The global portable bioprocessing bioreactors market is poised for substantial growth, with an impressive Compound Annual Growth Rate (CAGR) of 14.6% projected from 2023 to 2033. According to recent market analysis, the industry is expected to surge from USD 1.73 billion in 2023 to an impressive USD 6.75 billion by 2033.
This remarkable growth is attributed to several key factors driving the demand for portable bioprocessing bioreactors. The field of tissue engineering is experiencing rapid advancements, which, coupled with the increasing utilization of these bioreactors in water treatment and food processing units, is significantly contributing to the market’s expansion.
Portable bioprocessing bioreactors are becoming increasingly popular across a range of industries. Their high portability, efficient power consumption, and ability to deliver effective results make them a valuable asset in various applications. As industries continue to embrace these advantages, the market is set to benefit from a robust upward trajectory.
Elevate Your Business: Our Sample Report to Harness the Enormous Potential of the Portable Bioprocessing Bioreactors Market
Moreover, the production of tissue constructs, recombinant proteins, and pharmaceuticals is fueling the demand for portable bioreactors. Government-funded research and development initiatives in biotechnology and the food industry further contribute to market expansion.
Additionally, the application of bioreactors extends to diverse sectors such as beer production, vinegar manufacturing, flavoring agents, food preservatives, and bread production. Even the cosmetic manufacturing industry leverages portable bioprocessing bioreactors for enhanced efficiency.
As the market continues to evolve, industry players are focusing on innovation and technological advancements to meet the growing demand for portable bioprocessing bioreactors across various sectors.
Key Takeaways:
- The United States market leads North America’s portable bioprocessing bioreactors market in terms of market share in North America. The United States held a market share of 26.3% in 2022 and the growth is attributed to the government-funded research labs, proliferating food and beverages industry, and consumption through modern-age water treatment plants. The North American region acquired a market share of 31.5% in 2022.
- Germany’s portable bioprocessing bioreactors market held a market share of 5.8% in 2022. The market growth is caused by increasing tourist footfall, industry-wise wide adoption, and rising biotechnological advancements. The Europe region held an overall market share of 23.5% in 2022.
- India’s market thrives at a strong CAGR of 17.8% between 2023 and 2033. High consumption of fizzy drinks (Alcoholic and Non-alcoholic), expanding food industry, and a high number of tissue engineering facilities are helping India’s market to accumulate a high market share.
- China’s market also thrives at a CAGR of 18.4% during the forecast period. Experiments in China on human biotechnology and tissue constructs creation are helping the region gain traction in the global market.
- Based on material type, the single segment leads the market as it held a market share of 41.30% in 2022.
- Based on end-user type, the biopharmaceutical industry segment strives as it accumulated a revenue share of 85.7% in the global market in 2022.
Leverage the Insights from Our Full Report Portable Bioprocessing Bioreactors Market to Elevate Your Business Strategy
Competitive Landscape:
The key vendors focus on application-specific bioreactors. Further, the competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
Recent Developments in the Portable Bioprocessing Bioreactors Market:
- Biosan has introduced the RTS-8 Plus, a personal multi-channel bioreactor with non-invasive. This is the real-time OD pH and pO2 measurement machinery.
- GE Healthcare has launched its bioreactor bags with two versions. One contains 10 films and the other with 11 films.
Key Players Profiled in the Market:
- Thermo Fisher Scientific
- Merck & Co. Inc.
- Sartorius Stedim Biotech SA
- Uma Pharmatech machinery
- IKA
- Biosan
- GE Healthcare
- Parker Hannifin Corp
- Avantor Fluid Handling LLC
Key Segments Covered:
By Capacity:
- 1 to 10 L
- 10 to 50 L
- 50 to 100 L
- 100 to 500 L
By End User:
- Biopharmaceuticals industry
- Academic institute
- Research laboratories
By Material:
- Glass
- Stainless Steel
- Single Use
By Control type:
- Automatic
- Manual
By Suppliers:
- Original Equipment Manufacturers
- System Integrators
- Engineering Procurement and Construction
Key Regions Covered:
- North America
- Latin America
- Europe
- Japan
- Asia Pacific Excluding Japan
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube