Tag Archives: Bio process technology

Global Bio-Process Technology Market is expected to reach USD 71 billion by 2022 and expected to show the similar growth in coming years

Market Highlights     

The global bio-process technology market has been witnessing rapid growth since many years and expected to show the similar growth in coming years.

The major factors responsible for this are; increasing awareness of bio-banks, and growth in production of vaccines. In addition to this, wide acceptance of bio-process technology by pharmaceutical companies, industrial chemical manufacturers, hospitals, and research institutes are further boosting the growth of bio-process technology market globally. Bioprocessing techniques are also used in bio-banking that is for preserving cell culture and to increase its shelf life under extremely low temperature known as cryopreservation.