Pune, India -- (SBWire) -- 11/29/2019 --The Infinium Global Research analyzes the "Bioreactors Market (Scale Range - 5L-20L, 20L-200L, 200L-1500L, and Above 1500L; Material - Stainless Steel, Glass, and Other Materials; Usage - Lab Scale, Pilot Scale, and Full Scale; End-user - R&D Departments, Biopharmaceutical Manufacturers, and Other End-users): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025". The global bioreactors market is projected to grow at a CAGR of 17.4% over the forecast period of 2019-2025.
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Technological Advancement is Anticipated To Create Fruitful Opportunities For the Growth of the Bioreactors Market
The growing demand for single-use bioreactors among the pharmaceutical industry acts as a major driver for the growth of the bioreactor market. Moreover, government support to create an innovative bio-economy has prompted the research and development activities. Hence, the increase in the usage of bioreactor. However, regulatory issues regarding single-use bioreactors are expected to hamper the growth of the global bioreactor market. Moreover, technological advancement is anticipated to create fruitful opportunities for the growth of the bioreactors market. For instance, Ardent Cell Technologies is developing a bioreactor that performs a chemical bath for human tissue.
Biopharmaceutical Manufacturers Segment Held a Major Market Share in the Bioreactor Industry
The report on the global bioreactor market is bifurcated into scale range, material, usage, and end-user. Based on scale range, the markets are further bifurcated into 5L-20L, 20L-200L, 200L-1500L and above 1500L. Based on material, the markets are further divided into stainless steel, glass, and other materials. Based on usage, the markets are further classified into lab scale, pilot scale, and full scale. Based on End-User, the markets are further classified into R&D Departments, biopharmaceutical manufacturers, and other end-users. Among these, the Biopharmaceutical manufacturers segment held a major market share in the bioreactor owing to the increasing demand for oncology drugs.
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North America Holds the Largest Share in the Global Bioreactors Market
North America holds the largest share in the global bioreactors market. The U.S. is the key country that contributes to the largest revenue in the North America bioreactor market as it is one of the leading countries in the pharmaceutical sectors. On the other hand, Europe is accounted to hold maximum share in this market owing to the presence of leading players in this region. Furthermore, Asia Pacific is expected to grow at the highest CAGR over the forecast period. The growing occurrences of chronic disease, product innovation, and favorable government initiative to encourage biotechnological research are some factors responsible for the growth of the Asia Pacific bioreactor market.
Bioreactors Market: Competitive Analysis
The bioreactor market is moderately competitive in nature. The key players in the bioreactor market are Thermo Fisher Scientific, GE Healthcare, Danaher Corporation, Eppendorf AG, The Sartorius Group, Amec Foster Wheeler plc, Fluor Corporation, The Merck Group, Jacobs Engineering Group Inc. and Technip S.A. however, product innovation and technological advancement are the key strategies adopted by the major players in the global bioreactor market.
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=> Comprehensive analysis of global as well as regional markets of the bioreactor.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
