Perfusion Bioreactor Market Size to Grow USD 1270.7 Million by 2029 at a CAGR of 9.3% | Valuates Reports
BANGALORE, India, Feb. 19, 2024 /PRNewswire/ -- Perfusion Bioreactor Market is Segmented by Type (Small Scale (Less Than 100 Liters), Mid-Scale (100 Liters to 1,000 Liters), Large Scale (More Than 1,000 Liters)), by Application (Biopharmaceutical, Biotechnology)
The Global Perfusion Bioreactor Market was valued at USD 677 Million in 2022 and is anticipated to reach USD 1270.7 Million by 2029, witnessing a CAGR of 9.3% during the forecast period 2023-2029.
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Major Factors Driving the Growth of Perfusion Bioreactor Market:
Growing demand in the biopharmaceutical production sector, where these bioreactors provide benefits including increased cell densities, shortened processing times, and better product quality, is the main driver of the perfusion bioreactor market's development. Further driving market expansion are developments in tissue engineering, regenerative medicine, and cell therapy, which are bolstered by ongoing technical improvements, regulatory backing, and rising investments in biotechnology R&D.
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TRENDS INFLUENCING THE GROWTH OF THE PERFUSION BIOREACTOR MARKET:
The market for perfusion bioreactors is expanding due in large part to the growing need for biopharmaceuticals. The manufacturing of biologics is becoming a greater priority for pharmaceutical firms due to the growth in chronic illnesses and the demand for more potent therapies. Perfusion bioreactors are essential in the production of biopharmaceuticals because they provide benefits such as increased cell densities, shorter processing times, and better product quality.
The need for cutting-edge bioprocessing technologies like perfusion bioreactors is being driven by the quickly developing fields of tissue engineering and regenerative medicine. These bioreactors are essential for the production of complex tissue constructions because they give cultivated cells a constant supply of nutrients and oxygen.
The perfusion bioreactor market is rising due to the increasing interest in cell-based treatments for treating a range of ailments, such as cancer, neurological disorders, and cardiovascular issues. In order to fulfill the growing need for cell-based therapeutics, perfusion bioreactors facilitate the large-scale synthesis of therapeutic cells with improved viability and functioning. Additionally, the capacity to constantly cultivate cells in regulated environments is critical to preserving the efficacy and stability of cell treatments, which propels market expansion even more.
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PERFUSION BIOREACTOR MARKET SHARE:
Key companies in the global perfusion bioreactor market include Eppendorf AG, Pall, GE Healthcare Life Sciences, Sartorius AG, and Thermo Fisher, among others. Over 50% of all manufacturers worldwide are in the top five.
With a share of over 40%, North America is the largest market. Asia-Pacific and Europe are next, both with shares over 40%.
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Key Players:
- Sartorius
- Thermo Fisher
- GE Healthcare Life Sciences
- Pall
- Eppendorf
- ZETA
- 3D Biotek
- Infors HT
- Applikon Biotechnology
- Bioengineering AG
- Cell Culture Company
- Zellwerk GmbH
- PBS Biotech Inc.
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