The Global Cell Culture Media Market is projected to reach USD 1,290.1 million by the end of 2023 at a CAGR of 9.1 % during 2017-2023. The Global Cell Culture Media Market is growing at an impressive rate due to factors such as growing number of biotech firms, growing demand for biotechnology products, high return on investments, technological advancements, etc.
Contamination of cell culture media, presence of heavy trace elements, high cost of the final products, lack of scientific understanding of natural media, issues of reproducibility, quality and specificity especially of natural media, scarcity of serum and animal components, ethical issues regarding use of animal components, etc., may restrain the growth of the market over the forecast period.
A cell culture medium is designed to support the growth of cells, which is composed of appropriate composition of amino acids, vitamins, inorganic salts, glucose, serum, etc. It may contain additional supplementary factors such as growth factors, hormones, etc. depending on the need of different types of cells. Natural media consists solely of naturally occurring biological fluids, while synthetic media have additional components such as serum proteins, carbohydrates, cofactors, vitamins, salts, etc. to natural media. Natural media have poor reproducibility due to lack of knowledge of the exact composition in this natural media. Whereas, chemically defined media contain inorganic and organic ingredients.
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Global Cell Culture Media Market Players:
Some of the key players in this market: Merck KGaA, Corning Incorporated, GE Healthcare, Thermo Fisher, Lonza, BD, HiMedia Laboratories, and others.
Cell Culture Media Market Regional Analysis:
Considering the global scenario of the market, North Americas region is accounted the largest market share of 36.1% in 2016. This market is expected to reach USD 478.7 million by 2023 at a CAGR of 9.5 %. Europe market is expected to be the second largest in terms of regions in the global cell culture market, this market is expected to reach USD 374.3 million at a CAGR of 9.3 % during the forecast period 2017-2023. However, the Asia Pacific market is expected to grow at the fastest CAGR of 9.6 % during the forecast period 2017-2023.
Cell Culture Media Market Segmentation:
Cell culture media market has been segmented on the basis of type, application, and end user.
On the basis of type, the market is segmented into lysogeny broth, chemically defined media, protein free media, serum free media, classical media, custom media, and others.
On the basis of application, the market is segmented into drug discovery and drug development, toxicity testing, cancer research, genetic engineering, tissue engineering & biochemistry, stem cell research, and others.
On the basis of end user, the market is segmented into biotechnology & pharmaceutical companies, research laboratories, academic institutes, pathology labs, and others.
On the basis of region, the market is segmented into North Americas, Europe, Asia Pacific, and the Middle East & Africa.
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Major TOC For Global Cell Culture Media Market Research report forecast to 2023:
1 Report Prologue
2 Market Introduction
2.1 Scope of Study
2.2 Research Objective
2.3 Assumptions & Limitations
2.4 Market Structure
3 Research Methodology
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
4 Market Dynamics
4.1.1 Rise in demand for cell culture media will boost the growth globally (Impact weightage 40%)
18.104.22.168 Facts and information
22.214.171.124 Growth Enhancement Factor
4.1.2 CRO to benefit the market because of competition, economics of production and trade, specialization (Impact weightage – 25%)
126.96.36.199 Facts and information
188.8.131.52 Growth enhancement factor
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