Cell Culture Media Market size is projected at US$ 3.3 billion in 2023 & is expected to rise to US$ 6.4 billion by 2033 | Future Market Insights, Inc.
Increasing Industry Participants' Launch of New Cell Culture Media and Focus on Personalized Care Boost Market. Asia Pacific is projected to lead the global cell culture media market by 2033. United States Cell Culture Media Market to Grow with Government Support and Technological Advancements
NEWARK, Del, Feb. 03, 2023 (GLOBE NEWSWIRE) -- The cell culture media market size is projected to be valued at US$ 3.3 billion in 2023 and is expected to rise to US$ 6.4 billion by 2033. The sales of cell culture media are expected to expand at a significant CAGR of 7.0% during the forecast period.
The development, production, and research of biopharmaceuticals are all based on the culture media. In biopharmaceutical research, cell culture media are employed at all stages of the drug development process, from discovery to manufacturing.
Biologics are gaining popularity, which has caused the market for culture media to expand significantly because scientists need media to make their work viable. Additionally, the market is expanding due to the rising demand for vaccines against various diseases.
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The global prevalence of chronic diseases is significantly increasing. Lifestyle changes and an aging population are the primary contributors to an increase in the rates of chronic diseases. As a result, the demand for effective chronic disease treatment is driving the adoption of culture media.
Infrastructure growth, technological development, and modernization of the healthcare sector around the world and an increase in diagnostic labs would help the market for cultured media to expand.
The market is anticipated to rise as a result of increased research efforts in areas like cancer, stem cells, biopharmaceuticals, and others, as well as higher spending on research and development.
However, it is also estimated that a shortage of qualified specialists with ethical and scientific concerns may restrain industry expansion. On the other hand, the market for culture media is predicted to see plenty of prospects due to untapped potential in developing countries and innovation in the media.
Key Takeaways from Market Study
Serum-free media witnessed a significant growth of 6.9% in terms of CAGR rate. The usage of SFM denotes an important tool that enables researchers to carry out specific applications or develop a certain cell type without the need for serum.
during the forecast period, the category for cancer research is expected to develop at a prominent CAGR of 7.5%. The growth of the cancer research segment is anticipated to be driven by increasing biologics research and development activities and the growing need for vaccine production.
With a revenue share of more than US$ 1.9 billion in 2023, the United States market holds a strong position in the global market. One of the main factors fuelling the market's expansion is the existence of a sizable number of companies. Since the pharmaceutical business is more research-intensive, there is a great need for cultural media there.
China is the most profitable region among others growing at an astonishing rate of 9.0% over the analysis period. Due to rising investments in the pharmaceutical and biopharmaceutical industries, China regional market is anticipated to develop at a great rate over the forecast period.
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To increase their market position, key players in this sector are using a variety of techniques, such as partnerships through mergers and acquisitions, geographic growth, and strategic collaborations. For instance, in July 2021, Sartorius purchased Xell AG, a leader in cell culture, through its subsidiary Sartorius Stedim Biotech. The business creates, manufactures, and sells feed additives and media for cell cultures, primarily for the production of viral vectors used in vaccine and gene therapy production.
Captivate Bio introduced its line of cell culture tools in January 2021 to help in the fight against COVID-19 and other new diseases.
Chemovator GmbH introduced its first product line, BIOFLOAT, in May 2020. This line consists of surface coatings for cell culture consumables.
Key Players Operating in the Market Include
Thermo Fisher Scientific, Inc.
Caisson Laboratories Inc.
Becton Dickinson and Company.
Lonza Group AG
Bio-Rad Laboratories, Inc.
General Electric Company
Cell Culture Technologies LLC
Fujifilm Holdings Corporation
Hi Media Laboratories Pvt. Ltd.
Merck & Co., Inc.
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HEK 293 Media
VERO Cell Media
Insect Cell Media
Serum-free Stem Cell Media
CAR T-cell Media
Other Serum-free Media
Classical Media & Salts
Stem Cell Culture Media
Chemically defined Media
Other Cell Culture Media
Other therapeutic proteins
Drug Screening & Development
Tissue Engineering & Regenerative Medicine
Cell and gene therapy
Other tissue engineering & regenerative medicine applications
By End User:
Pharmaceutical & Biotechnology Companies
Hospitals & Diagnostic Laboratories
Research & Academic Institutes
Asia Pacific excluding Japan (APEJ)
The Middle East & Africa (MEA)
Table of Content
1. Executive Summary | cell culture media market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
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