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Global Single-use Bioreactors Market 2023 to 2030: Increasing Adoption of SUBs Among Small Companies and Startups Drives Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Single-use Bioreactors Market Size, Share & Trends Analysis Report” report has been added to ResearchAndMarkets.com’s offering.


The global single-use bioreactors market size is expected to reach USD 12.06 billion by 2030, registering a CAGR of 17.19% from 2023 to 2030.

Owing to the rising demand for biopharmaceuticals, coupled with increasing investments in single-use technologies, the market for single-use bioreactors is expected to witness significant growth throughout the forecast period.

Furthermore, the COVID-19 outbreak has positively impacted the market for SUBs. The race to create an effective vaccine against the SARS-CoV-2 virus is being undertaken by numerous biopharmaceutical firms. As a result, the need for single-use bioreactors has drastically increased. For instance, in October 2020, ABEC supplied six 4,000 L single-use bioreactors to the Serum Institute of India, for the production of COVID-19 vaccines on a large scale at a reasonable cost.

The value of the product, the time required for product development and production, in addition to the criticality of the phase are now influencing the industry’s propensity to employ single-use bioreactors. In addition, the medical industry has a significant demand for these single-use bioreactors. As a result, pharmaceutical companies use these reactors to make medicines without having to compromise on their quality.

The flexibility of using single-use bioreactors is one of their main benefits. The growing trend toward multi-drug facilities necessitates the manufacture of various medications utilizing the same facility, in the shortest amount of time, and for the least amount of money. Thus, it will increase the demand for single-use bioreactors and further fuel market growth.

Single-use Bioreactors Market Report Highlights

Key Attributes:

Report Attribute Details
No. of Pages 160
Forecast Period 2022 – 2030
Estimated Market Value (USD) in 2022 $3304.1 Million
Forecasted Market Value (USD) by 2030 $12060 Million
Compound Annual Growth Rate 17.1%
Regions Covered Global

Market Dynamics

Drivers

Restraints

Challenges

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/55wm8t

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