According to the latest report published by Variant Market Research, the global cell and tissue culture supplies market is estimated to reach $36,744 million by 2024, from $17,863 million in 2016; at a CAGR of 9.4% from 2016 to 2024.
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Increasing investments on R&D for cell-based research and tissue engineering to drive the global cell and tissue culture supplies market
The global cell and tissue culture supplies market is driven by factors such as increasing investments on R&D for cell-based research and tissue engineering, growing demand for artificial organs, rising need for serums and vaccines, and among others. Complexity of cell culture techniques and moral concern over mismanagement of animals may hamper the market growth. Furthermore, increasing demand for customized media solutions and third-party contracts would provide an opportunity for market players of cell and tissue culture supplies market.
Market Segmentations
The global cell and tissue culture supplies market has been classified into type, application, and geography. Type segment includes consumable products (media, reagent, sera, contamination detection kits, cryoprotective agents) and instruments (cryostorage equipment, culture systems, biosafety cabinets, pipetting instruments, roller bottle equipment, incubators, & others). Vaccine production, biopharmaceutical production, toxicity testing, gene therapy, drug screening & development, cancer research and other applications are covered under the application sub segment. North America, Europe, Asia-Pacific and Rest of World (RoW) are the key geographical regions are included in the global cell and tissue culture supplies market.
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Instruments, by type, is estimated to dominated the global market in 2016
Instruments held for the highest market share in 2016, and projected to continue the trend during the forecast period, 2016 – 2024.
Biopharmaceutical, by application, is estimated to dominated the global market in 2016
Biopharmaceutical held for the highest market share in 2016, and projected to be dominant during the forecast period, 2016 – 2024.
Asia-Pacific is estimated to witness fastest CAGR from 2016 to 2024
Asia-Pacific is predicted to grow at a fastest CAGR of over the forecast period 2016 to 2024. The growth is attributed to rising need for automated cell culture process, increasing demand for drug discovery and increasing number of people suffer from chronic diseases.
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Competitive Landscape
The key market players of the global cell and tissue culture supplies market are STEMCELL Technologies Inc., VWR International, Wheaton Industries, Inc., Corning, Inc., Thermo Fisher Scientific, Inc., Merck KGaA, Lonza Group AG, Promocell GmbH, Eppendorf AG, and GE Healthcare, among others.
Scope of the Global Cell and Tissue Culture Supplies Market
- Consumable Products
- Media
- Serum Free Media
- Classical Media
- Specialty Media
- Lysogeny Broth
- Chemically Defined Media
- Protein Free Media
- Reagent
- Protease Inhibitors
- Growth Factors & Cytokines
- Thrombin
- Albumin
- Amino Acids
- Other Reagents
- Sera
- Fetal Bovine Serum
- Other Seras
- Contamination Detection Kits
- Cryoprotective Agents
- Media
- Instruments
- Culture Systems
- Tissue Culture Flasks
- Multiple Well Plates
- Roller Bottles
- Bioreactors
- Culture Bags
- Culture Dishes
- Incubators
- Biosafety Cabinets
- Cryostorage Equipment
- Roller Bottle Equipment
- Pipetting Instruments
- Other Instruments
- Culture Systems
Application Segments
- Vaccine Production
- Biopharmaceutical Production
- Toxicity Testing
- Gene Therapy
- Drug Screening & Development
- Cancer Research
- Other Applications
Geography Segments
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Other
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Others
- RoW
- South America
- Middle East
- Africa
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