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The bioreactors market size is projected to reach US$ 6,570.76 million by 2030 from US$ 3,643.00 million in 2022. The market is expected to register a CAGR of 7.65% during 2022–2031. Technological advancements in bioreactors are likely to remain a key trend in the market.
Bioreactors Market Analysis
Numerous cell types, such as mammalian cell lines, stem cells, and insect cells, can be grown on a large scale in bioreactors. Numerous uses for cell culture in bioreactors exist, such as the development of gene and cell therapies as well as the manufacture of vaccines, viral vectors, and antibodies. When establishing these bioprocesses, there are numerous things to take into account, such as optimizing crucial process variables, selecting the best feeding plan, and guaranteeing bioprocess scalability. The increasing adoption of single-use bioreactors and the rapid growth of the pharmaceutical and biotechnology industry are the key driving factors behind the market development.
Bioreactors Market Overview
The pharmaceutical sector has expanded at a rate never seen before in recent years. Large pharmaceutical corporations and contract research organizations, or CROs, are developing novel therapeutics and medications to address a broad spectrum of conditions. The market for biopharmaceuticals is expanding. The high demand for biologics and biosimilars has fueled the industry's rapid expansion. One of the biggest drivers of the economy is the biopharmaceutical sector. The United States leads the world in biopharmaceutical R&D and is the largest market for these products. The US holds the most significant number of patents for novel medications and conducts more than half of global pharmaceutical R&D (worth US$ 75 billion), according to the Pharmaceutical Research and Manufacturers Association (PhRMA). In addition to expanding economies, rising economies like Brazil, China, and India are experiencing fast expansion in their research environments. The sector is expanding due to factors like growing approvals for biologics, a growing pipeline for biosimilars, and more investment in research and development.
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Bioreactors Market: Strategic Insights
Market Size Value in US$ 3,643.00 million in 2022 Market Size Value by US$ 6,570.76 million by 2030 Growth rate CAGR of 7.65% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Bioreactors Market: Strategic Insights
Market Size Value in | US$ 3,643.00 million in 2022 |
Market Size Value by | US$ 6,570.76 million by 2030 |
Growth rate | CAGR of 7.65% from 2022 to 2030 |
Forecast Period | 2022-2030 |
Base Year | 2022 |
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Speak to AnalystBioreactors Market Drivers and Opportunities
Emerging Use of Single-use Bioreactors Favors the Market Growth
Single-use bioreactors shorten production turnaround times and lower the chance of contamination. Single-use bioreactors have become more common in contemporary biopharmaceutical processes in recent years due to their exceptional capacity to improve flexibility, lower investment, and control operating costs. Additionally, a lot of businesses have created single-use bioreactors that can produce a variety of medicines. Thermo Fischer Scientific, for example, introduced the 3,000 L and 5,000 L HvPerforma DvnaDrive single-use bioreactors in March 2021. One significant advantage of single-use bioreactors has been the reduction of validation time. The market is expanding due to the increasing use of single-use bioreactors for upstream bioprocessing. Sartorius AG provides a variety of single-use bioreactors, for example. The business offers Biostat STR for 50-2000L and Ambr 15 for micro bioreactors with a capacity of 10-15 mL. The growing acceptability of single-use bioreactors for the manufacturing of medicines is driving the market for bioreactors.
Rising Demand for Personalized Medicine
With precision medicine, a patient's genetic information is used to provide customized care for a specific condition. The need for biologics, medications for orphan diseases, and customized treatments has surged due to the growing incidence of several chronic illnesses. For example, the National Human Genome Research Institute (NHGRI) announced in February 2020 that it was going to launch a new program focused on genomics and precision medicine. The innovative use of genomics and informatics tools for improved disease diagnosis and treatment is the main focus of this program. It is projected that during the forecast period, the players in the bioreactors market will have substantial growth opportunities due to the increasing demand for personalized medicine.
Bioreactors Market Report Segmentation Analysis
Key segments that contributed to the derivation of the bioreactors market analysis are scale, application, technology, and end user.
- Based on scale, the bioreactors market is divided into lab-scale production, pilot-scale production, and full-scale production. The lab-scale production segment held the most significant market share in 2022.
- By application, the market is categorized into microbial application, cell culture application, and others. The cell culture application segment held the largest share of the market in 2022.
- Based on technology, the bioreactors market is divided into fed-batch bioreactors and perfusion bioreactors. The fed-batch bioreactors segment held the most significant market share in 2022.
- By end user, the market is segmented into biopharma manufacturers, research and development organizations, and contract manufacturing organizations. The research and development organizations segment held the largest share of the market in 2022.
Bioreactors Market Share Analysis by Geography
The geographic scope of the bioreactors market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The US, Canada, and Mexico make up the three segments of the North American bioreactor market. The biopharmaceutical and biotechnology industries' growing need for bioreactor systems, the existence of market participants, and the expansion of R&D by numerous academic and research institutions are all factors contributing to the growth of the bioreactor systems market in North America. Furthermore, the bioreactors market in North America is anticipated to grow as a result of increased research being conducted by pharmaceutical and biotechnology companies. The Canadian market is strengthened by the abundance of pharmaceutical companies that sell their goods internationally. For example, businesses in British Columbia, Saskatchewan, Alberta, Manitoba, Ontario, and Quebec include Amgen, Xenon Pharmaceuticals, Zymeworks, Gilead Sciences, Abbott, Alphora Research, Amgen, Apotex, Astellas, Merck, AbbVie, Bristol-Myers Squibb, Caprion Biosciences, Charles River Laboratories, GlaxoSmithKline, Pharma, AstraZeneca, Baxter, Bayer, and Cipher Pharmaceuticals. The market has grown as a result of Canada's biopharmaceutical industry's notable expansion. Furthermore, large-scale research and development (R&D) endeavors by pharmaceutical companies via collaborations lead to supplementary investments in venture funds and small and medium-sized businesses (SMEs). The scope of the pharmaceutical sector market in Canada is further expanded by the increasing number of contract research organizations and contract manufacturing organizations (CROs and CMOs) that serve both domestic and foreign clients.
Bioreactors Market Report Scope
Bioreactors Market News and Recent Developments
The bioreactors market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the bioreactors market are listed below:
- Getinge is extending its bioreactor offering by introducing the Single-Use Production Reactor (SUPR) system, which initially is available in 50-liter and 250-liter sizes. Based on the same proven platform as Getinge’s smaller bioreactors, the SUPR system helps operators to bring life-saving medicines faster to market, aiming to improve people’s quality of life. (Source: Getinge, Press Release, 2024)
- Global technology and software leader Emerson has collaborated with Sartorius, a leading international biopharmaceutical company, to natively integrate Sartorius’s Biostat STR Generation 3 family of bioreactors with Emerson’s DeltaV distributed control system (DCS). The Biostat STR Generation 3 for Emerson’s DeltaV, a variant of the Biostat STR Generation 3 family, is a pre-engineered solution that delivers intuitive connectivity for accelerating and simplifying the process of bringing therapies that improve patient quality-of-life to market. (Source: Emerson Electric Co., Press Release, 2023)
Bioreactors Market Report Coverage and Deliverables
The “Bioreactors Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Bioreactors market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Bioreactors market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Bioreactors market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the bioreactors market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Scale, Application, Technology, End User, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Technological advancements in bioreactors are likely to remain a key trend in the market.
North America dominated the bioreactors market in 2022
Sartorius AG, PBS Biotech, Merck KGaA, Cellexus International Ltd, General Electric Co, Thermo Fisher Scientific Inc, bbi-biotech GmbH, Pall Corp, Applikon Biotechnology BV, and Solaris Biotechnology SRL
Key factors driving the market are the emerging use of single-use bioreactors and the rapid growth of the pharmaceutical and biotechnology industry.
The market is expected to register a CAGR of 7.65% during 2022–2030.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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