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Small Scale Bioreactors Market is driven by increased demand for monoclonal antibodies

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Purvaja
Small Scale Bioreactors Market is driven by increased demand for monoclonal antibodies

Small scale bioreactors are equipment used for cultivating microbial or cell cultures in small-scale processes such as research and development. Small scale bioreactors are used for applications like vaccine development, gene therapy, fermentation processes for food and beverages, drug discovery, and other industrial fermentation processes. They provide controlled growth conditions that mimic more large-scale industrial operations. Small scale bioreactors come with advanced features like temperature, pH control, agitation, and supply of gases like oxygen and CO2, making them ideal platforms for cell culture optimization and scaling up processes.

The global Small Scale Bioreactors Market is estimated to be valued at US$ 1508.86 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends in the small scale bioreactors market is the rising demand for development of monoclonal antibodies. Monoclonal antibodies have wide applications in treatment of various diseases such as cancer, infectious diseases, and autoimmune disorders. Small scale bioreactors help researchers in optimizing cell culture conditions for large-scale production of monoclonal antibodies in an economic manner. They allow running miniaturized processes in parallel to test effects of different parameters on cell growth and antibody production. With growing monoclonal antibody therapeutics market, demand for small scale bioreactors is also expected to rise in coming years to support research and development activities. Other trends driving the market include increasing government funding for cell-based research and focus on personalized medicine.

Porter's Analysis

Threat of new entrants: Low due to presence of few established players and requirement of large capital investments and technical expertise.

Bargaining power of buyers: Moderate due to availability of substitute products. However, customized bioreactors according to specific requirements give some bargaining power to buyers.

Bargaining power of suppliers: Low due to availability of substitute raw material suppliers and components suppliers globally.

Threat of new substitutes: Low as bioreactors have limited substitutes for certain applications like monoclonal antibody production, cell culture production.

Competitive rivalry: Intense due to presence of global players and differentiated product offerings.

Key Takeaways

The global Small Scale Bioreactors Market Demand is expected to witness high growth over the forecast period. The global Small Scale Bioreactors Market is estimated to be valued at US$ 1508.86 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030.

North America region currently dominates the market owing to presence of major players and growing biopharmaceutical industry in the US. The Asia Pacific region is expected to witness fastest growthdue to increasing outsourcing of clinical trials to countries like China and India as well as growing biotechnology sector.

Key players operating in the small scale bioreactors market are Merck KGaA ,Danaher Corporation, Getinge AB, Sartorius AG ,Thermo Fisher Scientific Inc. , Lonza Group, Eppendorf AG , Miltenyi Biotec ,Solaris Biotechnology Srl, Infors AG, Biosan, MicroDigital Co. Ltd., 2mag AG, MDX Biotechnik International GmbH, Esco Lifesciences Group, HiTec Zang GmbH, Hanil Scientific Inc., Adolf Kü hner AG, Ori Biotech , Aglaris and AdvaBio.

For more details on the report, Read- https://www.pressreleasebulletin.com/small-scale-bioreactors-market-size-and-share/


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