“Global Bioreactors market set to grow to $1.6bn by 2024” says new Visiongain report
25 March 2019
Visiongain has launched a new pharma report Top 50 Bioreactor Manufacturers : Danaher Corporation, Eppendorf AG, GE Healthcare, Merck KGaA, Thermo Fisher, Sartorius AG, Bioengineering AG and Others.
The biopharmaceutical contract manufacturing market has significantly expanded over the past years. The rising interest of pharmaceutical organizations to enter the biopharmaceutical market will result in consolidation in the form of strategic alliances between contract manufacturing organizations (CMO’s) and large pharmaceutical/biotechnology organizations. This will result in increased investments and access to cutting-edge manufacturing technologies for CMOs.
Factors driving the bioreactors market growth include massive use of hybrid technologies, rise in the rate of adoption of single-use technologies, increasing popularity of single-use bioreactor among biopharmaceutical organizations, and a significant growth in the biologics market. However, regulatory challenges pertaining to single-use bioreactors and issues concerning leachable and extractable linked to single-use bags are some of the factors hampering the growth of bioreactors market.
The lead analyst of the report commented "The bioreactors market is expected to grow over the forecast period owing to the increase in adoption of single use technologies and the growing popularity among pharmaceutical companies regarding the potential benefits of single-use bioreactors. In addition, the use of hybrid technologies in bioprocessing also fuels the market growth. However, there are few restraints which might impede the growth of the market such as regulatory concerns and problems associated to single-use bags which are extractable and leachable."
Leading companies featured in the report include Applikon Biotechnology Inc. (U.S.), BBI-Biotech GmbH (Germany), Bioengineering AG (Switzerland), Danaher Corporation (U.S), Eppendorf AG (Germany), GE Healthcare (A subsidiary of General Electric Company) (U.S.), Merck KGaA (Germany), Sartorius AG (Germany), Solaris Biotech (Italy), Thermo Fisher Scientific, Inc. (U.S.) and others.
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