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Micro-bioreactors are devices in which raw materials are transformed into biochemical products through the use of organisms or active substances derived from microbes. They support a biologically active environment. Micro-bioreactors are utilized to create the right environment for the growth of microorganisms or for deriving biochemically active substances from these organisms. Increase in the adoption of micro-bioreactors for research activities by biopharmaceutical companies and a rise in the use of biologics are anticipated to drive the global micro-bioreactors market in the next few years. Additionally, government support for the creation of an innovative bio-economy is boosting research and development activities. Incidence of lifestyle diseases such as diabetes has also been increasing. Moreover, the development of novel technology by various life sciences companies is expected to drive the micro-bioreactors market during the forecast period. The micro-bioreactor market is driven by various secondary factors, which include increase in government regulations for manufacturing industries to maintain industrial standards, rise in awareness about the safety of products being manufactured, and increase in research activities across the globe. Manufacturers in the micro-bioreactor market are also emphasizing on advancements in technology.
Establishment of large-scale biotech-manufacturing facilities is likely to cost between US$ 200 million and US$ 500 million, as compared to just US$ 30 million to US$ 100 million required to establish similar-scale small-molecule facilities. Rapid expansion and increasing importance of the industry are producing new challenges and opportunities. Biopharma players must revisit and fundamentally reassess several strategies, technologies, and operational approaches they currently use in order to keep pace.
Enzymes or microorganisms have been used in food preparations for several years. Advancements in technology have led to the development of novel enzymes with a range of applications and specificity, and new application areas are being explored. Microbial enzymes are the preferred source to plant or animal enzymes due to several advantages such as easy, cost-effective, and consistent production. Microbial enzymes play a major role in the food industry, as they are more stable than plant and animal enzymes. Enzymes such as proteases, lipases, or xylanases are extensively utilized in the food industry. Applications of α-amylases in the food industry include baking, brewing, starch liquefaction, as well as a digestive aid. α-amylases are used as glazing agent for the production of rice cakes and powdery foods. Glucoamylases are utilized in the food industry for the production of high-glucose and high-fructose syrups.
North America is projected to account for a major share of the global micro-bioreactors market during the forecast period. North America led the global market, a feat chiefly attributable to the vast technological advancements achieved in the field of bioprocessing systems and the increased adoption of micro-bioreactors. Dominance of North America in the global micro-bioreactors market is also owing to the presence of several biopharmaceutical companies and manufacturers of bioprocessing equipment. Native companies fuelled the demand for micro-bioreactors in the region and are estimated to keep the demand for micro-bioreactors strong in the next few years. The market in Asia Pacific is expected to expand at a robust growth rate due to several factors such as strong economic growth in the region and investments by international biopharmaceutical companies and contract manufacturers aiming to exploit the significant opportunities that the region has to offer. Furthermore, rise in the prevalence of chronic diseases and the resultant rise in demand for biologics are projected to drive the micro-bioreactors market in Asia Pacific.
The global micro-bioreactors market is highly consolidated owing to the presence of several key players. Leading players operating in the global micro-bioreactors market include:
Global Micro-Bioreactors Market, by Type
Global Micro-Bioreactors Market, by Application
Global Micro-Bioreactors Market, by End-user
Global Micro-Bioreactors Market, by Region
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Micro-bioreactors Market
