Global Bioreactors and Fermenters Market: Overview
The global bioreactors and fermenters market is estimated to expand at a CAGR of 12.2% during the forecast period, 2016-2024. Thus, the market is estimated to gain a valuation of US$ 4,461.0 Mn by 2024.
Bioreactors and fermenters are widely utilized in the creation of appropriate environment for the microorganisms’ growth. Furthermore, these devices are also useful in driving biochemically active substances created by such organisms. Fermenters find application in the development and maintenance of fungal or bacterial cells in a controlled atmosphere. Bioreactors are the bigger versions of fermenters that are extensively used in the biopharmaceutical industry for the production of biologics including recombinant proteins, vaccines, and monoclonal antibodies.
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