Airlift Bioreactor Market Future Outlook, COVID-19 Impact Analysis, Forecast - 2031
The global airlift bioreactor market is expected to grow at a significant CAGR of 10.5% during the forecast period. The growth of the market is mainly driven by the rise in the biopharmaceutical industry and the increasing prevalence of various chronic diseases such as cancer, diabetes, heart diseases, and viral illnesses. According to the Reserve Bank of India (RBI), the Indian Pharmaceutical sector contributed nearly 2% to India's GDP. Moreover, the Indian pharmaceutical market export turnover was $24.2 billion in 2020-21. India's domestic pharmaceutical market was $41 billion in 2021, and likely to grow to $65 billion by 2024, and further expected to reach $130 billion by 2030.
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The market players are focusing on the adoption of various strategies including mergers and acquisitions, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance. in April 2019, Freeline together with Pall Corp. announced the completion of the first full-scale run in Freeline’s newly commissioned Good Manufacturing Practice(GMP) located in Stevenage UK. The Freeline propriety adeno-associated virus (AAV), manufacturing platforms use Pall’s iCELLis bioreactor, which offers highly efficient production of the AVV in a way that maximizes both quality and yield. The collaboration offers Freeline to take the advantage of the small footprint of the bioreactor of Pall. Moroever, in March 2020, Sartorius launched the BIOSTAT STR generation 3 single-use bioreactor and Biobrain automation platform introducing an innovation that change the field of biopharmaceutical process development and manufacturing. Biostat STR simplifies biologics production. This robust industrial platform consists of hardware, software, and consumables for single-use process development and commercial biomanufacturing. Biostat STR bioreactors and Flexsafe STR bags range from 12.5L to 2000L in the working volume.
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Market Coverage
o By Type
o By Usage
o By End User
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
Global Airlift Bioreactor Market Report by Segment
By Product
By Usage
By End-User
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