Single-use Bioreactors Market Technological Advancements & Forecasts 2028
Single-use Bioreactors Industry Overview The global single-use bioreactors market size was valued at USD 2.21 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 17.0% from 2021 to 2028. Increasing adoption of single-use bioreactors among small companies and startups, technological advancements in single-use bioreactors, and advantages offered by these products are key factors driving the market. Furthermore, despite the global COVID-19 pandemic, the market for SUBs has witnessed a significant increase in revenue. Many biopharmaceutical companies are in the race to develop an effective vaccine against the SARS-CoV-2 virus. This has resulted in increased demand for single-use bioreactors. For instance, ABEC has provided six 4,000 L single-use bioreactors to the Serum Institute of India for the large-scale production of COVID-19 vaccines at reasonable costs. Gather more insights about the market drivers, restrains and growth of the Global Single-use ...