Cell
Culture Media Market Overview:
The global cell
culture media market share is projected to reach at a 9.8% CAGR during the forecast period 2023-2032.
Over that period, it can also scale and surpass a valuation of USD 1290.1
million, reveals Market Research Future (MRFR). Cell culture media market is having a
great run in the biotechnological sector owing to its prevalent use in the
growth of microorganisms, cell lines, and cells. Available either in
liquid or in gel form, the medium contains amino acids, inorganic salts,
vitamins, glucose, serum, and other vital nutrients. However, the traction it
is getting is mostly from the healthcare sector where it is often used to
develop vaccines. The report includes detailed segmental analysis and
description of factors that can impact the market the most. The keen interest
shown by the biotechnological firms in studying plants and animals to develop
drugs can be considered as a major factor. In healthcare, the demand for the
customized drug is getting stronger by day which can spark further researches.
In addition, it is the interest shown by governments that is influencing the cell culture
media market report considerably.
On reverso,
the cell culture media market can face certain blows owing to the considerable
investment associated with it. The process incurs a massive cost which prevents
smaller economies from participating in such researches. However, the growing
involvement of India and China is saving the day. These two regions have
relatively less workforce and establishment cost, which is making them alluring
in the eyes of market titans who are now expanding their business in the
region.
Cell
Culture Media Market Competitive Analysis:
Cell culture
media market players are HiMedia Laboratories (India), Thermo Fisher Scientific
(U.S.), BD Biosciences (U.S.), Lonza (Switzerland), Corning Incorporated
(U.S.), Merck KGaA (Germany), and GE Healthcare (U.S.).
CN Bio has
developed a 3D cell culture system, PhysioMimix that allows researchers to set
up assays and obtain results in faster. The process would allow scientists to
mimic the structure and function of human organs for experiments.
Cell
Culture Media Market Segmental Analysis:
The cell culture
media market overview, for better comprehension and predictive analysis, can be
segmented by type, application, and end-user.
Based on
type, the cell culture media market can be segmented into classical media,
chemically defined media, protein-free media, lysogeny broth,serum-free media,
and custom media. Lysogeny broth rules the market with 22.5% of the global
share. Meanwhile, chemically defined media is touted to clock the fastest CAGR
of 9.6% during the forecast period.
Based on
application, the cell culture media market includes tissue engineering &
biochemistry, cancer research, toxicity testing, drug discovery and drug
development, genetic engineering, and stem cell research. With 23.8% of the
total market share, drug discovery and drug development segment is treading
ahead smoothly.
By end-users,
the cell culture media market comprises research laboratories, academic
institutes, biotechnology & pharmaceutical companies, and pathology labs.
Biotechnology & pharmaceutical companies are leading the market at present
with a worth of USD 386.5 million in 2016.
Cell
Culture Media Market Regional Analysis:
Based on
regional expansion, the cell culture media market includes the Americas, Asia
Pacific (APAC), Europe, and the Middle East and Africa (MEA).
The Americas
has the biggest market, and this can be attributed to their superlative
infrastructure, technological brilliance, and eagerness to integrate the latest
developments in practice. The considerable patient pool in the region is also
providing traction to the market growth.
Europe is
following the lead with great gusto. Increasing investment from the governments
is helping the researchers plan accordingly, and the market is growing in sync
with them. At the same time, the APAC region is doing a commendable job.
The market titans are engaging themselves in a battle over the APAC
market as the region has a less infrastructural cost which makes it easier for
others to settle in and do business.
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