Cell Culture Media Market Overview:
The
global cell culture media
market share is projected to reach at a 14.21% 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
market 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 Regional Analysis:
Based
on regional expansion, the cell culture media market insights 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.
Cell Culture Media Market Segmental Analysis:
The cell culture media market outlook, 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.
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