Bioreactors Market Size, Share, Growth Analysis, By Materials (Glass, Stainless Steel), By Usage (Lab-Scale Production, Pilot-Scale Production, Full-Scale Production), By Control Type (Manual, and Automated) By Region - Industry Forecast 2024-2031

Global Bioreactors Market size was valued at around USD 1.35 million in 2022 and is expected to rise from USD 1.46 million in 2023 to reach a value of USD 2.68 million by 2031, at a CAGR of 7.9% over the forecast period (2024–2031).

The use of bioreactors in the pharmaceutical sector is increasing driving bioreactors market growth. Bioreactors are vital for the development and improvement of various procedures due to which they are mostly used in pharmaceutical and biopharmaceutical research. Many industrial procedures also require bioreactors to use as subjects or for cultivating various organisms utilized for treating chronic illnesses. However, most pharmaceutical products use bioreactors in controlled conditions. Furthermore, the demand for monoclonal antibiotics is also increasing rapidly, contributing to the growth of the bioreactors market. Government bodies are also investing in funds along with private organizations to increase the production of various vaccines for different diseases. There is also subsequent demand for single-use bioreactors, which is also generating a large amount of revenue and expanding the bioreactors market. The pharma and biotechnology sectors are advancing and increasing, contributing to the growth of the bioreactors market. Technological innovation is also playing a vital part in the utilization of advanced bioreactors and different equipment of innovative features.