Report ID: SQMIG35H2293
Report ID:
SQMIG35H2293 |
Region:
Global |
Published Date: November, 2024
Pages:
177
|
Tables:
144 |
Figures:
72
Bioreactors Market size was valued at USD 1.46 Million in 2023 and is poised to grow from USD 1.58 Million in 2024 to USD 2.89 Million by 2032, growing at a CAGR of 7.9% during the forecast period (2025-2032).
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.
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Report ID: SQMIG35H2293