Small-Scale Bioreactors Global Market 2024 To Reach $3.73 Billion By 2028 At Rate Of 14.5%
The Business Research Company's Small-Scale Bioreactors Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UK, August 13, 2024 /EINPresswire.com/ --
The small-scale bioreactors market has experienced robust growth in recent years, expanding from $1.9 billion in 2023 to $2.17 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The growth in the historic period can be attributed to research and development initiatives, rise in biopharmaceutical production, flexibility in process optimization, shift toward personalized medicine, increased focus on cell culture technologies.
Strong Future Growth Anticipated
The small-scale bioreactors market is projected to continue its strong growth, reaching $3.73 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to growing biopharmaceutical pipeline, rising adoption in regenerative medicine, expansion of contract development and manufacturing organizations (cdmos), advancements in microbial fermentation, increasing demand for flexible manufacturing solutions.
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Growth Driver Of The Small-Scale Bioreactors Market
The rising prevalence of chronic diseases is expected to propel the growth of the small-scale bioreactors market going forward. A chronic disease is a form of illness that lasts three months or more and can deteriorate with time. Small-scale bioreactors are crucial for the development and optimization of processes; therefore, they are primarily used in pharmaceutical and biopharmaceutical research and help treat various chronic diseases.
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Major Players And Market Trends
Key players in the small-scale bioreactors market include Sartorius AG, Thermo Fisher Scientific Inc., Merck KGaA, Miltenyi Biotec B.V. & CO. KG, Solaris Biotechnology Srl, Infors AG, Getinge AB.
Major companies operating in the small-scale bioreactors market are focusing on developing customizable small-scale bioreactors for easy handling during process development by pharmaceutical developers and professionals.
Segments:
1) By Product: Reusable Bioreactors, Single-Use Bioreactors
2) By Capacity: 5 ML-100 ML, 100 ML-250 ML, 250 ML -500 ML, 500 ML-1 L, 1L-3L, 3L-5L
3) By Molecules: Monoclonal Antibodies, Stem Cells, Recombinant Proteins, Vaccines, Gene Therapy
4) By End User: Pharmaceutical And Biopharmaceutical Companies, Contract Research Organizations (CROs) And Contract Manufacturing Organizations (CMOs), Academic And Research Institutes
Geographical Insights: North America Leading The Market
North America was the largest region in the small-scale bioreactors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the small-scale bioreactors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Small-Scale Bioreactors Market Definition
Small-scale bioreactors, also known as laboratory-scale or pilot-scale vessels, refer to the process development and optimization that are used for conducting biological experiments, cultivating microorganisms, cells, or tissues, and studying biological processes under controlled conditions. These bioreactors are designed to mimic and simulate the environment necessary for the growth and metabolism of biological cultures.
Small-Scale Bioreactors Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Small-Scale Bioreactors Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on small-scale bioreactors market size, small-scale bioreactors market drivers and trends, small-scale bioreactors market major players, small-scale bioreactors competitors' revenues, small-scale bioreactors market positioning, and small-scale bioreactors market growth across geographies. The small-scale bioreactors market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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