Global Bioreactors and Fermenters Market Poised for Substantial Growth during 2016-2024, with an Estimated CAGR of 12.2%

In recent years, the global demand for bioreactors and fermenters has augmented. They are widely used in many of the biotechnology processes. A new study, focusing on the driving trends and market current scenario of these bioreactors and fermenter, has been recently broadcasted to the wide repository of Market Research Hub (MRH) and titled as “Bioreactors and Fermenters Market- Global Industry Analysis, Size, Share, Volume, Growth, Trends, and Forecast 2016-2024”. The research is a combination of primary and secondary research, conducted for understanding and arriving at trends, used to forecast the expected revenue of bioreactors used in biopharmaceutical and CROs. Additionally, the report provides estimated market size in terms of US$ Mn for product, process, end user and geography for the period 2015 to 2024.

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Initially, the market report comprises an executive summary, which includes market snap that offers information about various key segments of the market. This report analyzes the current and future prospects of the bioreactors and fermenters market based on product, process, end user and geography. Based on geography, the market has been analyzed for major regions, including Europe, Asia-Pacific, North America, Latin America and Middle East & Africa. Analysts have studied that the global bioreactors and fermenters market is projected to reach US$4461.0 million in 2024 at a CAGR of 12.2% from 2016 to 2024. Within this forecast period, however, the Asia Pacific market for bioreactors and fermenters is expected to be the market with the most promising growth rate.

Bioreactors/fermenters simulate a natural biochemical environment for the optimum growth of cells or tissues in microbial and cell culture. Fermenters are principally utilized for the growth and maintenance of a population of bacterial or fungal cells in a controlled mode. Bioreactors, the large sized fermenters, are widely used in biopharmaceutical industry for the production of biologics such as monoclonal antibodies, recombinant proteins and vaccines at a large scale. Based on process, the market has been segmented into fed-batch, continuous and batch.

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In terms of product type, the market for bioreactors and fermenters has been categorized into single-use bioreactor and multiple-use bioreactors. The revenue generated from product type is evaluated by considering the adoption rate of bioreactors and fermenters across all geographies, a number of product launched, average cost of products, trends in industry, and end-user trends. It has been analyzed leading factors that have boosted the global demand for bioreactors and fermenters in the past few years include the increased adoption of hybrid technologies, which use single-use and stainless steel systems, and the growing popularity of single-use disposable bioreactors among biopharmaceutical companies and contract manufacturers.

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

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This release was published on openPR.