logo
logo
Sign in

Small Scale Bioreactors Market is Estimated To Witness High Growth Owing To Increased Adoption of Continuous Manufacturing Processes

avatar
Poonam
Small Scale Bioreactors Market is Estimated To Witness High Growth Owing To Increased Adoption of Continuous Manufacturing Processes

The 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 Overview:

Small scale bioreactors are benchtop bioreactors used for cell culture process development and production of therapeutics. Small scale bioreactors are adopted for small production batches ranging from 1 L to 100 L and are suitable for R&D activities. These bioreactors incorporate various process parameters such as pH, temperature, agitation, and oxygenation, to closely mimic large industrial bioreactor processes.

Market key trends:

Increased adoption of continuous manufacturing processes: Continuous manufacturing using small scale bioreactors is gaining increased adoption in biopharmaceutical production as it offers higher flexibility, improved process control, and reduced waste generation compared to batch processes. Continuous bioprocessing enables 24/7 production, reduced contamination risks, and smaller facility footprints.

High demand for personalized and niche biologics: Growing demand for personalized medicine and orphan drugs is driving increased R&D activities involving small-scale bioreactors. Development of niche biologics requires flexible and customizable bioprocessing solutions which small-scale bioreactors provide. Their suitability for low volume production makes them ideal for developing personalized biologics.

Porter's Analysis

Threat of new entrants: The high R&D costs and capital requirements to operate in this market pose significant barriers for new entrants.

Bargaining power of buyers: Buyers have moderate bargaining power due to the presence of a large number of established vendors providing small scale bioreactors.

Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to the availability of alternative component suppliers in the market.

Threat of new substitutes: Low threat as small scale bioreactors provide specific advantages over large scale bioreactors.

Competitive rivalry: High due to the presence of many global and regional vendors competing on product features and pricing.

SWOT Analysis

Strength: Ability to provide flexible and customizable small-scale bioprocesses. Wide applications in research, process & product development.

Weakness: High initial investment and operational costs. Require specialized skills to operate.

Opportunity: Growing biopharmaceutical industry driving demand. Adoption in academic research and gene therapy.

Threats: Stringent regulatory guidelines. Competition from large scale bioreactors.

Key Takeaways

The global Small Scale Bioreactors Market Growth is expected to witness high growth at a CAGR of 10% over the forecast period due to increasing demand for personalized medicine and cell & gene therapies.

Regionally, North America is expected to dominate the market during the forecast period owing to rising biotechnology research and presence of major vendors in the US. Asia Pacific is anticipated to exhibit the fastest growth rate due to improving healthcare infrastructure and increasing outsourcing of clinical trials to countries like China and India.

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 Kühner AG, Ori Biotech, Aglaris and AdvaBio. Major players are focusing on new product launches and expansions to strengthen their market position.

Read More,

https://www.newsstatix.com/small-scale-bioreactors-market-trends-size-and-share-analysis/


collect
0
avatar
Poonam
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more