Single-use Bioreactor Market: Overview
The growing biopharmaceutical research and development activities, technological advancements in SUB, and growing biologics market are some of the key factors responsible for the growth in the single-use bioreactor market. In addition, reduced water and energy consumption, ease to cultivate marine organisms, and reduced automation complexity are also bolstering demand in the single-use bioreactor industry. Furthermore, small startups and companies are rapidly adopting SUBs, and it creates prospects in the single-use bioreactor industry.
The key manufacturers from single-use bioreactors are working with the companies who are either developing vaccines against coronavirus or testing the developed vaccine. This step will provide an edge to the manufacturers from the single-use bioreactor market. It will provide a positive impact on the growth prospects in the single-use bioreactor industry.
The outbreak of the COVID-19 pandemic has not affected the market of single-use bioreactors at a larger scale. The shipments, production, and supply chains have been manageable in the single-use bioreactor industry. In addition, short as well as medium-term predictability have negligible impact in the single-use bioreactor industry. But there is a decrease in the spending for research and development in the single-use bioreactor vertical. Further, the single-use bioreactor industry has also witnessed a significant decrease in sales.
Single-use Bioreactor Market: Key Trends
There is a rapid increase in the geriatric population across the world. These people are more susceptible to different diseases due to decreased levels of immunity. Considering this situation, the companies from the single-use bioreactor industry are concentrating on biopharmaceutical research and development activities. These biopharmaceutical companies are investing a huge amount in R&D activities compared to other industries. The manufacturers from these companies are also working for product development and to increase the rate of production.
Single-use technologies serve as an integral part of biopharmaceutical manufacturing units. These single-use techniques contribute to a large percentage in small-scale and mid-scale biopharmaceutical manufacturing. This contribution is a larger scale in research and development activities and clinical testing. The merits of single-use bioreactor systems compared to conventional biomanufacturing techniques are giving them the upper hand in the market. It also boosts research and development activities in the single-use bioreactor market.
Asia Pacific region is witnessing significant growth in the single-use bioreactor industry. Less-stringent regulatory policies, skilled labor, and low cost are some of the key features responsible for the growth in the single-use bioreactor market. The availability of skilled labor and economic benefits are also adding value in the single-use bioreactor industry.
Single-use Bioreactor Market: Competitive Dynamics and Key Developments
The hi-tech product makers and pharmaceuticals have announced an investment of multimillion-dollar for the expansion of their manufacturing abilities. For example, Abzena (a pharmaceutical company) has started the installation of the novel 500L BIOSTAT STR. It is a single-use bioreactor that is a part of series of key investments in manufacturing operations and process development in San Diego.
The increasing rate of partnerships between academic institutions and industries are increasing at a significant rate during the past few years. The motive of these collaborations is to leverage resources for research and development activities of different universities and the development of vaccine and commercial therapeutics.
Some of the key players in the single-use bioreactor market include:
Single-use Bioreactor Market: Regional Assessment
The single-use bioreactor market is segmented into five major regions based on geography. These regions include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these five regions, the North American market holds the largest share in the single-use bioreactor industry. The growth in the North American region may be attributed to the presence of major market players and the established biopharmaceutical industry.
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