Cell Culture Media Market Overview:
The Global Cell Culture Media Market, as described by Market Research Future (MRFR), can achieve a market growth by touching a CAGR of 6.9% with a projection to reach USD 2,070.71 Mn by 2023. A cell culture media can be defined as a growth media that can support the growth of cells. The media contains vitamins, amino acids, glucose, inorganic salts, serum, etc. The process may have the need for additional supplementary reagents and sera like hormones, growth factors, trace elements, lipids, and minerals. These are necessary for the growth of cell culture and has the potential to survive in their incubation environment.
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The rapid growth in investment for various pharmaceutical brands, increasing congestion in the pipeline that deals with biopharmaceutical drugs in the pipeline, surge in researches for personalized drugs and others can promote the cell culture media market. But its high price can deter market growth considerably.
Cell Culture Media Market Competitive Landscape:
Companies are getting involved in a more intense way to make sure that their impact lasts long ion the cell culture media market, and they can take the market forward. For this, they are incorporating various tactical moves to ensure better progress in the coming days. MRFR incorporated several companies for the report to get a comprehensive overview of the coming years. These companies are
- Bio-Rad Laboratories Inc. (US)
- Merck KGaA (Germany)
- Lonza (Switzerland)
- Thermo Fisher Scientific Inc. (US)
- Dickinson and Company (US)
- GE Healthcare (US)
- Corning Incorporated (US)
- HiMedia Laboratories (India)
- The Sartorius Group (Germany)
- Sera Scandia A/S (Denmark)
- PromoCell (Germany)
- Fujifilm Holdings Corporation (Japan)
The market for global cell culture media includes product type, application, and end user for a detailed segmentation. The report contains several factorial details that can be explored later for better understanding of the market flow. This report has been bolstered by diverse volume-wise and value-wise take which MRFR’s analysts have curated for better detailing.
By product type, the market for cell culture media includes reagents, media, and sera.
By media, the market for cell culture media comprises stem cell media, classical media, serum-free media, and others. The segment of stem cell media includes mesenchymal stem cells (MSCs), neural stem cells (NSCs), bone marrow, and embryonic stem cells (ESCs).
By application, the market for cell culture media includes tissue-culture & manufacturing, biopharmaceutical, cytogenetic, gene therapy, and others.
By end user, the market for cell culture media encompasses hospitals & diagnostics centers, academic & research laboratories, biopharmaceutical companies, and others.
By region, the global market for dell culture media includes various regions like the Americas, Europe, and Asia-Pacific, where the experimentations regarding the field are quite high. It also includes regions like the Middle East & Africa (MEA) where the growth would be much more cloistered.
The Americas had the reign of the market in the past and is expected to maintain its growth during the forecast period as well. Major manufacturers are expected to make a substantial contribution to the regional market. This region can be segmented into two parts like North America and South America. North America is known for its technological superiority and better skillsets. At the same time better investment possibilities can significantly take the market ahead.
Europe’s market for cell culture media is expected to make a substantial profit from the market due to investment growing big in the research and development field. Various companies are operating from the region, and they are launching various innovation to ensure better market growth.
The APAC market is expected to witness strong growth due to low labor cost and high integration of various technologies. This is happening due to the increasing participation from various organizations who are getting involved in the market by capitalizing on the lowered labor cost, better growth in the healthcare sector and high rate of investment in the sector. India and China are expected to emerge as big markets. However, Australia and Japan are deemed to contribute notably to the market growth.
Cell Culture Media Industry News / Update
In September 2019, Nucleus Biologics announced the launch of their Concierge Media Manufacturing Services. The company has made a name in precision cell culture. This new launch would help the company to accelerate the process of discovery to cure of various treatments and customization as per the demand.
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