According to the latest market research report “Cell Culture Market by Product Type ( Chemically Defined Media, Classical Media, Lysogeny Broth, Serum-free Media, Specialty Media, Stem Cell Media), by Application (Biological Drug Discovery, Biopharmaceuticals, Cancer Research, Stem Cell Technologies, Tissue Engineering), by End-User (Academic Institute, Biotechnology Industry, Research and Development Laboratory), and Region – Global Forecast to 2025“, published on Valuates Reports. The Global Cell Culture Media Market size is expected to grow from USD 879.42 Million in 2019 to USD 1,435.86 Million by 2025 at a Compound Annual Growth Rate (CAGR) 8.51% during the forecast period.
The major factor driving the cell culture media market size is the increasing demand for the production of biotechnological and biopharmaceuticals products. Also, increasing use in pharmaceutical laboratories for drug discoveries is fueling the market growth.
TRENDS INFLUENCING THE CELL CULTURE MEDIA MARKET SIZE
The cell culture media market size is driven by the rising pharmaceutical industry, increasing pipeline biopharmaceutical products, increasing cancer and infectious disease prevalence, and increasing geriatric population. The cost of cell culture media and media contamination is, however, a challenge to market development.
To accelerate research and development activities, private and public agencies make substantial investments in the biotechnology and pharmaceutical domains. This research leads to developing new therapies and drugs to counter the rising prevalence of chronic disease and transplant surgery. These growing investments are expected to increase the cell culture media market size during the forecast period.
Emerging markets like China, India, and Brazil have become lucrative destinations for companies engaged in creating and distributing stem cell cultures. A number of factors, such as low regulatory barriers for conducting stem cell-based studies and a business-friendly climate in developing countries drive the Cell Culture Media Market size.
However, the cost of cell culture media and media contamination could potentially hinder the cell culture media market growth. Scientific and ethical restrictions on the use of goods derived from animals in culture media and the lack of qualified practitioners also can restrict market growth.
CELL CULTURE MEDIA MARKET SHARE ANALYSIS
North America is expected to hold the largest Cell Culture Media Market share during the forecast period. This dominance of the cell culture media market is attributed to the substantial investments that transpired into R&D activities in the pharmaceutical and biotech industries. In addition, amid the growing prevalence of myriads of chronic diseases that generate massive demand for drugs and other medicines, the involvement of major players in the industry drives the North American cell culture media market size.
Europe is predicted to hold the second major Cell Culture Media Market share. The cell culture media market size in Europe is driven primarily by rising government initiatives and funding to support the research and development needed for drug discovery to address the growing number of chronic diseases.
In addition, developments in preclinical and clinical technology, high disposable incomes, and the penetration of healthcare systems in the area fostered the development of the media market for cell culture.
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CELL CULTURE MEDIA MARKET SEGMENTATION & COVERAGE
This research report categorizes the Cell Culture Media to forecast the revenues and analyze the trends in each of the following sub-markets:
Based on Product Type, the Cell Culture Media Market studied across
- Chemically Defined Media,
- Classical Media,
- Lysogeny Broth,
- Serum-free Media,
- Specialty Media,
- Stem Cell Media.
Based on Application, the Cell Culture Media Market studied across
- Biological Drug Discovery,
- Cancer Research,
- Stem Cell Technologies,
- Tissue Engineering.
Based on End User, the Cell Culture Media Market studied across
- Academic Institute,
- Biotechnology Industry,
- Research and Development Laboratory.
- Avantor Performance Materials
- Bio-Rad Laboratories Inc
- Dickinson and Company (BD)
- GE Healthcare
- HiMedia Laboratories Pvt., Ltd
- Merck& Co. Inc
- Thermo Fisher Scientific Inc
- Vitro Diagnostics Inc.