Rising Demand for Personalized Medicine Drives Europe Bioreactors Market
The transformation of the healthcare industry from one-size-fits-all to a targeted approach is expanding the demand for personalized medicine. Precision medicine is being considered as one of the most promising approaches to tackle diseases such as cancer, neurodegenerative diseases, and rare genetic conditions. Innovations in the production of personalized medicines are likely to impact the entire sector, and single-use technologies aimed at smaller-volume production have potential applications in protein bioproduction, particularly in downstream processes. Personalized and differentiated approaches to medicine are leading to a need for a wider range of products, many of them for a relatively small number of patients. A fundamentally different approach to the production and delivery of biological products may be required.Precision medicine utilizes the genomic information of an individual to offer targeted treatment for a particular indication. The rising prevalence of a number of chronic diseases has increased the demand for biologics, drugs for orphan diseases, and personalized medicines. For instance, in 2019, the FDA approved 12 personalized medications to address the root causes of disease and further integrate precision medicine with clinical care.
Europe Bioreactors Market Overview
In Germany, new product development, extensive research & development activities in pharmaceutical and biotechnology companies, and the growth of biologics and life sciences drive the market growth. In August 2023, Sartorius, one of the leading suppliers for the biopharmaceutical industry, collaborated with global technology and software leader Emerson to integrate Sartorius's Biostat STR Generation 3 family of bioreactors with Emerson's DeltaVTM distributed control system (DCS).The biotechnology sector in Germany exhibits tremendous growth owing to the presence of numerous biotechnology companies, high-tech research labs, and massive funding for research and development. Moreover, the cutting-edge and high-quality research in the country and the presence of an established market for bioreactors creates lucrative opportunities. The growth of research and development in biopharmaceuticals and biologics is majorly driven by the adoption of various organic strategies by companies in the healthcare industry. For instance, in June 2021, Rentschler Biopharma expanded its production capacity with a 2,000-liter bioreactor to address the increasing demand for complex antibodies, a class of biopharmaceutical drugs with continued high potential. The pharmaceutical sector in the country is growing due to increasing R&D expenditure by pharmaceutical companies. Thus, collaborative research efforts by pharmaceutical and biotechnology companies in the country influence the market.
Europe Bioreactors Market Revenue and Forecast to 2030 (US$ Million)
Europe Bioreactors Market Segmentation
The Europe bioreactors market is segmented based on scale, application, technology, end user, and country. Based on scale, the Europe bioreactors market is segmented into lab-scale production, pilot-scale production, and full-scale production. The pilot-scale production segment held the largest market share in 2022.In terms of application, the Europe bioreactors market is categorized into microbial application, cell culture application, and others. The cell culture application segment held the largest market share in 2022.
By technology, the Europe bioreactors market is bifurcated into fed-batch bioreactors and perfusion bioreactors. The fed-batch bioreactors segment held a larger market share in 2022.
Based on end user, the Europe bioreactors market is categorized into biopharma manufacturers, research and development organizations, and contract manufacturing organization. The research and development organizations segment held the largest market share in 2022.
Based on country, the Europe bioreactors market is segmented into Germany, France, Italy, the UK, Spain, and the Rest of Europe. Germany dominated the Europe bioreactors market share in 2022.
Applikon Biotechnology BV, bbi-biotech GmbH, Cellexus International Ltd, General Electric Co, Merck KGaA, Pall Corp, PBS Biotech Inc, Sartorius AG, Solaris Biotechnology SRL, and Thermo Fisher Scientific Inc are some of the leading players operating in the Europe bioreactors market.
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Table of Contents
Companies Mentioned
- Applikon Biotechnology BV
- bbi-biotech GmbH
- Cellexus International Ltd
- General Electric Co
- Merck KGaA
- Pall Corp
- PBS Biotech Inc
- Sartorius AG
- Solaris Biotechnology SRL
- Thermo Fisher Scientific Inc
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 93 |
Published | June 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 919.86 Million |
Forecasted Market Value ( USD | $ 1732.95 Million |
Compound Annual Growth Rate | 8.2% |
Regions Covered | Europe |
No. of Companies Mentioned | 10 |