Global Cell Culture Media Market is Expected to Foresee Significant Growth During the Forecast Period. North America to Witness the Highest Growth
- Himanshu Patni
- May 12, 2022
- HEALTHCARE, NEWS
- Cell Culture Media Market, Cell Culture Media Market growth, Cell Culture Media Market share, Cell Culture Media Market size
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Global Cell Culture Media Market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 12% during the forecast period (2021-2027). Cell culture media usually consist of an appropriate source of energy and compounds which regulate the cell cycle. It contains different nutrients that help in the growth, proliferation, maintenance, and storage of microbial and other cell types including stem cells. A wide range of cell culture media is available in the market that facilitates the growth of different types of cells.
The global cell culture media market is anticipated to witness an uptick owing to the increase in expenditure on pharmaceutical R&D across the globe. For instance, In 2019, research and development spending in the pharmaceutical industry was USD 186 billion globally. In comparison, the R&D expenditures totaled USD 159 billion in 2016. Further, this spending is anticipated to reach USD 233 billion by 2026. Owing to this, there has been an increase in the number of drug launches and drug approvals over the last few years. In addition to this, the advancement in the pharma and medical field, and the flourishing biotechnology industry are some other factors driving the growth of the cell culture media market globally.
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Additionally, on average, the Food and Drug Administration (FDA) approved 38 new drugs every year between 2010 and 2019 (with a peak of 59 in 2018), which is 60% more than the yearly average over the previous decade. Also, at the beginning of 2021, there were 10,223 drugs in the pre-clinical phase of the R&D pipeline. With this growth in the number of drug launches and approval globally, the demand for various types of cell culture media especially animal culture media has been increasing rapidly all over the globe as cell-based assay plays an important role in the pharmaceutical industry and are used to study the cytotoxicity of the new drug.
Based on type, the market is segmented into lysogeny broth, chemically defined media, classical media, serum-free media, specialty media, stem cell media, and others. The serum-free media segment grabbed an XX% share of the global cell culture media market and will witness a considerable CAGR of XX% during the forecast period (2021-2027F) owing to the advantages of serum-free media over other types of media, including consistent performance, increased growth & productivity, better control over physiological responsiveness, and reduced risk of contamination by adventitious agents in the serum.
For a detailed analysis of the types of cell culture media browse through – https://univdatos.com/report/cell-culture-media-market/
Based on the application, the global cell culture media market is segmented into cancer research, biopharmaceuticals, regenerative medicine & tissue engineering, and diagnostics. The biopharmaceuticals segment occupied a substantial share and is expected to grow at a CAGR of XX% during the forecast period 2021-2027 owing to the commercial expansion of major pharmaceutical and biotechnology companies and the growing demand for various biopharma products such as mAbs. However, the cancer research segment is also expected to grow considerably during the projected timeframe.
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Additionally, the report provides detailed report also provides insights into the global cell culture media market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated revenue of USD XX billion in 2020 owing to the well-established market players and frequent product launches.
Thermo Fisher Scientific, Inc., Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Hi-Media Laboratories Pvt. Ltd., Merck KGaA, Corning Incorporated, Sartorius AG, Fujifilm Holdings Corporation, Lonza Group Ltd, Caisson Laboratories Inc, are some of the key players operating in the global cell culture media market. Several M&As along with partnerships have been undertaken by these players to develop new products.
Global Cell Culture Media Market Segmentation
Market Insight, by Type
- Lysogeny Broth
- Chemically Defined Media
- Classical Media
- Serum-free Media
- Specialty Media
- Stem Cell Media
Market Insight, by Application
- Cancer Research
- Regenerative Medicine & Tissue Engineering
- Drug Development
Market Insight, by End-Users
- Pharmaceutical & Biotechnology Companies
- Hospitals & Diagnostic Laboratories
- Research & Academic Institutes
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Thermo Fisher Scientific, Inc.
- Becton, Dickinson and Company
- Bio-Rad Laboratories, Inc.
- Hi Media Laboratories Pvt. Ltd.
- Merck KGaA
- Corning Incorporated
- Sartorius AG
- Fujifilm Holdings Corporation
- Lonza Group Ltd
- Caisson Laboratories Inc.