Cell Culture Media, Sera and Reagents Market: Current Analysis and Forecast (2022-2030)
Emphasis on Product (Media [Chemically-defined, Classical Media, Lysogeny Broth, Protein Free, Serum-Free, Specialty Media], Sera [Fetal Bovine, Newborn Calf, Others], Reagents, [Albumin, Amino Acids, Attached Factors, Growth Factors & Cytokines]); End-Users (Biotechnology & Pharmaceutical Companies, Academic & Research Institutes, Others) and Region/Country
The Cell culture media, sera, and reagents market was valued at USD 7 billion in 2022 & is expected to grow at a CAGR of 10% from 2023-2030 cell culture media, sera, and reagents market refers to the industry involved in the production and distribution of various consumables and chemicals used for in vitro cell culture and research purposes. Cell culture refers to the process of growing and maintaining cells outside of their natural environment, typically in laboratory settings. Cell culture media are nutrient-rich solutions or formulations that provide cells with the necessary nutrients, growth factors, and support for their growth and proliferation in artificial environments. Sera, also known as serum, is an essential component of cell culture media. It is derived from blood and contains a mixture of various growth factors, hormones, proteins, and other critical components necessary for cell growth and maintenance. Reagents refer to chemicals, substances, or compounds used in cell culture experiments for various purposes. The growing demand for Cell Culture Media, Sera, and Reagents can be attributed to the rising demand for biopharmaceuticals around the globe which are the key factor for boosting the growth of the market, and thus key players are launching new products to attract the consumers. For instance, In 2021, Thermo Fisher announced the launch of a T-cell medium. This medium is designed to culture healthy donor cells for further use in cell therapies. Owing to the glaring statistics Cell culture media, sera, and reagents are essential for the production of biopharmaceuticals, including monoclonal antibodies, vaccines, and recombinant proteins, driving the demand for these products. across the globe would contribute to the growth of the market in the forthcoming period as well. Furthermore, the cell culture media, sera, and reagents market is anticipated to grow on account of technological advancements in cell culture techniques, such as three-dimensional (3D) cell culture, stem cell culture, and organoid culture, have increased the need for specialized media, sera, and reagents. These advanced techniques require tailored formulations and growth factors to support specific cell types and mimic complex physiological environments. Moreover, the growing focus on biomedical research, drug discovery, regenerative medicine, and biotechnology applications has led to a growing demand for cell culture media, sera, and reagents. However, some of the restraints in the market including the high cost of cell culture media, sera, and reagents, and ethical concerns and regulatory compliance are impeding the growth of this market all over the world.
Some of the major players operating in the market include Thermo Fisher Scientific, Inc., Merck KGaA, Cytiva , Becton, Dickinson and Company, Corning Incorporated, HiMedia Laboratories, FUJIFILM Irvine Scientific, Inc., InvivoGen, SeraCare , Lonza. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product, the media segment held a significant share of the market in 2021.”
Based on product, the market is segmented into media, sera, and reagents. Among them, the media segment captured a significant share of the market in 2021. The advancement of cell culture technologies and the diversification of research fields have led to a growing demand for specialized media. Different cell types and applications require specific formulations and supplements to support their growth and maintain their functionality. Specialized media cater to these specific requirements, driving the growth of the media segment
“Amongst end-user, the biotechnology & pharmaceutical companies segment held the higher CAGR in the market in 2021.”
Based on the end-user, the cell culture media, sera, and reagents market has been classified into biotechnology & pharmaceutical companies, academic & research institutes, others. Among them, the into biotechnology & pharmaceutical companies category grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Biotechnology and pharmaceutical companies are engaged in extensive research and development efforts to discover and develop new drugs, therapies, and biologics. Cell culture plays a vital role in these activities, requiring a consistent supply of high-quality media, sera, and reagents for cell culture experiments. The demand from these companies for cell culture products is driving the growth of the market.
“North America dominated the Cell culture media, sera, and reagents market in 2021.”
The North America region is home to a strong biotechnology and pharmaceutical industry, which drives the demand for cell culture media, sera, and reagents. For instance, In May 2021, Pfizer and BioNTech announced the expansion of their COVID-19 vaccine production capacity to meet the increasing global demand. This expansion likely involved the procurement of cell culture media and reagents for large-scale vaccine production. Moreover, North America has been witnessing a growing focus on cell-based therapies and regenerative medicine, driving the demand for cell culture media, sera, and reagents. In Addition, Continuous technological advancements and research collaborations further drive the North American cell culture media, sera, and reagents market. For instance, The National Institutes of Health (NIH) in the United States funded various research projects focused on improving cell culture technologies and developing novel cell culture media formulations. These initiatives aim to enhance the reproducibility and efficiency of cell culture experiments.
Cell Culture Media, Sera, and Reagents Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global Cell culture media, sera, and reagents market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Cell culture media, sera, and reagents Market Analysis (2022-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Cell culture media, sera, and reagents market were the three major steps undertaken to create and analyze the adoption of Cell culture media, sera, and reagents in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Cell culture media, sera, and reagents market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Cell culture media, sera, and reagents market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Cell culture media, sera, and reagents market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Cell culture media, sera, and reagents market. Further, we conducted factor analysis using dependent and independent variables such as product and end-user of the cell culture media, sera, and reagents market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Cell culture media, sera, and reagents market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Cell culture media, sera, and reagents market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Cell culture media, sera, and reagents market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Cell culture media, sera, and reagents market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global cell culture media, sera, and reagents market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the product and end-user in the global Cell culture media, sera, and reagents market.
The main objective of the Global Cell culture media, sera, and reagents Market Study
The current & future market trends of the global Cell culture media, sera, and reagents market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Cell culture media, sera, and reagents market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the product and end-user
- Define and analysis of the regulatory framework for the Cell culture media, sera, and reagents industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Cell culture media, sera, and reagents market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the Cell culture media, sera, and reagents market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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