February 23, 2024
Bioreactors Market

Bioreactors Market Is Expected To Grow At A CAGR Of 11% Owing To Extensive Application In Cell And Gene Therapies

Bioreactors are equipment used to cultivate living cells or tissues under highly controlled conditions for production of biologics, vaccines, and therapeutics. They are widely used in cell culture and enzyme engineering. Bioreactors offer distinct advantages over conventional processes such as enhanced control, favorable growth environments, and high product yields. Growing adoption of bioreactors in the biopharmaceutical industry for cell and gene therapies has been a major driver for the market.

The Global Bioreactors Market is estimated to be valued at US$ 23.62 Bn  in 2024 and is expected to exhibit a CAGR of 11%  over the forecast period 2024 to 2030.

Market drivers

The extensive application of bioreactors in developing cell and gene therapies is a major driver for the market. Cell therapies involve cultivation of human cells using bioreactors for drug development and testing. Bioreactors have also emerged as a promising technology for manufacturing viral vectors used in gene and immunotherapy. Growing demand for biologics and investments in biopharma R&D further support the bioreactors market.

PEST Analysis

Political: Bioreactor manufacturing and use is regulated by various governmental agencies like FDA in U.S. and EMA in Europe to ensure safety and efficacy. The regulations require manufacturing authorizations and certificates to allow marketing of biotherapeutic products developed using bioreactors.

Economic: Continuous investments are taking place in biomanufacturing infrastructure and capacity expansion to meet the growing demand for biotherapeutics like monoclonal antibodies. A stable economy favors market growth by enabling higher healthcare spending on advanced therapies.

Social: Patient preferences are shifting towards personalized medicines due to increasing incidence of chronic diseases. Bioreactors facilitate mass production of cell and gene therapies to meet this demand for targeted treatment approaches.

Technological: Continuous bioprocessing using single-use bioreactors coupled with process analytical technology helps improve productivity and quality of biotherapeutic drugs. Advanced cell handling and culture techniques are expanding applications in regenerative medicine and tissue engineering.

The geographical regions where the bioreactors market is concentrated in terms of value are North America and Europe. This is attributed to presence of major pharmaceutical companies, funding for R&D in biologics manufacturing and advances in cell and gene therapy.

Asia Pacific is the fastest growing regional market for bioreactors currently. Factors driving the growth include rising prevalence of chronic diseases, increasing life expectancy, growing pharmaceutical manufacturing sector and significant government support for healthcare infrastructure development and regenerative medicine research in countries like China, India and Japan.

Key Takeaways

Key players operating in the Bioreactors Market Growth are Pfizer, Inc., Novartis AG, Kite Pharma, Inc., Bluebird bio, Inc., Becton Dickinson and Company, Amgen, Inc., Vericel Corporation, uniQure N.V., Spark Therapeutics, Inc., Renova Therapeutics, Orchard Therapeutics plc, Kolon Tissue Gene, Inc., Human Stem Cell Institute, Dendreon Pharmaceuticals, Helixmith Co., Ltd (ViroMed Co., Ltd), Bausch & Lomb Incorporated, and Castle Creek Biosciences, Inc (Fibrocell Technologies, Inc.), among others.

Key opportunities in the market include growing demand for cell-based therapies and tissue engineering. Bioreactors are extensively used for therapeutic drug discovery, vaccine development, and gene therapyvector manufacturing.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it