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01-Jul-2019

By 2025, Bioreactors Market To Have A Promising Future Ahead!

Summary

Merck KGaA, Thermo Fisher Scientific Inc. and Applikon Biotechnology BV - Notable Market Participants in Bioreactors Industry
  • Author Name: Satyajit Shinde
Editor: Satyajit Shinde Last Updated: 19-Jul-2019

The bioreactors market is highly competitive in nature with considerable number of players, having a high level of consolidation overall revenue share. Most of the companies operating in the bioreactors market are present globally and have wide distribution and sales network through partnerships or authorized dealers.

The most notable market participants are Thermo Fisher Scientific Inc., Applikon Biotechnology BV, Merck KGaA, Sartorius AG, Eppendorf, General Electric, Bioengineering AG, Solaris Biotechnology Srl, Danaher (Pall Corporation), and Praj Industries occupying a considerable share of the market owing to their offerings to the market.

The global bioreactors market accounted to US$ 2,850.2 Mn in 2018 and is expected to grow at a CAGR of 6.3% during the forecast period 2019 - 2027, to account to US$ 4,811.5 Mn by 2027.

Market leaders are involved in extensive research for the development of new products and offerings with advanced technology. For instance, in 2017 Millipore Sigma along with Avid Bioservices announced that Avid Bioservices is likely to upgrade its Myford clinical and commercial manufacturing facility with multiple Mobius 2000-L single-use bioreactors of MilliporeSigma. Similarly, in 2017 Merck announced that BioInvent International AB is looking forward to upgrade and expand its drug manufacturing facility with the use of Merck’s Mobius single-use bioreactors.

Many well-known as well as small local companies are present in the market to provide diversified product to its customers. The larger firms are adopting the strategy of acquiring small firms to enhance its product portfolio and expand its footprint in different geographies. Additionally various companies are also undergoing other strategic alliances such as agreements and others to garner their significance and remain competitive in the market. Few on the important key developments from the industry are mentioned below:

Year

News

Region

2018

Bioengineering opened its new branch-office in South Korea. This has helped the company to have a strong presence in the Asian countries.

Europe

2017

Solaris Biotech launched its presence in the USA in the San Francisco Bay Area. The expansion is aimed to provide better service and customer support and to address the rising demand in the US market.

Europe

2018

Pall Corporation introduced iCELLis Nano bioreactor system to make process development and small scale production of virus for vaccines or gene therapy easy and straightforward.

North America

2017

Sartorius Stedim Biotech, signed an agreement with Nova Biomedical (US) for the integration of BioProfile FLEX2 into the ambr multi-parallel bioreactor systems for automated, at-line cell culture analytics. The agreement aims biopharmaceutical companies for developing well-characterized cell culture processes in less time while preventing the process development bottleneck being shifted to the analytical laboratory

Europe

For more details visit: https://www.theinsightpartners.com/reports/bioreactors-market