Exploring the Bioreactors Market: Growth Drivers, Key Players, and Future Trends to 2031


Posted September 20, 2024 by Harshal

According to the latest publication from Meticulous Research®, the bioreactors market is projected to reach $39.96 billion by 2031, at a CAGR of 10.1% from 2024 to 2031.
 
Meticulous Research®—a prominent global market research firm—has published a comprehensive report titled “Bioreactors Market Size, Share, Forecast, & Trends Analysis by Type (Continuous Stirred Tank, Photobioreactor), Bioprocess (Batch, Continuous), Usability (Reusable, Single-use), Scale (Pilot, Industrial), Cell Type, Application, User – Global Forecast to 2031.” This report provides an in-depth analysis of the bioreactors market, which is projected to experience substantial growth over the coming years.

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According to Meticulous Research®, the bioreactors market is expected to reach $39.96 billion by 2031, growing at a compound annual growth rate (CAGR) of 10.1% from 2024 to 2031. This growth trajectory is driven by several key factors, including the expansion of biopharmaceutical production facilities, increased investments in the pharmaceutical sector, and rising research and development (R&D) expenditures. The growing demand for biosimilars and the adoption of single-use technologies in the pharmaceutical and biotechnology industries are also contributing to market expansion. Despite these positive trends, challenges such as the risk of extractables and leachables (E&L) in single-use systems, process scale-up limitations, and environmental concerns related to disposable bioreactors may impact market growth.

Technological advancements play a pivotal role in the global bioreactors market. Hybrid bioreactors, which integrate a new phase of attached biomass into traditional suspended growth systems by introducing carriers into aeration tanks, are gaining traction. These systems offer benefits such as reduced process time and lower environmental impact compared to single-use systems. Additionally, hybrid bioreactors often come with lower installation costs and less supporting infrastructure, making them a more attractive option for many applications. Their shorter downtimes and reduced capital investment requirements are expected to drive their increased adoption in the near future.

The report segments the bioreactors market by various factors including product type, bioprocess, cell type, usability, scale, automation, application, and end user. Key players in the bioreactors market include Thermo Fisher Scientific, Inc. (U.S.), METTLER TOLEDO (U.S.), Merck KGaA (Germany), Eppendorf AG (Germany), Sartorius AG (Germany), Danaher Corporation (U.S.), Donaldson Company, Inc. (U.S.), BBI-Biotech GmbH (Germany), Infors AG (Switzerland), and Pharsol Ltd. (Slovenia).

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In terms of product type, the continuous stirred tank bioreactors segment is expected to hold the largest market share in 2024. This segment's dominance is due to factors such as high volume generation, ease of temperature control, and uniform performance under steady-state conditions. Continuous stirred tank reactors (CSTRs) are economically viable and offer easy construction compared to other systems. For example, Erich Stallkamp ESTA GmbH (Germany) introduced its CSTRs in March 2020, specifically designed for industrial biogas plants, highlighting the ongoing innovations in this space.

The bioprocess segment is expected to see the largest share from batch and fed-batch processing methods. Batch processing involves adding all nutrients or reactants at the beginning of cultivation, creating a closed system that reduces contamination risks. Fed-batch processing, where nutrients are added at specific intervals, is also preferred for similar reasons, including reduced contamination risks and ease of material separation.

Among cell types, mammalian cells are anticipated to hold the largest market share in 2024. Mammalian cell cultures are favored for their simplicity in operations, ease of process validation, and ability to produce complex biomolecules such as monoclonal antibodies and therapeutic proteins. This segment's prominence reflects the growing focus on developing advanced therapies that require sophisticated production methods.

In terms of usability, reusable bioreactors are expected to dominate the market in 2024. These bioreactors, often made from glass or steel, are preferred for large-scale manufacturing due to their lower production costs, resistance to damage from hot reactor liquids, and minimal environmental impact. The demand for reusable bioreactors is supported by their cost-effectiveness and durability.

Regarding scale, pilot-scale bioreactors (10L-200L) are projected to experience the highest CAGR. This growth is driven by the availability of interchangeable vessel sizes, improved bioprocessing capabilities, and enhanced productivity in cell culture and microbial fermentation. Investments in advanced technologies, such as cloud bioreactors, which allow biopharmaceutical companies to conduct product cultivation without physical instruments, also support the growth of this segment. For instance, Culture Biosciences, Inc. (U.S.) received $80 million in funding in November 2021 to develop pilot-scale cloud bioreactors.

In the automation segment, automated bioreactors are expected to capture a significant market share in 2024. These systems offer enhanced product quality, cost savings, and reduced errors due to their fully automated nature, which eliminates the need for manual intervention.

Among applications, commercial production is expected to hold the largest market share in 2024. This is attributed to the increasing demand for biopharmaceuticals, the rise in chronic diseases, and the growing number of personalized and targeted therapies. Regulatory reforms and investments in gene therapies also contribute to the segment's expansion. For example, the Australian government’s $5 billion investment plan for the Medical Research Future Fund includes significant funding for stem cell therapies, driving demand for bioreactors.

In terms of end users, biopharmaceutical manufacturers are projected to hold the largest market share in 2024. This segment's growth is driven by the rising demand for biopharmaceutical products, the increasing prevalence of chronic diseases, and government investments in pharmaceutical and biopharmaceutical research and development. For instance, BioNTech SE (Germany) received $424 million in funding from the German Federal Ministry of Education and Research in 2020 to support mRNA-based COVID-19 vaccine development, illustrating the financial backing supporting the biopharmaceutical industry.

Quick Buy – Bioreactors Market – Global Opportunity Analysis and Industry Forecast (2024-2031), Research Report: https://www.meticulousresearch.com/Checkout/61597559

Geographically, the Asia-Pacific region is expected to witness the highest CAGR. This growth is fueled by an established pharmaceutical market, increasing R&D expenditures, and favorable regulatory policies. The emergence of new biopharma companies in China and government initiatives to expand biopharmaceutical production capacities are key factors driving market growth in this region. As of 2020, over 140 new biotech companies had emerged in China, contributing to the region’s expanding biopharmaceutical sector.

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Issued By Harshal
Country United States
Categories Biotech , Business , Health
Tags bioreactors market , bioreactors market size , bioreactors market share , bioreactors market growth
Last Updated September 20, 2024