Active use in biotechnology processes lifts the bioreactors and fermenters market

Medical - Mohit Shah - Jun 07,2017

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active use in biotechnology processes lifts the bioreactors and fermenters market

According to analysts, the bioreactors and fermenters market on the global canvas is projected to reach US$4461.0 million in 2024; CAGR growth anticipated to rise at 12.2%. 

Bioreactors and fermenters are primarily used in research institutes and bioprocessing industries. The main application of bioreactors is for the cultivation of mammalian, plants, as well as insect cells, along with large scale production of antibodies, pharmaceuticals, vaccines, etc. On the other hand, Fermenters are employed for the growth and maintenance of a population of fungal or bacterial cells in a controlled mode. Over the years, the market for bioreactors and fermenters has enhanced with the growing application requirement.

According to a research report published by Market Research Hub (MRH), the bioreactors and fermenters market globally is projected to acquire a valuation of US$4461.0 million in 2024 at an impressive CAGR of 12.2%. Considering the product segregation, the market for bioreactors and fermenters consists of the single-use bioreactor and multiple-use bioreactors. These two varieties are the most popular and are utilized effectively in the geographical active market regions comprising North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.

Looking at the influential factors for the growth of the bioreactors and fermenters, it has been analyzed that the increased adoption of hybrid technologies which use single-use and stainless steel systems, along with the growing popularity of single-use disposable bioreactors among biopharmaceutical companies and contract manufacturers, have played a crucial role.

Presently, the major companies operational in the bioreactors and fermenters market include names like Applikon Biotechnology B.V., Danaher Corporation, GE Healthcare, Thermo Fisher Scientific Inc., SOLARIS BIOTECHNOLOGY srl, Eppendorf AG, Finesse Solutions, Inc., Sartorius AG, PBS Biotech, Inc., Merck KGaA, PIERRE GUERIN TECHNOLOGIES and ZETA Holding GmbH.

 

For more information on this report visit- http://www.marketresearchhub.com/report/bioreactors-and-fermenters-market-global-industry-analysis-size-share-volume-growth-trends-and-forecast-2016-2024-report.html