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(Medical-NewsWire.com, September 25, 2017 ) Rising Chronic disease prevalence and increasing biopharmaceutical investments will propel the growth of the market.
Manufacture or production of enzymes, biologically active ingredients like yeast and other materials requires special processing plants that support the biologically active environment. These type of reactors are termed bioreactors. These devices have enormous applications in fields of biochemical engineering, tissue engineering, drug designing and development.
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Factors involved in driving the market forward are product innovation and favourable government initiatives to develop healthcare infrastructure, increasing demand for therapeutically active vaccines, rising chronic diseases prevalence, increase in incidence of lifestyle diseases like diabetes and cancer, rising biopharmaceutical investments. Growing personalized medicine market and increasing popularity for them and increasing popularity of single-use bioreactor among the biopharmaceutical companies will help the market move forward. Conversely, regulatory issues regarding single-use bioreactors, limited storage and vulnerability to leaching may hinder the growth of market. Additionally, large scale disposal of plastic derivatives is an environmental concern restraining the growth.
The Latin America market for Bioreactors is segmented based on Material, Scale, Production Size, Control Type, End Users and Suppliers. Based on Material Glass, Stainless-Steel and Single use. Based on Scale 5L-20L, 20L-200L, 200L-1500L and Over 1500L. Based on Production Size Lab-Scale Production, Pilot-Scale Production, Full-Scale Production. Based on Control Type Manual and Automated (MFCs). Based on End Users R&D Departments, R&D Institutes, CROs, Biopharmaceutical Companies, Biopharmaceutical Manufacturers and CMOs. Based on Suppliers OEMs, System Integrators and EPCs. Based on Geographical analysis the market is separated into regions of Brazil, Argentina, Mexico and Rest of Latin America. Brazil is leading the market while Europe is at second place.
Increasing financial support for development of innovative drugs and increase in no. of biopharmaceutical manufacturers has propelled the growth of the market. Argentina is expected to grow the fastest due to increasing healthcare spending, rising healthcare infrastructure and awareness and rapid medical and technological advancements. CMOs are the major players in terms of end users. Single-use bioreactors are the most widely used one with 41 % share. Glass bioreactors are majorly used for R&D.
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Some of the key players dominating this market include Sartorius AG, Thermo Fisher Scientific, Merck KGaA, GE Healthcare, Danaher Corporation, Eppendorf AG, and major Engineering, Procurement and Construction (EPC) players included in this report are Amec Foster Wheeler plc., Fluor Corporation, Jacobs Engineering Group Inc., M+W Group, PM Group, and Technip S.A.
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