor, has been found more widespread in manufacturing and research use. Bioreactors can perform as fed-batch, continuous stirred-tank, or batch reactor systems.
The major factors propelling the growth of the global bioreactors market are the rise in acceptance of single-use technologies, increasing biologics, utilization of hybrid technologies such as stainless steel and single-use, and the increasing demand for the single-use bioreactor in biopharmaceutical companies. The other factors boosting the growth of the global market are low functional value coupled with minimum maintenance and monitoring in regard to traditional ones.
The global bioreactor market is segmented on the basis of scale range, usage, end-user, control, materials, suppliers, and region.
The scale range segment of the global market is divided into 5L–20L, 20L–200L, 200L–1500L, and above 1500L.
The usage segment of the global bioreactor market is classified into pilot-scale production, full-scale production, and lab-scale production.
The end-user segment of the global market is diversified into R&D departments, contract research organizations, biopharmaceutical companies, biopharmaceutical manufacturers, R&D institutes, biopharmaceutical companies, and contract manufacturing organizations.
The control segment of the global bioreactor market is classified as automated and manual.
The material segment is sub-segmented into stainless steel, glass, and single-use.
The supplier segment of the global market is divided into engineering procurement and construction, original equipment manufacturers, and system integrators.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Report Attributes | Report Details |
---|---|
Report Name | Bioreactors Market |
Market Size in 2023 | USD 15.23 Billion |
Market Forecast in 2032 | USD 37.56 Billion |
Growth Rate | CAGR of 10.55% |
Number of Pages | 110 |
Key Companies Covered | Danaher Corporation, Thermo Fisher Scientific, Inc., GE Healthcare, Sartorius AG, Eppendorf AG, and Merck KGaA |
Segments Covered | By Scale Range, By Usage, By End-User, By Control, By Materials, By Suppliers And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America and Europe are assumed to be the dominating regions in the global bioreactor market due to the existence of major biopharmaceutical manufacturing companies. The Asia Pacific is anticipated to grow significantly in the near future owing to the huge expenditure granted to the manufacturers of biologics. Latin America is also assumed to grow substantially in the global market as many biopharmaceutical companies are looking forward to initiating manufacturing units in this region.
Some main participants of the Bioreactors market are-
Global Bioreactors Market: Scale Range Analysis
Global Bioreactors Market: Usage Analysis
Global Bioreactors Market: End-User Type Analysis
Global Bioreactors Market: Control Type Analysis
Global Bioreactors Market: Material Type Analysis
Global Bioreactors Market: Supplier Type Analysis
The other major players in the global market are Fluor Corporation-
FrequentlyAsked Questions
The major factors propelling the growth of the global bioreactors market are the rise in acceptance of single-use technologies, increasing biologics, utilization of hybrid technologies such as stainless steel and single-use, and the increasing demand for the single-use bioreactor in biopharmaceutical companies.
The global Bioreactors Market, estimating its value at USD 15.23 Billion in 2023, with projections indicating that it will reach USD 37.56 Billion by 2032.
North America and Europe are assumed to be the dominating regions in the global bioreactor market due to the existence of major biopharmaceutical manufacturing companies.
Some main participants of the Bioreactors market are Danaher Corporation, Thermo Fisher Scientific, Inc., GE Healthcare, Sartorius AG, Eppendorf AG, and Merck KGaA. The other major players in the global market are Fluor Corporation, Technip S.A., Amec Foster Wheeler plc, M+W Group, PM Group, and Jacobs Engineering Group Inc, among others.
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