Global Bioreactors and Fermenters market is expected to reach 1810 million US$ by the end of 2025
Published Date: 2019/2/27
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.
The global Bioreactors and Fermenters market is valued at 1150 million US$ in 2018 is expected to reach 1810 million US$ by the end of 2025, growing at a CAGR of 5.9% during 2019-2025.
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