According to the latest report by Reports and Data, the global Bioreactors and Fermenters Market size is expected to reach USD 7.04 billion by 2030, with a compound annual growth rate (CAGR) of 10.0% throughout the forecast period. The increasing popularity of single-use bioreactors among biopharmaceutical companies to cultivate biologics is the primary factor expected to drive market revenue growth.
Bioreactors and fermenters are systems used to produce organisms or cells for various applications, including biopharmaceuticals, basic research and development, chemicals, food and food additives, and other products. Cultivating cells and microbes in bioreactors can save work, time, and lab-space, while also improving the reproducibility and efficiency of cell growth and product formation.
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The increasing focus of biologics manufacturers to scale-up production technologies for biologics is expected to stimulate global bioreactors and fermenters market trends. Additionally, the surging demand for personalized medicines coupled with the rising number of FDA-approved orphan drugs has led to increased bio production, which is expected to offer significant opportunities for industry growth in the coming years.
The report highlights that the single-use bioreactors segment is expected to account for the largest revenue share over the forecast period due to its benefits, including easy setup for continuous processing and ease of use compared to stainless steel bioreactors. The biopharmaceutical companies segment is expected to contribute significantly to the global bioreactors and fermenters market revenue share due to the increasing usage of bioreactors and fermenters for cultivating a broad range of cell types and organisms.
The report also notes that the North American region accounted for the largest revenue share in the bioreactors and fermenters market in 2020 and is expected to register rapid revenue CAGR over the forecast period. The market growth is driven by the growth in the number of bio manufacturing facilities and investments in this region. Moreover, active support from regional governments to boost biologics production by providing funds to life science RD will also contribute to revenue growth of the market over the forecast period.
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Key players operating in the global bioreactors and fermenters market include Sartorius AG BBI, GE Healthcare, Praj Hipurity Systems, Danaher (Pall), ZETA, Thermo Fisher, Pierre Guerin (DCI-Biolafitte), Bioengineering AG, Merck KGaA, Solaris, Applikon Biotechnology, Eppendorf AG, and Infors HT among others. Rising investments by the key industry players for the RD activities will bolster market growth over the analysis period.
The report provides revenue growth forecasts at global, regional, and country levels and analyzes the latest industry trends in each of the sub-segments from 2018 to 2028. The global bioreactors and fermenters market has been segmented based on type, application, and region. The type segment includes single-use bioreactors and multiple-use bioreactors. The application segment includes biopharmaceutical companies, CROs, academic and research institutes, and others. Finally, the regional outlook includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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