(Health-NewsWire.Net, September 13, 2017 ) Rising Chronic disease prevalence and increasing biopharmaceutical investments will propel the growth of the market.
Bioreactors are complexly designed manufacturing devices which sustains a biologically active environment. Production or Manufacture of vaccines, enzymes and other substances is done by chemical process that involves organisms or biologically active derivatives extracted from organisms. Bioreactors are used for manufacturing these substances and have endless applications in many fields like tissue engineering, Biochemical Engineering, etc.
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Main drivers contributing for the growth of market are rising biopharmaceutical investments, increasing demand for therapeutically active vaccines, rising chronic diseases prevalence, increase in incidence of lifestyle diseases like diabetes and cancer, product innovation and favourable governments initiatives to develop healthcare infrastructure. Growing personalized medicine market and increasing popularity for them and increasing popularity of single-use bioreactor among the biopharmaceutical companies will also aid in growth of market. But, regulatory issues regarding single-use bioreactors, limited storage and vulnerability to leaching may hinder the growth of market. Also, large scale disposal of plastic derivatives is an environmental concern restraining the growth.
The Asia Pacific market for Bioreactors is segmented based on Material, Scale, Production Size, Control Type, End Users and Suppliers. Based on Material - Glass, Stainless-Steel and Single use. Based on Scale – 5L-20L, 20L-200L, 200L-1500L and Over 1500L. Based on Production Size – Lab-Scale Production, Pilot-Scale Production, Full-Scale Production. Based on Control Type – Manual and Automated (MFCs). Based on End Users - R&D Departments, R&D Institutes, CRO’s, Biopharmaceutical Companies, Biopharmaceutical Manufacturers and CMO’s. Based on Suppliers - OEMs, System Integrators and EPCs. Based on Geographical analysis the market is separated into regions of China, India, Japan, South-Korea and Australia. China is leading the market, increasing financial support for development of innovative drugs and increase in no. of biopharmaceutical manufacturers has propelled the growth of the markets. India is expected to grow the fastest due to increasing healthcare spending, rising healthcare infrastructure and awareness and rapid medical and technological advancements. CMO’s are the major players in terms of end users. Single-use bioreactors are the most widely used one with 41 % share. Glass bioreactors are majorly used for R&D.
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Some of the key players dominating this market include Sartorius AG, Thermo Fisher Scientific, Merck KGaA, GE Healthcare, Danaher Corporation, Eppendorf AG, and major Engineering, Procurement and Construction (EPC) players included in this report are Amec Foster Wheeler plc., Fluor Corporation, Jacobs Engineering Group Inc., M+W Group, PM Group, and Technip S.A.
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