LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global bioreactors market and the market is poised to grow by USD 1.07 billion during 2019-2023 at a CAGR of almost 7% during the forecast period. Request Free Sample Pages
Read the 119-page research report with TOC on "Bioreactors Market Analysis Report by End-Users (Biopharmaceutical companies, Research institutes, and Contract research organizations), by Geography (North America, Europe, Asia, and ROW), and Segment Forecasts, 2019-2023".
The market is driven by the growing demand for single-use bioreactors. In addition, the emergence of start-ups and continuous technological advances by existing players are anticipated to further boost the growth of the bioreactors market.
Single-use bioreactors are gaining prominence over stainless steel bioreactors as they are easy to set up for continuous processing. They can also be easily converted to fit the requirements of the continuous processing operation in a fed-batch manufacturing process. In addition, these reactors eliminate the need for piping infrastructure and utility, which in turn, minimizes the maintenance cost. Thus, the growing demand for single-use bioreactors is expected to drive market growth during the forecast period.
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Major Five Bioreactors Market Companies:
Danaher is headquartered in the US and operates the business under various business segments such as Life Sciences, Diagnostics, Dental, and Environmental & Applied Solutions. The company offers iCELLis Bioreactor, which provides excellent cell growth conditions for adherent cells.
GE Healthcare is headquartered in the US and offers products through the following business units: Healthcare Systems, Life Sciences, and Healthcare Digital. The company offers Xcellerex XDR 10 single-use stirred-tank bioreactor product for use in small-scale production.
Merck KGaA is headquartered in Germany and has business operations under various business segments, namely Healthcare, Life Science, and Performance Materials. The company offers Mobius Single-use Bioreactors product for use in adherent cell culture applications.
Sartorius is headquartered in Germany and offers products through the following business segments: Bioprocess Solutions and Lab Products & Services. The company offers ambr 15 cell culture product and has introduced a new mini bioreactor vessel for the optimal growth of adherent cells on microcarriers.
Thermo Fisher Scientific
Thermo Fisher Scientific is headquartered in the US and offers products through the following business segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Services. The company offers Open Architecture Single-Use Bioreactors and Integrated Single-Use Bioreactors.
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Bioreactors End-Users Outlook (Revenue, USD Million, 2019-2023)
- Biopharmaceutical companies
- Research institutes
- Contract research organizations
Bioreactors Regional Outlook (Revenue, USD Million, 2019-2023)
- North America
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