From USD 18.69 billion in 2022 to USD 30.9 billion in 2027, the worldwide cell culture market is expected to rise to USD 30.9 billion. During the forecast period, this market is expected to increase at a CAGR of 10.60%.
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A prominent factor driving the growth of the cell culture market is the increasing utilisation of cell culture techniques for the production of vaccines and biopharmaceuticals. Furthermore, due to the COVID-19 pandemic, there is an increase in demand for cell culture products; while the COVID -19 vaccine is still in the trial phase, cell lines are needed, and various cell culture techniques are utilised, the market will develop significantly from 2020 to 2024.
Primary growth factors for the worldwide cell culture market are growing the number of regulatory approvals for single-use technologies, monoclonal antibodies, cell culture-based vaccinations, financing for cell-based studies, and the boat of forwarding cell culture outputs. This bottom of the exceptional and forward system is required in the long run to strengthen the global cell culture market, particularly for large-scale production. This has the advantages of being the most prolific as well as having a low risk of contamination. To the market’s players, this means a tremendous deal. Furthermore, with the growing trend of using animal-derived and component-free factors, as well as the acknowledgment of specialty and chemically defined media, the worldwide cell culture market is expected to rise at a rapid pace in the coming years.
Additionally, altering trends toward personalised pharmaceuticals are expected to create significant development prospects for the market. Furthermore, a rise in global demand for cell culture-based vaccines, which play an important role in the healthcare sector, is propelling the global cell culture market forward. Furthermore, expanding the size of research institutes to create high-quality medications in the interest of public safety is projected to boost the growth of the global cell culture market. Furthermore, the expanding number of patients with chronic illnesses is driving the business forward at rapid speed. Furthermore, through adjusting programmes to evaluate treatment processes for ordinary people, the government’s increasing support for the cell culture business is creating prospects for growth.
As a result of population growth, climate change, and increased human-animal contact, new viral epidemics have grown increasingly likely. Influenza and COVID-19, for example, have shown to be unpredictable recurring events with significant economic and societal implications. As of February 4, 2022, the WHO had confirmed 386.55 million COVID-19 cases worldwide, with 5.71 million deaths. As the incidence of infectious diseases rises and the risk of pandemics rises, vaccine demand is expected to rise internationally. In the pharmaceutical industry, cell culture has become an important part of vaccine development. Cell culture technology has been used to generate vaccines for rotavirus, polio, smallpox, hepatitis, rubella, and chickenpox. Cell-based flu vaccines have also been approved in the United States and many European countries. Growing awareness of the benefits of cell culture-based vaccinations, as well as regulatory clearance of various cell culture-based vaccines around the world, are expected to propel the cell culture market forward over the forecast period.
On the other hand, factors such as the increased official quality established by market leaders and the imposition of a comprehensive regulatory framework may stymie the market’s overall growth in the coming years. Furthermore, rigorous regulations and the use of foetal bovine serum in cell culture production are expected to limit market growth. Furthermore, ethical laws and statutes, such as the use of large expense in terms of support, operate as a controlling administrator for the market’s future expansion. Furthermore, the market’s expansion would be hampered by industry leaders’ high-quality standards and the introduction of a strong regulatory framework in the coming years. The ethical norms and regulations that are commensurate to large-scale infrastructure investments are also limiting factors for future market expansion.
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KEY MARKET INSIGHTS:
- Based on the product, the equipment product segment is predicted to hold the bulk of market share over the forecast period. Because of the growing scale of the pharmaceutical business, the market is expanding. Sera, media, and reagents make up the largest segment of the market. Sera and media are crucial components in cell culture research since they help to improve the results. Furthermore, the category contains a significant share of recurring orders.
- The cell culture market is currently dominated by North America, and this trend is projected to continue over the forecast period. The growing demand for individualised medication, as well as the existence of prominent companies in the market, are largely responsible for this. Additionally, because healthcare is one of the country’s top objectives, the US government is supportive of medical research. The Human Cancer Models Initiative was announced, with a three-year goal of growing 1,000 novel cell lines for scientists to analyse. The collaboration brought together the National Cancer Institute (NCI) in Bethesda, Maryland, Cancer Research UK, the Wellcome Trust Sanger Institute UK, and Hubrecht Organoid Technology in Utrecht, the Netherlands.
- Foetal bovine serum (FBS) is the most widely used growth supplement for cell culture because it supports the survival and growth of a wide range of cell lines at a reasonable cost. Because of the risk of contamination, the FDA has mandated a number of requirements for the manufacturing process. Furthermore, in 2019, the Food and Drug Administration (FDA) and the United States Department of Agriculture (USDA) together released their first official policy document on cell-cultured meat regulation. With the increased focus on cell-based research, more technological improvements are expected in the industry, which will have a favourable impact on the US market.
- Furthermore, as the COVID-19 pandemic continues to evolve with the addition of new saints, researchers are focusing their efforts on understanding the mechanisms that underpin COVID-19. For example, on January 20, 2020, the Centres for Disease Control and Prevention (CDC) received a sample from the first patient in the United States and created enough SARS-CoV-2 developed in cell culture to distribute to medical and scientific researchers. As a result of all of these factors, the cell culture market in the United States is expected to grow rapidly.
- In terms of global cell culture market share, Europe is in second place. In terms of biotechnology practises, Germany is the fastest-growing country in Europe. Technological improvements are helping researchers create cell culture procedures, which is increasing the German Cell Culture market demand. It propels the biotechnology industry closer to drug development. The business expansion of the associated verticals will be aided by increased research and development efforts, rising demand for biologics, and healthcare facilities.
- The French cell culture sector is being propelled by government backing for biotech enterprises in the form of interest-free loans to build independent companies with state-funded research.
- The UK cell culture market has grown at the fastest rate in recent years and is expected to continue to dominate in the coming years. The market’s growth rate is being fuelled by the improving economy and increased healthcare spending.
- In the moderately competitive cell culture market, there are numerous major players. In terms of market share, a few large companies now dominate the market. Thermo Fisher Scientific, Danaher Corporation, Sartorius AG, and other major industry players are increasing the market’s overall competitiveness.
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SEGMENTS INCLUDED IN THIS REPORT:
- Cell Culture Vessels
- Cell Culture Storage Equipment
- Cell Culture Supporting Equipment
- Sera, Media & Reagents
- Bioreactor Accessories
- Vaccine Production
- Recombinant Therapeutic Proteins
- Cancer Research
- Stem Cell Technologies
- Drug Screening and Development
- Tissue Engineering & Regenerative Medicine
- Other Applications
- Pharmaceutical and Biotechnology Companies
- Research Institutes
- North America
- Latin America
- Middle East & Africa
Browse Regional Reports:
- North America Cell Culture Market
- Europe Cell Culture Market
- APAC Cell Culture Market
- Latin America Cell Culture Market
- MEA Cell Culture Market
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