December 13, 2024 08:56 ET | Source: Research and Markets Research and Markets
Dublin, Dec. 13, 2024 (GLOBE NEWSWIRE) -- The "Bioreactors and Fermenters - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering. The global market for Bioreactors and Fermenters was estimated at US$3.3 Billion in 2023 and is projected to reach US$6.7 Billion by 2030, growing at a CAGR of 10.9% from 2023 to 2030. The pharmaceutical and biopharmaceutical industries are the primary drivers of the bioreactors and fermenters market, particularly with the increasing production of biologics and biosimilars. The shift toward personalized medicine and gene therapies, which require scalable and precise cell culture systems, has further accelerated the demand for these devices. Additionally, the bioenergy sector, focused on the production of biofuels and bio-based chemicals, is contributing to market growth, as fermenters are integral to the production of ethanol and other bio-based products. The food and beverage industry also relies heavily on fermenters for the production of fermented goods like beer, wine, and dairy products. The growth in the bioreactors and fermenters market is driven by several factors, including the increasing demand for biologics and biosimilars, advancements in bioprocessing technologies, and the rising focus on sustainability in bio-based product manufacturing. The shift toward single-use bioreactors in the biopharmaceutical industry is a significant driver, as these systems offer greater flexibility and lower capital investment. Additionally, the growing bioenergy sector and the push for renewable energy sources are creating new opportunities for fermenters in biofuel production. The increasing adoption of automation and real-time monitoring technologies is further enhancing the efficiency and scalability of bioreactors, supporting the market's growth trajectory. v cone blender
Some of the 41 companies featured in this Global Bioreactors and Fermenters market report include:
Key Topics Covered: 1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS
For more information about this report visit https://www.researchandmarkets.com/r/fed3yu
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