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(MoneyNewsWire.Net, October 31, 2017 ) The Latin America Bioreactors Market was worth USD 122.39 million in 2016 and estimated to be growing at a CAGR of 7.13%, to reach USD 172.70 million by 2021. 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.
Key points from TOC:
Introduction
Research Methodology
Overview
Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
Market Segmentation
Strategic Analysis
Market Leaders' Analysis
Competitive Landscape
Market Outlook and Investment Opportunities
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Scope of the report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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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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