The single-use bio reactors global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Single-Use Bio Reactors Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The single-use bio reactors market size has grown rapidly in recent years. It will grow from $4.53 billion in 2023 to $5.39 billion in 2024 at a compound annual growth rate (CAGR) of 19.1%. The growth in the historic period can be attributed to biopharmaceutical industry growth, rapid bioprocess development, regulatory support, high adoption rates of precision medicine, rise in healthcare infrastructure.
The single-use bio reactors market size is expected to see exponential growth in the next few years. It will grow to $11.28 billion in 2028 at a compound annual growth rate (CAGR) of 20.3%. The growth in the forecast period can be attributed to personalized medicine and gene therapies, growing of biopharmaceutical research and development, rising healthcare spending, increasing focus on research and development. Major trends in the forecast period include integration of sensors and analytics, closed-system design, customization and modularity, artificial intelligence (ai) and automation, hybrid facilities.
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Scope Of Single-Use Bio Reactors Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Single-Use Bio Reactors Market Overview
Market Drivers –
Increasing demand for pharmaceutical products is expected to propel the growth of the single-use bioreactor market going forward. Pharmaceutical products refer to medications or drugs that are specifically formulated to diagnose, prevent, treat, or cure diseases or medical conditions in humans or animals. Single-use bioreactors play a pivotal role in pharmaceutical production, especially in the manufacturing of biopharmaceuticals such as antibodies, vaccines, and gene therapies. For instance, in June 2022, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a European trade association representing the pharmaceutical industry, the total pharmaceutical production in Europe accounted for $351 billion (€300,000 million) in 2021, with an increase of approximately 5% from $335.2 billion (€286,697 million) in 2020. Therefore, increasing demand for pharmaceutical products is driving the growth of the single-use bioreactor market.
Market Trends –
Product innovations are a key trend gaining popularity in the single-use bioreactor market. Major companies in the market are focusing on launching innovative products for market growth. For instance, in March 2021, Thermo Fisher Scientific Inc., a US-based scientific research and laboratory services company, introduced single-use bioreactors with capacities of 3,000 liters and 5,000 liters, surpassing the conventional size limitations. This response was driven by the significant demand from contract development and manufacturing organizations (CDMOs) and pharmaceutical firms seeking various system sizes. These new systems offer increased scalability, an improved turndown ratio, and enhanced mixing capabilities.
The single-use bio reactors market covered in this report is segmented –
1) By Type: Stirred-Tank SUBs, Wave-Induced SUBs, Bubble-Column SUBs, Other Types
2) By Molecule Type: Vaccines, Monoclonal Antibodies, Stem Cells, Recombinant Proteins
3) By Cell Type: Mammalian Cell, Bacteria, Yeast
4) By Application: Research And Development (R&D), Process Development, Bioproduction
5) By End User: Pharmaceutical And Biopharmaceutical Companies, Contract Research Organizations (CRO), Academic And Research Institutes, Contract Manufacturing Organizations (CMO)
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Regional Insights –
North America was the largest region in the single use bioreactors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the single-use bio reactors market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the single-use bio reactors market include CESCO Bioengineering Co Ltd, PBS Biotech Inc, Solida Biotechnology GmbH, ABEC Inc., Eppendorf AG, Sartorius Stedim Biotech Sa Ltd, Danaher Corporation Ltd, Thermo Fisher Scientific Inc., GE Healthcare, Merck Kgaa (Merck Millipore) Pvt Ltd, Distek Inc, Celltainer Biotech Bv Pvt.Ltd, Getinge AB, Pall Corporation, G&G Technologies Inc, SATAKE MultiMix Corporation, Bio-Age Equipment & Service Pvt.Ltd, Entegris Inc., Avantor Inc., Celartia, Cell Culture Company, Cytiva, Solaris Biotechnology srl., Cellexus International Ltd., Distek Inc., Infors AG, OmniBRx Biotechnologies, Xcellerex Inc., Applikon Biotechnology Inc., BBI-Biotech GmbH
Table of Contents
- Executive Summary
- Single-Use Bio Reactors Market Report Structure
- Single-Use Bio Reactors Market Trends And Strategies
- Single-Use Bio Reactors Market – Macro Economic Scenario
- Single-Use Bio Reactors Market Size And Growth
…..
- Single-Use Bio Reactors Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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