Report : Bioreactors Market Forecast to 2027 - Covid-19 Impact and Global Analysis by Product Class (Benchtop (UpTo15 L), Pilot Scale (15– 1000 L), Industrial Scale(>1000 L)), Material (Glass, Stainless Steel, Single-Use), Cell (Mammalian Cells, Bacterial Cells, Yeast Cells, Others); Molecule (Monoclonal Antibodies, Vaccines, Recombinant Proteins, Stem Cells, Gene Therapy, Others); Technology (Wave-Induced Motion SUB, Stirred SUB, Single-Use Bubble Column, Others); End User (Research and development organizations, Biopharma Manufacturers, Contract Manufacturing Organizations (CMOs)), and Geography
Bioreactors Market for Monoclonal Antibodies to Grow at Fast Pace during Forecast Period
According to The Insight Partners market research study on "Bioreactors Market to 2027 – Global Analysis and Forecasts by Cell, Molecule, Technology, and End User". The global bioreactors market is expected to reach US$ 5,169.01 Mn by 2027 from US$ 2,958.50 Mn in 2019. The market is estimated to grow at a CAGR of 7.3% from 2020 to 2027. The report provides trends prevailing in the global bioreactors market and the factors driving or restraining the market growth.
The global bioreactors market, based on molecule, is segmented into monoclonal antibodies, vaccines, recombinant proteins, stem cells, gene therapy, and others. The monoclonal antibodies segment held the largest share of the market in 2019. However, stem cell segment is estimated to register the highest CAGR in the market during the forecast period.
The growth of the bioreactors market is attributed to the increasing research and development activities and rising number of biochemical processes across various domains. Leading companies operating in the bioreactors market are Thermo Fisher Scientific Inc., Applikon Biotechnology BV, Merck KGaA, Sartorius AG, PBS Biotech, Inc., General Electric, Bioengineering AG, Cellexus, Danaher (Pall Corporation), and bbi-biotech GmbH, among others.
The report segments global bioreactors market as follows:
Global Bioreactors Market – By Cell
Global Bioreactors Market – By Molecule
Global Bioreactors Market – By Technology
Global Bioreactors Market – By End User
Global Bioreactors Market – By Geography