Bioreactor Global Market – Overview
Bioreactor is a manufactured device in a shape of vessel in which a chemical process is carried out, where biochemical products are formed from human waste, organic waste, plant cells, and many others. These bioreactors are commonly cylindrical, ranging in different size starting from liters to cubic meters and are commonly made up of stainless steel. The Global Bioreactor Market was valued at US$ 603.91 Mn in 2020 and is expected to reach US$787.57 Mn by 2030.
Some of the primary market participants are Sartorius AG (Germany), Thermo Fisher Scientific Inc. (U.S.), Merck KGaA (Germany) and GE Healthcare (U.S.), Danaher Corporation (U.S), Eppendorf AG (Germany), BBI - Biotech (Germany), Biotron (Switzerland), Cellexus (UK), Fermentec (South Korea), Finesse (USA), Zenith (India) amongst others.
Focus of the report
- CAGR values in the market for the forecast period
- Key trends in the market place
- Major players and brands
- Historical and current market size and projection up to 2030.
- Detailed overview of parent market
- Changing market dynamics of the industry
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Bioreactor Market, By Application
Stem Cells hold the largest market share in terms of revenue and it is also anticipated to be the fastest growing segment in the future. The stem cells and their derived products offer great biomedical application such as cell therapy, tissue engineering, regenerative medicine and drug screening. Large scale expansion is needed to produce standardized stem cells with good biological parameters for clinical application. Bioreactor system provide controllable and standardized conditions for stem cell culture. This has led the rapid and fast paced growth in the bioreactor market.
Bioreactor Market, By Region
On the basis of geography, North America accounted for major share in 2017 for the market globally. Bioreactor apparatus is used in the biotechnological production of substances such biofuels, biochemicals, fertilizers & pesticides and for the bioconversion of organic waste. The presence of large number of bio-manufacturing industries in North America is one of the major factor responsible for the growth in bioreactor market.
Competitive Landscape
This report provides both, qualitative and quantitative research of the market, as well as integrates worthy insights into the rational scenario and favored development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The companies are adopting various strategies such as mergers and acquisition, collaborations, affiliations, and contract. For each company, the report recognizes their corporate headquarter, competitors, product/service type, application and specification, pricing and gross margin.
Why Buy this Report?
- Extensive analysis on latest trends and growth opportunities in different regions across the globe
- Comprehensive assessment on recent technological advancements and forecast of the upcoming period
- A comparative analysis of leading players and emerging players in the Bioreactor market
- Authentic information on new product launches, organic and inorganic strategies, and more
- Valuable insights on the impact of regulatory framework on the global Bioreactor market
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