The global cell culture market is expected to grow at a CAGR of 9.4% from 2018 to 2024 to reach $11.2 billion by 2024. Global cell culture market is primarily driven by the factors such as, increase in life science research, growing prevalence of chronic diseases, and rising demand for the biopharmaceuticals.
Cell Culture Market By Product [Consumables (Media, Reagents, Sera, FBS, Antibiotics, Growth Factor, Buffer), Equipment (Bioreactor, Centrifuge)], Application (Biopharmaceutical, Cancer, Stem Cell), And End User (Pharma, Research)- Global Forecast To 2024
Don’t miss out on business opportunities @ https://www.meticulousresearch.com/product/cell-culture-market/
The demand for bioproduction is growing across the globe. Citing the growth potential, manufacturers are focusing on development and commercialization of various biopharmaceutical products such as monoclonal antibody, vaccines, therapeutic proteins, and others.
Increasing Life Science Research
Increasing Prevalence of Chronic Diseases
Growing Demand for the Biopharmaceuticals
High Cost of Cell Culture Research
Handling and Optimization of Protocol for In Vitro Study
Transition from Animal-Based Diagnosis to In-Vitro Cell-Based Diagnosis
Download free sample report @ Cell Culture Market Research
The consumables contributed the largest share due to their frequent usage in large quantity for research and commercial bioproduction applications, academic research, and clinical diagnostic applications.
Based on application, bioproduction segment commanded the largest market share. This segment is also expected to witness the fastest growth attributed to growing research activities related to biopharmaceuticals and rising demand for biopharmaceuticals for treatment of various critical illnesses.
Pharmaceutical and biotechnological companies are the major end users owing to the fact that the cell culture consumables and equipment are largely consumed by them for bioproduction. In addition to this, the expansion of the current manufacturing capacities for biopharmaceuticals will further boost the demand for cell culture products.
This research report analyzes major geographies and provides comprehensive analysis of North America (the U.S. and Canada), Europe (Germany, Italy, France, the U.K., Spain, and RoE), Asia-Pacific (Japan, China, India, and RoAPAC), Latin America, and the Middle East & Africa. North America captured a significant share in 2017, while Asia Pacific is expected to register the fastest CAGR during the forecast period.
Key players analyzed in the global Cell Culture Market report include Fujifilm Corporation (Japan), HiMedia Laboratories (India), Merck Group (Germany), GE Healthcare (U.S.), Agilent Technologies, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), PromoCell GmbH (Germany), Lonza (Switzerland), Corning Inc. (U.S.), Becton Dickinson (U.S.), CellGenix GmbH (Germany), InvivoGen (U.S.), Sartorius (Germany), and Eppendorf (Germany) among others.
Speak to Our Analyst and gain crucial industry insights that will help your business grow: