Fitness Trends Bioreactors Market | Page 2

and produces 10 - 30 times higher cell density. Therefore, more quantity of products can be produced by using this single-use bioreactors, with less space and capital cost. Other factors that contribute to growth of the market include low water usage by single-use systems, less floor space requirement, and low risk of cross contamination in single-use system. Furthermore, in 2016, a case study by Cambridge Healthtech Institute stated that by using single-use (SU) bioreactors, there can be an annual savings of US$ 250,000 in water generation for injections and US$ 60,000 in labor time required to set up and cleaning of stainless steel tank. These factors are expected to drive growth of the bioreactors market over the forecast period. Market Regional Insights North America is expected to hold dominant position in bioreactors market due to presence of major biopharmaceutical manufacturing companies. Biopharmaceutical companies such as Gilead Science, Inc., Amgen, and Biogen, Inc. in the U.S. actively conducts research on novel therapies for the treatment of various diseases. Research of therapies associated with oncology such as monoclonal antibodies require usage of bioreactors on small as well as large scale for production purposes. Furthermore, according to the National Centre for Biotechnology Information (NCBI), in 2014, 65.6% of the clinical scale manufacturers and around 42% of the commercial manufacturers used single-use bioreactors to improve their bioprocessing. Europe is expected to witness significant growth rate in the bioreactors market due to increasing usage of bioreactors in biopharmaceutical companies. According to the Organization for Economic Co- operation and Development (OECD), in 2015, around 1,700 biopharmaceutical companies, which utilize bioreactors, are from Europe. Report includes chapters which deeply display the following deliverable about industry : • Bioreactors Market Research Objective and Assumption • Bioreactors Market Purview - Report Description, Executive Summary, and Coherent Opportunity Map (COM) • Bioreactors Market Dynamics, Regulations, and Trends Analysis - Market Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis • Global Bioreactors Market, By Regions • Bioreactors Market Competition by Manufacturers including Production, Share, Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type. • Bioreactors Market Manufacturers Profiles/Analysis including Company Basic Information, Manufacturing Base and Its Competitors. • Bioreactors Market Manufacturing Cost Analysis including Key Raw Materials and Key Suppliers of Raw Materials.