Bioreactors Market to be Worth $39.96 Billion by 2031
Bioreactors Market Size, Share, Forecast, & Trends Analysis by Type (Continuous Stirred Tank, Photobioreactor), Bioprocess (Batch, Continuous), Usability (Reusable, Single-use), Scale (Pilot, Industrial), Cell Type, Application, User – Global Forecast to 2031
The Bioreactors Market is expected to reach $39.96 billion by 2031, at a CAGR of 10.1% during the forecast period 2024-2031. The growth of the bioreactors market can be attributed to several factors, including the capacity expansion of biopharmaceutical plants, the growing pharmaceutical market, rising pharmaceutical R&D expenditure, the rising adoption of biosimilars, and the growing adoption of single-use technologies in the pharmaceutical and biotechnology industries. Moreover, technological advancements in bioreactor technologies and the rising adoption of personalized medicines and cell & gene therapies are expected to offer growth opportunities for the players operating in this market.
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