Booming biotechnology, cell biology, and life science industry is directly fueling the cell culture market. Moreover, rising investment on cell biology & cell culture followed by increasing awareness of stem cell culture are the other key factors driving the market. Increasing R&D and technological innovations in clinical research in developed countries such as Europe and North America are likely to boost the market growth. Moreover, the growing geriatric population followed by rising epidemic and chronic disease are also contributing towards the market growth.
As per the latest report added by Value Market Research, the Global Cell Culture Media Market was valued at USD 5898.02 MN in 2021 and is projected to reach USD 11068.02 MN by 2028, with a CAGR of 9.41%.
CLASSICAL MEDIA DOMINATED THE TYPE SEGMENT
In 2021, classical media accounts for the largest market share, by type, followed by lysogeny broth, owing to wide adoption in various applications as it offers consistency in every batch. As per the analysis, by 2028, classical media is expected to reach USD XX.X MN.
BIOPHARMACEUTICALS & THERAPEUTICS LED THE APPLICATION SEGMENT
Biopharmaceuticals and therapeutics account for the largest market share, by application, followed by drug screening and drug development, accounting for the technological advancement in the genetic engineering utilizing protein-based biopharmaceuticals. In addition, the cell culture technique also has diverse applications for instance in cancer research, gene therapy, and toxicity testing, which further aids in propelling the growth of this market. This segment is expected to reach USD XX.X MN by the end of 2028.
NORTH AMERICA RULING THE GLOBAL CELL CULTURE MEDIA
Rising demand, for cell culture technology and cell biology research in North America, has shown significant development and companies have started investing in innovative technologies and advances in cell culture applications. North America accounted for the largest share of this market in 2021, as there is a significantly high number of research and development projects ongoing in the region related to cytological investigation for proteomics, genomics, and drug and vaccine development. Growing need for biopharmaceuticals is also anticipated to fuel regional market growth during the forecast period. This segment is expected to reach USD XX.X MN by the end of 2028.
MAJOR 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.
As per this study the Global Cell Culture Media Market was valued USD 3.11 MN in 2021 and is anticipated to reach USD 6.33 MN by 2028 with a CAGR of 10.7%.
Cell culture media is basically a liquid or gel which is designed to support the growth of a microorganism, cells, and cell lines. This medium is composed of amino acids, inorganic salts, vitamins, serum, glucose and other important nutrients which plays a vital role in the growth of various types of cells. Their application includes toxicity testing, genetic engineering, stem cell research, tissue engineering & biochemistry, cancer research, and drug discovery & drug development. Some of the end-user for cell culture media are pathology labs, academic institutes, research laboratories, biotechnology & pharmaceutical industries.
Market Dynamics
The rapid growth of the biotechnology and pharmaceutical industry coupled with the rising investment in clinical research is significantly contributing to the industry expansion. The rising application of stem cell culture in large-scale life science industries is another major factor fueling the market growth over the forecast period. Further, growing cases of the chronic disease worldwide and the need to treat disease followed by the emerging application of in-vitro cell culture are again propelling the market growth. On the other hand, a lack of skilled lab technicians and pharmacists is likely to hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of cell culture media.
Market Segmentation
The broad cell culture media market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
- Classical Media
- Lysogeny Broth
- Protein-Free Media
- Specialty Media
- Serum-Free Media
- Chemically-Defined Media
By Application
- Biopharmaceuticals and Therapeutics
- Drug Screening and Drug Development
- Regenerative Medicine and Tissue Engineering
- Stem Cell Technologies
- Cancer and other Biotech Research
- Other
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for cell culture media in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Cell Culture Media Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the cell culture media market includes 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. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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