Bioreactors Market is estimated to reach USD 1417 million by 2021 | Market Data Forecast

16/mar/2018 13:08:19 Market Data Forecast Contatta l'autore

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The Global Bioreactors Market was worth USD 1019.9 million in 2016 and estimated to be growing at CAGR of 6.8%, to reach USD 1417 million by 2021. Rising Chronic disease prevalence and increasing biopharmaceutical investments will propel the growth of the market.

 

A bioreactor is a manufacturing device which supports a biologically active environment. It is a vessel in which a chemical process is taken place that involves organisms or biochemically active substances derived from such organisms. These devices are being used for tissue engineering or biochemical engineering.

 

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Growth of growth in Biodiversity, increase in incidence of lifestyle diseases like diabetes and cancer, rising biopharmaceutical investments, increasing demand for therapeutically active vaccines, product innovation and favorable governance. Growing personalized medicine and increasing popularity of single-use bioreactor among the biopharmaceutical companies. However, regulatory issues regarding single-use bioreactors, limited storage and vulnerability to growth. Moreover, large scale disposal of plastic derivatives is an environmental concern.

 

The Global market for Bioreactors is segmented based on Material, Scale, Production Size, Control Type, End Users and Suppliers. Based on Material - Glass, Stainless-Steel and Single use. Based on Scale - 5L-20L, 20L-200L, 200L-1500L and Over 1500L. Based on Production Size - Lab-Scale Production, Pilot-Scale Production, Full-Scale Production. Based on Control Type - Manual and Automated (MFCs). Based on End Users - R & D Departments, R & D Institutes, CRO's, Biopharmaceuticals Companies, Biopharmaceutical Manufacturers and CMO's. Based on Suppliers - OEMs, System Integrators and EPCs. Based on Geographical Analysis the market is separated into the regions of North America, Asia-Pacific, Europe, Latin America and the Middle East and Africa. North America is leading the market while Europe is at second place. Increasing financial support for development of innovative drugs and increase in no. of biopharmaceutical manufacturers has propelled the growth of these markets. Asia Pacific is expected to grow the fastest two to increase healthcare spending, rising healthcare infrastructure and awareness and rapid medical and technological advancements in Asian countries like India and China. CMOs are the major players in terms of end users. Single-use bioreactors are the most widely used one with 41% share. Glass bioreactors are majorly used for R & D. rising healthcare infrastructure and awareness and rapid medical and technological advancements in Asian countries like India and China. CMOs are the major players in terms of end users. Single-use bioreactors are the most widely used one with 41% share. Glass bioreactors are majorly used for R & D. rising healthcare infrastructure and awareness and rapid medical and technological advancements in Asian countries like India and China. CMOs are the major players in terms of end users. Single-use bioreactors are the most widely used one with 41% share. Glass bioreactors are majorly used for R & D.

 

Includes: Sartorius AG, Thermo Fisher Scientific, Merck KGaA, GE Healthcare, Danaher Corporation, Eppendorf AG, and major Engineering, Procurement and Construction (EPC) players included in this report are Amec Foster Wheeler plc., Fluor Corporation,   Jacobs Engineering Group Inc., M + W Group, PM Group, and Technip SA

 

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