Global Bioreactor Market to Reach US$ 13.2 Billion by 2028, Impelled by Increasing Production of Vaccine

February 23, 2023 | Healthcare

According to the latest report by IMARC Group, titled "Bioreactor Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," the global bioreactor market reached a value of US$ 6.5 Billion in 2022. A bioreactor is an apparatus where cell-free enzymes transform raw materials into biochemical products and less undesirable by-products. It supports a biologically active environment and is commonly cylindrical, ranging in size from liters to cubic meters, and is often made of stainless steel. It comprises an agitator, an oxygen delivery system, a foam control system, a temperature and pH control system, sampling ports, a cleaning and sterilization system, and lines for charging and emptying the reactor. It is developed for use in tissue or bioprocess engineering. Based on the mode of operation, a bioreactor can be categorized as a batch, fed-batch or continuous. It is widely used in sewage treatment to undertake the main purification processes. It is also extensively utilized for producing biomass, metabolites, and antibiotics.

Global Bioreactor Market Trends:

The global market is primarily driven by the increasing product adoption in the biotechnology and pharmaceutical industries to produce vaccines, antibodies, or biologic products. In line with this, the rising product demand in industrial processes to cultivate organisms under controlled conditions is significantly contributing to the market growth. Furthermore, the growing need for monoclonal antibiotics and single-use bioreactors is positively influencing the market. Apart from this, the growing funding from private and government organizations for developing vaccines is catalyzing the market. Moreover, the introduction of advanced bioreactors and the increasing research and development activities for cell culture and microbial applications are propelling the market. Additionally, the rising number of clinical and pre-clinical trial studies is providing a boost to the market. The growing prevalence of chronic diseases is accelerating the demand for personalized medicines, which, in turn, is expected to drive the product demand. Some of the other factors driving the market include the widespread preference for regenerative therapeutics, continual advancements in tissue engineering, and the rapid use of recombinant proteins to treat infections. On account of the factors above, the market is anticipated to reach a value of US$ 13.2 Billion by 2028, exhibiting a CAGR of 12.1% during 2023-2028.

Market Summary:

On the basis of the type, the market has been categorized into glass, stainless steel, and single-use.
Based on the usage, the market has been classified into lab-scale production, pilot-scale production, and full-scale production.
Based on the scale, the market has been segmented into 5L-20L, 20L-200L, 200L-1500L, and above 1500L.
Based on the control type, the market has been categorized into manual and automated.
On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market. Some of the key players include 2mag AG, bbi-biotech GmbH, Bioengineering AG, Eppendorf SE, Getinge AB, Infors AG, Merck KGaA, Pall Corporation (Danaher Corporation), Sartorius AG, Solaris Biotechnology Srl and Thermo Fisher Scientific Inc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Type, Usage, Scale, Control Type, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	2mag AG, bbi-biotech GmbH, Bioengineering AG, Eppendorf SE, Getinge AB, Infors AG, Merck KGaA, Pall Corporation (Danaher Corporation), Sartorius AG, Solaris Biotechnology Srl and Thermo Fisher Scientific Inc.
Customization Scope	10% Free Customization
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Global Bioreactor Market to Reach US$ 13.2 Billion by 2028, Impelled by Increasing Production of Vaccine

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