Analysis of Bioreactor Market applications and companies’ active in the industry

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Bioreactor Market to surpass 1.9 billion by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Bioreactor Market

• Bioreactor Market size is set to exceed USD 1.9
  billion by 2024 according to a new research
  report by Global Market Insights, Inc.
• Rising chronic disease prevalence and growing
  research in the field of biopharmaceuticals will
  drive the global bioreactor market size.
  Increased focus of biopharmaceutical companies to
  develop effective treatment options for orphan
  diseases should fuel industry growth.
• Personalized medicines are changing the way many
  diseases are identified, classified, and treated.
  The growing personalized medicine market that
  involves a focused population base will further
  drive the bioreactor market size. A new
  manufacturing technology has evolved to provide
  more personalized drug products such as 3D
  bioprinting.

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Continued...

• Technological advances in manufacturing
  technology should improve flexibility, quality
  and scalability of operations with low capital
  and energy requirements. Innovative methods and
  analytical tools are projected to enhance process
  robustness, accelerate scale-up to industrial
  production and drive efficient use of resources.
• Biopharmaceuticals are individualized products
  with highly specific manufacturing requirements.
  Advanced biopharmaceutical manufacturing
  technologies have enabled the development of
  effective drug delivery systems and drug device
  combination products. Increased collaboration in
  biopharmaceutical industry through partnerships
  with medical device manufacturers, diagnostic
  developers, academic institutions should propel
  business growth.

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U.S. Bioreactor Market Share, By Technology, 2016)

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360 Analysis

• Application Trends
• Monoclonal antibodies generated over USD 190
  million in 2016 owing to increasing application
  in treatment of asthma, breast cancers,
  rheumatoid arthritis, psoriasis, leukemia,
  chronic gastrointestinal inflammatory disease,
  and transplant rejection. Advanced bioprocess
  equipment that meets the specific demands for mAb
  production should accelerate the growth.
• Regional Trends
• U.S. bioreactor market will exceed USD 600
  million estimation by 2024. Increasing number of
  biopharmaceutical companies responsible for
  bringing new medicines to patients and their
  collaborations with venture capital firms,
  academic institutions, and patients will drive
  the regional industry share.
• Competitive Market Share
• Some of the major players in the bioreactor
  market include Sartorius, GE Healthcare, Thermo
  Fisher Scientific, Eppendorf, and Merck
  Millipore.Key strategies adopted by the industry
  participants include new product launch, mergers
  and acquisitions, geographical expansion,
  strategic agreements, and collaborations.

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