The global bioreactor market is anticipated to grow at a significant CAGR of 10.3% during the forecast period (2021-2027). The bioreactors are large vessels in which aerobic or anaerobic reactions take place and are used for growing organisms such as yeast, bacteria, or animal cells in a biologically active environment. With the growing life science industry globally, bioreactors are extensively being used in the production of monoclonal antibodies, recombinant therapeutics, drug discovery, and so forth. Bioreactors enable the control over temperature, moisture, pH, oxygen, and stirring rate for optimal cell growth and productivity. The factors contributing to the growth of the market are the growing technological advancements in bioreactor design, the growing demand for therapeutically effective vaccines, and new products in development.
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Increasing demand for personalized medicine for effective treatment is one of the major reasons for the growth of this market. The development of precision medicine that is modifying the medical treatment to the individual characteristics, needs, and preferences of each patient has seen positive growth. The bioreactors had proven effective to store medicines for autoimmune disorders, cancer, asthma, and organ rejection. This is augmenting the demand for bioreactors in medical facilities. However, challenges associated with the use of bioreactors such as non-customizable and difficult to scale may hinder the global bioreactor market growth. Additionally, the short shelf-life of industrial microbiology reagents is also creating challenges as well as an opportunity for the bioreactors market. Though, increasing adoption of single-use bioreactors joined with technological innovation and enhanced capabilities are expected to significantly contribute in the near future.
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Global Bioreactors Market Segmentation
By Material
· Stainless Steel
· Single-Use
By Production
· Lab-Scale Production
· Pilot-Scale Production
· Full-Scale Production
· Global Bioreactors Market by End-User
· Biopharmaceutical Companies
· Contract Research Organizations (CRO)
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