Factors such as the increasing adoption of single-use bioreactors and rapid growth of the pharmaceutical and biotechnology industry are the key drivers behind the market development. However, the stringent regulatory framework is hampering the market growth.

Rising Demand for Personalized Medicine Creates Opportunities for the Bioreactors Market.

The transformation of the healthcare industry from one-size-fits-all to a targeted approach is expanding the demand for personalized medicine. Precision medicine is being considered as one of the most promising approaches to tackle diseases such as cancer, neurodegenerative diseases, and rare genetic conditions.

Precision medicine utilizes the genomic information of an individual to offer targeted treatment for a particular indication. The rising prevalence of a number of chronic diseases has increased the demand for biologics, drugs for orphan diseases, and personalized medicines. For instance, in 2019, the FDA approved 12 personalized medications to address the root causes of disease and further integrate precision medicine with clinical care. Also, increasing government efforts are strengthening personalized medicine research activities. For instance, in February 2020, the National Human Genome Research Institute (NHGRI) announced to establish a new precision medicine and genomics program. This program will focus on the innovation of genomics and informatics tools for better diagnosis and treatment of disease. The rising demand for personalized medicine is anticipated to offer significant growth opportunities to the players operating in the bioreactors market during the forecast period.

The "Global Bioreactors Market" is segmented on the basis of Scale, Application, Technology, End User, and Geography.

Technology Overview

Based on technology, the bioreactors market is bifurcated into fed-batch bioreactors and perfusion bioreactors. The fed-batch bioreactors segment held a larger market share in 2022.

In fed-batch systems, fresh medium or medium components are continuously, intermittently, or singularly added while the batch volume increases over time. During fed-batch fermentation, the nutritional environment can be maintained at a consistent level. This can prevent the production of byproducts that are typically caused by high concentrations of substrate. By using this method, it is possible to extend the operating time and achieve high cell concentrations, which can lead to improved productivity (measured as mass of product per volume and time). This method is particularly useful in the production of growth-associated products. Due to the advantages mentioned above, the demand for fed-batch bioreactors used for the production of cell cultures is growing.

End User Overview

The bioreactors market, by the end user, is bifurcated into biopharma manufacturers, research and development organizations, and contract manufacturing organizations (CMOs). The research and development organizations segment held the largest share of the market in 2022 and is anticipated to register the highest CAGR in the market during the forecast period.

In industries such as biotechnology, healthcare, and pharmaceuticals, research and development play a crucial role. Research and development organizations are engaged in the processes and activities to innovate and introduce new products, technologies, and services in the bioreactor market. Research and development is also important to accelerate product introductions. The growth of research and development organizations is majorly attributed to the increasing adoption of bioreactors for research and innovation processes. Additionally, the research institutes are investing heavily to boost the bioprocesses, leading to market growth.

The global bioreactors market is segmented by region into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North American regional market is expected to grow with a CAGR of 6.81% from 2022 to 2030.

Bioreactors Market, by Region, 2022 (%)

Source: The Insight Partners Analysis

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 are among the leading market players of bioreactors market. These companies focus on new product launches and geographical expansions to meet the growing consumer demand worldwide and increase their product range in specialty portfolios. They have a widespread global presence, which allows them to serve a large set of customers and subsequently increase their market share.

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