Cell Culture Media Market Size, Trends and Growth Analysis by Product Type (Reagents, Media (Classical Media, Stem Cell Media (Bone Marrow, Neural Stem Cells (NSCs), Mesenchymal Stem Cells (MSCs), Embryonic Stem Cells (ESCs) and others), Serum-Free Media and others) and Sera), Application (Biopharmaceutical, Tissue-Culture and Manufacturing, Gene Therapy, Cytogenetic and others), End User and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) – Forecast till 2023
Cell Culture Market Overview
Market Research Future (MRFR) analysed the global cell culture market 2020 across the review period 2017 to2023. As per MRFR assessment, the cell culture market can expand at 9.1% CAGR across the forecast period. By 2023, the worldwide cell culture market is expected to touch USD 1290.1 Mn.
The increased demand for the growth of cell lines, microorganisms, and cells across the developing biotechnological solution can favor the expansion of the cell culture market through the review period. The availability of cell culture in liquid and gel form for different mediums, such as inorganic salts, amino acids, glucose, vitamins, and serum among other vital nutrients boost operational convenience. Thus, can promote the market expansion in the near future. Cell culture is observed to gain traction in the healthcare domain as great efforts are being made in the development of vaccines to combat pandemic.
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In addition, increase in biotechnological firm and their extensive studying of plants and animals to formulate drugs with enhanced therapeutic efficacies can favor the market. The growing adoption of customized drug consumption that is observed to give better relief from clinical burden can support the expansion of the cell culture market through the assessment period. On the contrary, the cell culture market can encounter hindrance in its course of expansion as massive cost of equipment is involved.
Cell Culture Market Segmentation
The segment analysis of the worldwide cell culture market is done by type, end-user, and application.
The type-based segments of the cell culture market are chemically defined media, classical media, lysogeny broth, protein-free media, custom media, and serum-free media. The lysogeny broth rules segment can earn 22.5% share of the worldwide global market in the review period. The chemical media segment can earn about 9.6% CAGR in the forecast period.
The application-based segments of the cell culture market are tissue engineering and biochemistry, toxicity testing, cancer research, genetic engineering, drug discovery and drug development, and stem cell research. The drug discovery and drug development segment can win 23.8% of the world cell culture market.
The end-users-based segments of the cell culture market are research laboratories, biotechnology & pharmaceutical companies, academic institutes, and pathology labs. The biotechnology and pharmaceutical companies that are observed to establish themselves as global leaders can cause the segment earn revenue of about USD 386.5 Mn by 2023.
Cell Culture Market Regional Insights
Trends and factors for the cell culture market is analysed across key regions; the Americas, APAC, Middle East and Africa (MEA), and Europe.
The Americas can secure about the highest share of the global cell culture market by the end of the analysis period. The regional market rise can be attributed to superlative infrastructure, eagerness to deploy developments in practice, technological brilliance, and the presence of considerable patient pool.
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In Europe, gradual increase in investment by the governments of the region and robust growth strategies adopted by key players can promote the expansion of the cell culture market across the analysis period. The giant marketers are engaging themselves the expansion of their product portfolio that can favor EU market. Similar growth inducers are observed for APAC cell culture market for the analysis period.
Cell Culture Market Competitive Outlook
HiMedia Laboratories (India), BD Biosciences (U.S.), Thermo Fisher Scientific (U.S.), Lonza (Switzerland), Merck KGaA (Germany), Corning Incorporated (U.S.), and GE Healthcare (U.S.) are some of the top-notch players that are operating in the cell culture market that are listed by MRFR.
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