Global Single-use Bioreactor Market is witnessing a high CAGR growth of 21.0% and is expected to reach USD 12.4 Bn by 2027.
The Global Single-use Bioreactor Market is growing significantly due to increasing its use in bioprocessing industries, rising geriatric population, and growing incidence of chronic diseases such as cancer. Moreover, growing R&D expenditure by industries, strong government support in terms of funding for research infrastructure and rising adoption of disposable technology in pharmaceutical and biopharmaceutical ecosystems are expected to leverage the demand of the ecosystem during forecast period. In addition, frequent launch of products and rising number of patents expiration is expected to boost the growth of single-use bioreactor demand during forecast period. However, inflated cost of products and lack of skilled professionals are expected to hinder the growth of single-use bioreactor demand during the forecast period.
Moreover, rising use of single-use bioreactors in various domains of pharmaceutical industry such as drug development, vaccine development, excipient validation, and clinical trials is expected to trigger the growth of single-use bioreactor demand during the forecast period. Besides this, upsurge for biosimilar production in the US market and growing demand for personalized medicines are expected to create significant growth opportunities for single-use bioreactor demand during the forecast period. Single-use bioreactors have limited application in animal cell cultures wherein the oxygen supply & heat loads are low and continuous mixing is not required. Moreover, disposable bioreactor is being alternatively adopted for new drug development by biotechnology industries for small-to-medium quantities of antibodies, vaccines, viruses, and therapeutic proteins.
Covid-19 pandemic has affected the supply chain of pharmaceutical products across the globe. The restrictions on manufacturing process and exporting of products in countries such as Europe, the U.S have promptly declined due to covid-19 spread. On the contrary, pharmaceutical and biopharmaceutical companies started focusing and investing in the development of therapy against coronavirus by using single-use bioreactor for speed and flexibility by reducing other operating expenditure. Thus, single-use bioreactor played a key role during covid-19 and thus creating growth opportunities of market players during the forecast period.
Global Single-use Bioreactor Market by Region Outlook (Revenue, USD Million, 2021-2027)
Based on region, Asia-Pacific market is expected to witness the highest growth during the forecast period due to rising number of manufacturing units and growing biopharmaceutical R&D. Moreover, reduction in automation complexity, emerging biologics market, and rising applications of single-use bioreactors in marine cultivation process are expected to boost the growth of single-use bioreactor demand in this region during the forecast period.
The Global Single-use Bioreactor Market Segmentation:
Global Single-use Bioreactor Market by Product Type Outlook (Revenue, USD Million, 2021-2027)
Global Single-use Bioreactor Market by Type Outlook (Revenue, USD Million, 2021-2027)
Global Single-use Bioreactor Market by Cell Type Outlook (Revenue, USD Million, 2021-2027)
Global Single-use Bioreactor Market by Molecule Type Outlook (Revenue, USD Million, 2021-2027)
Global Single-use Bioreactor Market by Applications Outlook (Revenue, USD Million, 2021-2027)
Key Findings:
Company Profiles and Competitive Intelligence
The key players operating in the single-use bioreactor market are:
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