Single-Use
Bioreactors Market in terms of revenue was estimated to be worth $4.2
billion in 2023 and is poised to reach $10.0 billion by 2028, growing at a CAGR
of 19.0% from 2023 to 2028 according to a new report by MarketsandMarkets™.
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Factors such as the increasing adoption of single-use
bioreactors among startups and SMEs, lower operational complexity of single-use
bioreactors compared to conventional stainless-steel bioreactors, reduced
energy and water consumption, growing size of the biologics and biosimilars
market, and technological advancements in single-use bioreactors.
Browse in-depth TOC on "Single-Use Bioreactors
Market"
408 - Tables
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TOP Single-Use Bioreactors MARKET PLAYER
The single-use bioprocessing market is highly consolidated
with majority of the market share taken up by key players such as Thermo Fisher
Scientific (US), Danaher Corporation (US), Sartorius Stedim Biotech S.A.
(France), and Merck KGaA (Germany). The key players in this market are
increasingly focusing on strategic expansions, partnerships, and product
approvals to expand their manufacturing capabilities and increase market
presence.
Sartorius Stedim Biotech held the
leading position in the single-use bioprocessing market. Sartorius focuses on
strengthening its position in the market by adopting organic and inorganic
strategies such as product launches and expansions. During the past three
years, Sartorius Stedim Biotech launched SUB systems such as BIOSTAT STR
Generation 3 Single-Use Bioreactor, BIOSTAT RM TX Single-Use Bioreactor, and
BIOSTAT STR. Sartorius acquired Danaher’s Life Science portfolio, which is
complementary to the portfolio of Sartorius’s laboratory and bioprocess
business. the company also expanded their operations in Puerto Rico.
Thermo Fisher Scientific is the
second-largest player in the single-use bioprocessing market. Thermo Fisher
Scientific operates in the single-use bioprocessing market through the life
science solutions business segment. To further increase its share in the
single-use bioprocessing market, the company focuses on growth strategies such
as acquisitions and expansion. the company expanded its business in the US. The
company also made investments worth ~USD 650 million to enhance their
single-use bioprocessing capabilities and increase their market share.
The Asia Pacific region is the fastest-growing region of
the single-use bioreactors market.
Based on the region, the single-use bioreactors market is
segmented into five major regions: North America, Europe, Asia Pacific, Latin
America, and the Middle East & Africa. The Asia Pacific market is expected
to register the highest CAGR during the forecast period. Factors such as the
growing biopharmaceutical industry, rising investments by pharmaceutical &
biotechnology companies, and the growing number of CROs & CMOs in several
Asia Pacific countries are supporting the growth of the market in the region.
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