Friday, 26 April 2024
The North America bioreactors market is expected to reach US$ 2,102.75 Million by 2027 from US$ 1,188.50 Million in 2019; the market is estimated to grow at a CAGR of 7.5% during 2020–2027.
A bioreactor is a manufactured device or system that supports a biologically active environment. In some cases, a bioreactor is a vessel in which a chemical process involving an organism or a biochemically active substance derived from such an organism takes place.
The North America bioreactors market is expected to reach US$ 2,102.75 Million by 2027 from US$ 1,188.50 Million in 2019; the market is estimated to grow at a CAGR of 7.5% during 2020–2027.
A device for growing organisms (yeast, bacteria, or animal cells) under controlled conditions. Used in industrial processes for manufacturing pharmaceuticals, vaccines, or antibodies. It is also used to convert raw materials into useful by-products, such as the bioconversion of corn to ethanol.
Biotechnology is a broad field of biology that utilizes biological systems and organisms to develop or manufacture products. Depending on the tool or application, it often overlaps with the relevant scientific discipline. Biotechnology is the technology of developing or creating various products using biological systems, living things, or parts thereof. Baking brewed bread is an example of a process that is part of the concept of biotechnology (using yeast to produce a desired product).
The North America Bioreactors market is growing along with the Biotechnology industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
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Presently, various biopharma companies, research institutes, and pharmaceutical and biotech companies are engaged in conducting collaborative work to address the global issue of COVID-19 outbreak. This has eventually shifted their focus from new drugdevelopment to vaccine development against this virus strain. However, the diversion of resources from liposome-based drugs development to COVID-19 therapeutics and ventilators, among others, is likely to hamper overall productivity of the drug development industries in the next few years. However, exceptthe manufacturing and sales operations in the bioreactors industry,theutilization of bioreactors, have tremendously increased. For instance, researchers in California are using the bioreactors to analyze the activities of virus, which might assist them in vaccine discovery. These factors are projected to drive the adoption of bioreactors during post-pandemic period in North America.
These factors are expected to offer broad growth opportunities in the Biotechnology industry and this is expected to cause the demand for immunochemistry assays in the market.
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NORTH AMERICABIOREACTORS MARKET SEGMENTATION
By Cell
By Molecule
By Technology
By Country
Companies Mentioned
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