10-Jan-2020 | Facts and Factors
Facts and Factors Market Research has published a new report titled “Cell Culture Media Market By Product (Consumables & Equipment), By Application (Biopharmaceutical Production, Diagnostics, Drug Screening & Development, & Tissue Engineering & Regenerative Medicine), By End-User (Pharmaceutical & Biotechnology Companies, Hospitals & Diagnostic Laboratories, Academic & Research Institutes, & Cell Banks), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026”. According to the report, the global Cell Culture Media market is predicted to be valued at approximately USD 4.5 Billion in 2020 and is expected to reach a value of around USD 8.3 Billion by 2026, at a CAGR of around 7.2% between 2021 and 2026.
Cell culture media is the terminology used for removing the tissues, cells, or organs from plants or animals and then placing them in an artificial environment favorable for their survival & proliferation. Key environmental needs for cells to multiply include controlled temperature, a perfect medium for growth of the cell, a substrate for cell attachment, and an incubator maintaining correct pH & osmolality. Cell culture media means choosing of apt medium for cell growth through in vitro cultivation.
Browse the full “Cell Culture Media Market By Product (Consumables & Equipment), By Application (Biopharmaceutical Production, Diagnostics, Drug Screening & Development, & Tissue Engineering & Regenerative Medicine), By End-User (Pharmaceutical & Biotechnology Companies, Hospitals & Diagnostic Laboratories, Academic & Research Institutes, & Cell Banks), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026” Report at https://www.fnfresearch.com/cell-culture-media-market-by-reagent-type-albumin-189
Furthermore, cell culture media encompasses an appropriate energy source & compounds that regulate the cell cycle. The growth of cell culture media is a gel devised to aid the microorganism or cell proliferation.
High occurrence of chronic ailments and the need to treat them will boost the market trends
The growth of the market over the forecast period is due to high cases of chronic diseases along with the necessity to treat these ailments. Moreover, a rise in awareness pertaining to stem cell culture will also propel the business scope over the period from 2019 to 2027.
Furthermore, huge spending on biotech research activities, product innovation, changing consumer base, and global marketplace will create new growth avenues for the industry over the forecast period. Apart from this, the escalating need for the production of vaccines & monoclonal antibodies will favorably influence the expansion of the cell culture media industry over the forecast timeline. However, the lack of skilled lab technicians & pharmacists in emerging countries will impede the expansion of the cell culture media during the forecast timeframe. Nevertheless, constant efforts to enhance the media quality for acquiring perfect outcomes will offer new growth avenues for the business over the forecast timeline. This, in turn, will reduce the impact of the hindrances on the business expansion during the period from 2019 to 2027.
Biotech research segment to record highest CAGR over the forecast period
The biotech research segment is set to register the highest growth rate of over 8.5 % during the period from 2019 to 2027. The growth of the segment during the forecast period is due to the rapid rise in the research activities carried out by biotech firms across the globe.
Biotechnology & Pharmaceutical Companies segment to dominate the end-user landscape by 2027
The growth of the segment during the forecast timeframe is attributed to the high rate of chronic ailments witnessed in the adult population promoting massive research & development activities across the biotech & pharma sectors. In addition to this, high demand for cell culture media & reagents will further steer the segmental growth over the forecast period.
North America to account for the major regional market revenue share by 2027
The regional market growth over the forecast timeline is attributed to the ongoing clinical & pharmaceutical research & development activities along with high cases of cancer & metabolic disorders witnessed in the region.
Top Market Players
The key market participants in the global cell culture media market are Thermo Fisher Scientific, GE Healthcare, Danaher Corporation, Lonza Group AG, Corning Incorporated, Eppendorf, HiMedia Laboratories, Sartorius AG, PromoCell GmbH, FUJIFILM Irvine Scientific, InvivoGen, CellGenix GmbH, SeraCare Life Sciences Incorporation, STEMCELL Technologies, Inc., and Solida Biotech GmBH, among others.
This report segments the Cell Culture Media market as follows:
Global Cell Culture Media Market: By Product Segment Analysis
- Sera, Media, & Reagents
- Supporting Equipment
- Storage Equipment
Global Cell Culture Media Market: By Application Segment Analysis
- Biopharmaceutical Production
- Therapeutic Proteins
- Vaccine Production
- Drug Screening & Development
- Tissue Engineering & Regenerative Medicine
Global Cell Culture Media Market: By End-User Segment Analysis
- Pharmaceutical & Biotechnology Companies
- Hospitals & Diagnostic Laboratories
- Academic & Research Institutes
- Cell Banks
Cell Culture Media Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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