As per the latest report added by Value Market Research, the Global Cell Culture Media Market was valued at USD 1,595.6 Million in 2017 and is projected to reach USD 2,489 Million by 2024, with a CAGR of 6.6%. As per the finding, the global cell culture media is expected to grow significantly over the forecast period. Expanding biotechnology sector, cell biology, and life-science industry along with the technological innovation in terms of molecular and cell biology is fueling the market growth. Also, rising R & D activity in clinical research in developing nations, rising count of geriatric population coupled with the rising prevalence of chronic disease is further contributing towards the growth of the market. Further, the growing need to develop novel therapeutic drugs is again fueling this market growth.
Cell culture media are used for the vitro cultivation of cells, basically, they support the growth of microorganism such as fungi and bacteria which are further used in clinical research for studies and experiments. They have a wide range of application across R & D, clinical research, pharmaceutical, and biotechnology sector.
The report "Global Cell Culture Media Market Report By Type (Classical Media, Lysogeny Broth, Protein-Free Media, Specialty Media, Serum-Free Media, Chemically-Defined Media), Application (Biopharmaceuticals and Therapeutics, Drug Screening and Drug Development, Regenerative Medicine and Tissue Engineering, Stem Cell Technologies, Cancer and other Biotech Research, and Other) And By Regions" - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2017-2024 - covered all the market dedicated information along with the in-depth analysis of each segment on global as well as regional level.
The report covers the segmentation on the basis of type, application, and region. By type, the market is bifurcated into classical media, lysogeny broth, protein-free media, specialty media, serum-free media, and chemically-defined media. Among which, classical media led the segment owing to affordable and widely used culture media across the end-user industry. Based on the application the market is split across biopharmaceuticals and therapeutics, drug screening and drug development, regenerative medicine and tissue engineering, stem cell technologies, cancer and other biotech research, and other. Owing to rising demand of media with moderate cell density and inexpensive and effective drugs the biopharmaceuticals & therapeutics has dominated the application segment. From the geographical perspective, the market has been studied across the region of North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America has contributed the largest share of the global cell culture market. The rising government initiatives and investment in clinical research are fueling the regional growth. Booming biopharmaceutical and biotechnology sector is likely to raise the growth significantly over the forecast period.
The Report Segments Global Cell Culture Media Market Market -
Prominent Players In The Market
AllCells, LLC., Becton, Dickinson and Company, Corning Life Sciences B.V., GE Healthcare., Lonza Group Ltd., Merck KGaA, Promocell GmbH, Sigma-Aldrich Co. LLC., Thermo Fisher Scientific, Inc., and VWR International, LLC
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