Bioreactors and Fermenters Market Will Gigantic at 5.9% CAGR to Reach 1810 Million US$ by the End of 2025
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Los Angeles, CA -- (SBWire) -- 05/07/2019 --This report studies the Bioreactors and Fermenters market, Bioreactors and fermenters are used for creating proper environment for the growth of microorganisms or driving biochemically active substances derived from such organisms. Fermenters are basically 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.
The global Bioreactors and Fermenters market was 1150 million US$ in 2018 and is expected to 1810 million US$ by the end of 2025, growing at a CAGR of 5.9% between 2019 and 2025.
Bioreactors and Fermenters companies are mainly from United States and Europe, the industry concentrate rate is relatively high. The top three companies are Sartorius AG (BBI), Merck KGaA, Thermo Fisher, with the revenue market share of 16.55%, 15.08% and 11.89% in 2016.
The leading factors to 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 increasing popularity of single-use disposable bioreactors among biopharmaceutical companies and contract manufacturers. The market is also driven due to the rising prevalence of a number of chronic diseases, which has consecutively increased the world's appetite for biologics, drugs for orphan diseases, and personalized medicines. These factors are expected to remain at the helm of all major developments expected to be observed in the global market for bioreactors and fermenters in the next few years.
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This report studies the Bioreactors and Fermenters market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Bioreactors and Fermenters in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Sartorius AG (BBI)
Praj Hipurity Systems
Pierre Guerin (DCI-Biolafitte)
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
Academic and Research Institutes
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