Cell Culture Media Market Expansion Projected to Gain an Uptick During 2020–2027
Cell Culture Media Market Dynamics
According to the latest report furnished by Market Research Future (MRFR), the cell culture market is exhibited to develop at a robust CAGR of 9.1% during the forecast period (2017–2023).
Growth Drivers and Key Challenges
Cell culture medium consists of a number of nutrients that promote the proliferation, growth, storage and maintenance of microorganisms as well as other types of cells including mammalian, stem cells, and other cell lines. There is a diverse range of culture media available in the international market for different cell cultures for surviving and growing in their incubation environment.
The cell culture media market will also be positively affected by factors like the increasing investments as well as funding for research and development (R&D) along with innovations in life sciences, particularly the biopharmaceutical products. On top of this, the expansion of the biosimilar industry at a substantial rate is a primary contributory factor backing the growth of the cell culture media market.
Despite the presence of favorable drivers, the dearth of skilled professionals could give a major blow to the growth of the market. On the contrary, the developing markets like India and China are projected to present various lucrative growth opportunities to the global market in the forthcoming years.
Cell Culture Media Market Segmentation
The cell culture media market has been segmented on the basis of type, application, and end-user.
Considering the type, the cell culture media market has been broken down into classical media, chemically defined media, protein-free media, lysogeny broth, serum-free media, and custom media. Among these, lysogeny broth happens to be the shareholder of the larger share of the overall market, amounting to 22.5% of the total market. On the other hand, the chemically defined media is exhibited to register the fastest growth rate of 9.6% during the evaluation time frame.
Application-wise, the cell culture media market covers segments like tissue engineering & biochemistry, cancer research, toxicity testing, drug discovery and drug development, genetic engineering, and stem cell research. Accruing almost 23.8% of the overall market share, the drug discovery and drug development segment is having a relentless run in the international market.
The end-users mentioned in the report include research laboratories, academic institutes, biotechnology & pharmaceutical companies, and pathology labs, where the biotechnology & pharmaceutical companies are expected to the dominating market, with its value being around USD 386.5 million in 2016.
Cell Culture Media Market Regional Analysis
In terms of the geographical distribution of the global cell culture media market, the key regions covered by the report are the Americas, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA).
Leading with the biggest share in the global cell culture media market, the Americas is profiting from the presence of superlative infrastructure, growing integration of cutting-edge developments in practice, and the technological brilliance within the region. The vast pool of patients provides immense traction to the regional market as well, coupled with the increasing number of research and development activities. These research and development projects are associated with cytological analysis of genomics, drug and vaccine development as well as proteomics.
Europe is making similar strides in the global market as well, resulting from the rise in R&D investments, surge in the advancements related to cell culture media, and strong demand for cell culture media. Other factors that facilitate the growth of the market include the advancement of animal-component free media along with the presence of automated cell culture systems that help decrease the lag times, in addition to improving the production capacity of the complete project. Data analysis predict that the demand for cell culture techniques will increase within the region in the years ahead.
In the meantime, Asia Pacific is another region making its presence felt in the worldwide market, surging at the fastest growth rate. The market owes its phenomenal growth to factors like the rising number of contract manufacturing as well as the outsourcing of cell culture technology. The hike in the demand for cell culture medias paired with the growth in the biopharmaceutical research has resulted in the favorable expansion of the regional market in the past couple of years.
Cell Culture Media Market Top Vendors
The top vendors in the global cell culture media market are BD Biosciences (U.S.), HiMedia Laboratories (India), Corning Incorporated (U.S.), Thermo Fisher Scientific (U.S.), GE Healthcare (U.S.), Merck KGaA (Germany), Lonza (Switzerland), and others.
Browse Full Report with TOC at: https://www.marketresearchfuture.com/reports/cell-culture-media-market-4462
Cell Culture Media Market Recent Developments
CN Bio has announced the development of a 3D cell culture system known as PhysioMimix. This lets the researchers layout assays, in addition to getting results at a faster rate. PhysioMimix will ensure that the scientists are able to mimic the structure as well as the function of human organs in the experiments being conducted in the future.