Global Bioreactors Market Will Grow at a CAGR of 7% During 2019-2023 | Technavio

March 19, 2019 Off By BusinessWire

LONDON–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/Research?src=hash" target="_blank"gt;#Researchlt;/agt;–Technavio has announced the release of their research report on the
global bioreactors market for the forecast period 2019-2023. This
bioreactors market analysis report segments the market by end-users
(biopharmaceutical companies, research institutes, and contract research
organizations) and geography (Asia, Europe, North America, and ROW).

There is a growing demand for single-use bioreactors as these
bioreactors are easy to use when compared to stainless steel
bioreactors. The primary reason being single-use bioreactors can be set
up much more smoothly for continuous processing. A single-use bioreactor
used in a fed-batch manufacturing process can be converted to fit the
requirements of a continuous processing operation. Customization can
only be conducted on the process-specific consumable parts; the vessel
stays the same irrespective of the process mode. In the case of
stainless-steel bioreactor, a similar change would lead to an extensive
revamp of the entire infrastructure of the facility which would result
in additional investments.

The advent of start-ups and continuous
technological advances by current players

The steady growth of the bioreactors market has enabled emerging
start-ups to make use of bioreactor technology for the development of
advanced medical procedures. For instance, companies are seen developing
bioreactors that are capable of performing a chemical bath for a piece
of human tissue for three weeks. High metabolism and weight loss are
being observed when the tissue is reinserted into the body after the
chemical bath process. After processing, the tissues are sent back to
the end-user company’s office to be worked in a bioreactor. Similarly,
other players are also in the process of developing bioreactors at a
low-cost and provide an open solution for end-users. The demand for
bioreactors is expected to increase, as such procedures help in treating
people suffering from obesity.

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“Pharmaceutical companies in Europe are constantly making efforts to
plan and adopt the quality by design approach in their manufacturing
processes as the European region is expected to register the highest
incremental growth during the forecast period. Moreover, several
organizations are seen providing information for testing and aid in
analyzing the laboratory community and further assisting in
infrastructural support to facilitate efficient scientific and technical
cooperation among European member countries. Such factors are augmenting
the use of bioreactors,” says an analyst at Technavio.

To increase their bioreactors market share, manufacturers are focusing
on collaborating with other players in the market. GE Healthcare has
collaborated with Jacobs Engineering Group to develop the Pfizer’s USD
350 million monoclonal antibody manufacturing center in China. Jacobs
Engineering Group has also been involved with other biomanufacturing
facilities such as Merck KGaA, Novartis, and Bristol-Myers Squibb.

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snapshot of the report for a more detailed overview of
the market and the segmentation covered in this report

This bioreactors industry research report provides an in-depth analysis
of the primary drivers, upcoming trends, and challenges that will impact
market growth over the forecast period. The report analyzes the
competitive landscape and offers details on several bioreactors
manufacturers including –

Danaher
GE Healthcare
Merck KGaA
Sartorius
Thermo Fisher Scientific

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem
Market characteristics
Market segmentation analysis

Market Sizing

Market definition
Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison
Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered
Vendor classification
Market positioning of vendors
Competitive scenario

About Technavio

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is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.
Technavio’s report library consists of more than 10,000 reports covering
800 technologies, spanning across 50 countries. Their client base
includes enterprises of all sizes, including more than 100 Fortune 500
companies.

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