Cell Culture Media Market Overview:
The
global cell culture media market size 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 Segmental Analysis:
The
cell culture media market, 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 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.
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