Single Use Bioreactor Market worth $470.9 Million by 2019 - New Report by MarketsandMarket
(PRWEB) November 13, 2014 -- The “Single Use Bioreactor Market by Product Type (Recombinant Proteins, Monoclonal Antibodies), Cell Type (Bacteria, Yeast), Technology (Stirred SUB, Single Use Bubble Column Bioreactor), End User (Bio pharmaceutical Manufacturers) - Global Forecast to 2019”, gives a detailed overview of major drivers, restraints, challenges, opportunities, current market trends and strategies impacting the global market along with estimates and forecast of revenue.
Browse 83 Market Data Tables and 53 Figures spread through 180 Pages and in-depth TOC on “Single Use Bioreactor Market”
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The global Single Use Bioreactor Market is expected to reach $470.9 Million by 2019 from $202.5 Million in 2014, at a CAGR of 18.4% from 2014 to 2019.
Factors such as low operational costs, lesser requirement of monitoring and maintenance than traditional bio-reactors, ease in culturing of marine microorganism such as algae, and low energy consumption are the factors driving the growth of the SUB market. In addition, the tremendous growth potential of the biologic market is offering robust growth opportunities to market players. However, low volume capacity and lack of availability of sterilized sensors are hindering the growth of this market.
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The SUB market is segmented on the basis of molecule type, type of cell, technology, end user, and region. Based on molecule type, the SUB market is segmented into monoclonal antibodies (MAbs), vaccines, gene therapy, recombinant proteins, stem cells, and others (growth factors, interferon, antisense, RNA interference). MAbs accounted for the majority of the global SUB market in 2014.
On the basis of type of cell, the SUB market is broadly classified into mammalian cells, bacterial cells, yeast cells and others (insect cells and plant cells). Mammalian cells are the largest and fastest-growing segment of the SUB market. The large share of this market can be attributed to the higher efficacy of bio-molecular expressed by mammalian cells.
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The technology segment is categorized into the wave-induced motion SUBs, stirred SUBs, single-use bubble column bio-reactors, and others (single-use reactors with vertically perforated discs and single-use hybrid reactors). The wave-induced motion SUB segment accounted for the largest share and is estimated to grow at the fastest rate in the forecast period.
Based on end users, the Single Use Bioreactor Market is segmented into R&D department (CROs, bio pharmaceutical manufacturers, and research institutes) and bio pharmaceutical manufacturers. The R&D end-user segment accounted for the major market share in 2014. The bio pharmaceutical manufacturers segment, on the other hand will witness the highest growth rate.
On the basis of region, the SUB market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). In 2014, Europe is expected to account for the largest share of the SUB market, followed by North America. Both markets are estimated to register double-digit growth rates over the next five years. However, Asia-Pacific is expected to register a higher growth rate during the forecast period, owing to huge investment opportunities available to biologic manufacturers in this region. Growth of the SUB market in the Asia-Pacific region will revolve around China, India, Australia, South Korea, Taiwan and countries in the Middle East.
Major players operating in the Single Use Bioreactor Market are Thermo Fischer Scientific, Inc. (U.S.), Sartorius AG (Germany), Merck KGaA (Germany), GE Healthcare (U.S.), and Pall Corporation (U.S.).
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