NEW YORK, Dec. 6, 2023 /PRNewswire/ -- The bioreactors market is expected to grow by USD 2.23 billion from 2023 to 2028. In addition, the momentum of the market will progress at a CAGR of 6.99% during the forecast period, according to Technavio Research. The market has been segmented by end-user (biopharmaceutical companies, research institutes, and contract research organizations), type (automated and manual), and geography (North America, Europe, Asia, and the Rest of the World (ROW)). Europe is estimated to contribute 29% to the growth of the global market during the forecast period. Another region offering significant growth opportunities to companies is North America. High investment in healthcare research and development in the US is one of the main factors. The growth of the North American bioreactors market is also driven by strong distribution networks, which range from countries like the US and Canada to pharmaceutical companies focusing on discovering and developing new medicines.
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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
Automated Engineering Services Inc - The company offers bioreactors such as 3D Perfusion Bioreactor which consists of multiple independent, autoclavable polycarbonate chambers.
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Bioreactors Market: Segmentation Analysis
The biopharmaceutical companies segment is estimated to witness significant growth during the forecast period. There is a growing need for pharmaceutical and biotechnology companies to produce high-quality, regulatory-compliant medications and therapeutic treatments due to the rising prevalence of chronic diseases worldwide.
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Bioreactors Market: Market Dynamics
The increased collaborations among stakeholders are a key factor driving market growth. To enhance their market share and become a dominant player in the global bioreactors market, many of these partnerships with undertakings have led to the development of a strong client base, technology, financial capacity as well and R&D capabilities.
The availability of value-added software services is a major trend in the market.
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The cell culture consumables market size is estimated to grow at a CAGR of 22.3% between 2022 and 2027. The size of the cell culture market is forecast to increase by USD 23,729.7 million.
The bioprocess validation market size is estimated to grow at a CAGR of 11.39% between 2022 and 2027. The market size is forecast to increase by USD 280.93 million.
What are the key data covered in this Bioreactors Market Report?
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Type
Market Segmentation by Geography
Drivers, Challenges, & Trends
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