Enjoy complimentary customisation on priority with our Enterprise License!
The Bioreactors Market size is estimated to grow by USD 2.23 billion at a CAGR of 6.99% between 2023 and 2028.
Several companies in the bioreactors market are offering accessory products with improved features and specific manufacturing standards to make a mark in the market. In addition, these accessories enable market players to retain their existing consumers and also attract new customers. For example, Infors offers a range of accessories for bioreactors, including LabCIP, Exit Gas Analysis, Spin Filter, and Super Safe Sampler. Moreover, these accessories offer additional benefits to bioreactors and aid in bioreactor maintenance. Therefore, such product offerings help attract prospective consumers, thus leading to increased sales and high-volume production among companies which is positively impacting the market.
Technavio has segmented the market into End-user, Type, and Geography
It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018 - 2022, besides analyzing the current market scenario.
To learn more about this report, Request Free Sample
The biopharmaceutical companies segment is estimated to witness significant growth during the forecast period. The increasing prevalence of chronic diseases across the globe is resulting in an increasing need for pharmaceutical and biotechnology companies to manufacture high-quality and regulatorily compliant drugs and therapeutic treatments. In addition, during the drug discovery process, the screening and development of clinically relevant compounds are performed using bioreactors.
Get a glance at the market contribution of various segments Download PDF Sample
The biopharmaceutical companies segment was the largest segment and was valued at USD 1.90 billion in 2018. Moreover, the bioreactors are used during the preparation of media and buffers, in crossflow filtration, viral clearance, cell harvesting, and virus inactivation. In addition, the cell cultivation takes place in a bioreactor under controlled conditions, which allows the checking of the composition of the nutrient medium, saturation of dissolved oxygen, pH, mixing efficiency, and the temperature of the cell culture media. Furthermore, during the filtration process, which is a valuable step in biomanufacturing of monoclonal antibodies, vaccines, and therapeutic proteins, the bioreactor facilitates the removal of particles and performs sterile filtration using sterilizing-grade filters during the final filling, thereby reducing the bioburden. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Automated bioreactors segment can be referred to as specialized equipment used for the cultivation of microorganisms, mammalian cells, and other biological entities. In addition, the increasing demand for automated bioreactors is driven by several factors, primarily in the fields of biotechnology, pharmaceuticals, and industrial microbiology. Moreover, the biopharmaceutical industry relies heavily on bioreactors for the production of therapeutic proteins, monoclonal antibodies, vaccines, and other biologics. In addition, automated bioreactors can ensure consistent and controlled production processes, leading to higher product yields and improved product quality. Hence, such are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
There is an increasing use of manual bioreactors in educational institutions to teach students about bioprocess engineering and biotechnology. In addition, they offer a hands-on approach that helps students understand the fundamental principles of bioreactor operation. Moreover, there is an increasing preference for this segment in academic and research settings, where a high level of flexibility and adaptability is required. In addition, the researchers often work with various cell lines, conditions, and experimental setups, and manually operated bioreactors provide greater control over the process. Hence, such are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
For more insights about the market share of various regions Download PDF Sample now!
Europe is estimated to contribute 29% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period.
Another region offering significant growth opportunities to companies is North America. One of the main factors that is significantly contributing to the growth of the market in North America is the high investments in healthcare research and testing in the US. In addition, the strong distribution networks in countries such as the US and Canada, as well as the increasing focus of biopharmaceutical companies on drug discovery and development, are fuelling the growth of the bioreactors market in North America.
Moreover, the US is the leading contributor in the region due to the presence of a large number of companies, including Danaher, Thermo Fisher Scientific, Merck KGaA, and GE Healthcare. Therefore, the presence of such key companies aids in the efficient management of the supply chain, leading to the timely availability of bioreactors among the end-users in the market and consequently increasing the adoption rates for bioreactors. Hence, such factors are driving the market growth in North America during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global bioreactors market witnessed a significant high as the increasing prevalence of the COVID-19 pandemic increased the demand for bioreactors in the region in North America. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to increasing R&D investment in the biopharmaceutical and pharmaceutical industry. Such factors are expected to drive the market during the forecast period
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Automated Engineering Services Inc: The company offers bioreactor such as 3D Perfusion Bioreactor which consists of multiple independent, autoclavable polycarbonate chambers.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges.
One of the key factors driving the bioreactors market growth is the increased collaborations among stakeholders. There has been an increase in collaborations related to the global bioreactors market across the world, which has significantly influenced the demand for products and services in different regions. In addition, most of the collaboration initiatives undertaken by bioreactor manufacturers worldwide aim to leverage each other's USP.
Moreover, many of these partnerships with companies have resulted in establishing a strong customer base, technology, financial capability, and R&D capabilities with the aim of increasing their market share and becoming leading players in the global bioreactors market. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
A key factor shaping the bioreactors market growth is the availability of value-added software services. Several companies in the market are striving hard to garner larger market shares by offering additional software and hardware products to end-users. For example, SOLARIS BIOTECHNOLOGY offers Leonardo data viewer, which is software for analyzing and optimizing media and parameters for cultivation as well as for design planning and performing trial runs
Moreover, it is used along a bioreactor to develop data and monitor the cultivation process. In addition, this interface allows the user to select the software functions intuitively included in the fermenter supply and can be installed on an unlimited number of the end users personal computers. Furthermore, it can used for 24 independent cultivations and can be carried out simultaneously in a bioreactor. Hence, such factors are driving the market growth during the forecast period.
Ethical issues related to the bioprocessing of stem cells for regenerative medicine are one of the key challenges hindering the bioreactors market growth. The main objective of regenerative medicine is restoring the structure and function of damaged organs and tissues using stem cells. In addition, there has been continuous debate over the ethical issues related to regenerative medicine.
For example, the use of human embryonic stem cells in research has always made decision-makers and the scientific fraternity concerned about the ethical issues involved. In addition, some of the important issues include the cloning of embryonic stem cells and the destruction of embryos to create cell lines. Furthermore, the safety, scientific purity, and securing consent for the use of human embryonic stem cell lines for research purposes are becoming major concerns in this field of research. Hence, such concerns are negatively impacting the market. Therefore, it is expected to hinder the market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Bioreactors Market Customer Landscape
The bioreactors market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
|
Bioreactors Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
161 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 6.99% |
|
Market Growth 2024-2028 |
USD 2.23 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
6.1 |
|
Regional analysis |
North America, Europe, Asia, and the Rest of the World (ROW) |
|
Performing market contribution |
Europe at 29% |
|
Key countries |
US, Canada, Germany, China, and India |
|
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Automated Engineering Services Inc., Bioengineering AG, BPC Instruments AB, Cell Culture Co. LLC, Danaher Corp., Distek Inc., Donaldson Co. Inc., Eppendorf SE, Getinge AB, Infors AG, LAMBDA CZ sro, Merck KGaA, PBS Biotech Inc., Pierre Guerin SA, Sartorius AG, Solida Biotech GmBH, Thermo Fisher Scientific Inc., Zellwerk GmbH, ZETA, and 3D Biotek LLC |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Download Sample PDF at your Fingertips
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
