The Cell Culture Media Industry Report provides an in-depth analysis of current trends, market growth, and future estimates.
Chicago, September 13, 2022 (GLOBE NEWSWIRE) – According to the new market research report “Cell Culture Media Market by Type (Serum Free (CHO, BHK, Vero Cell), Stem Cells, Chemically Defined, Classic, Specialty), Application (Biopharmaceutical (mAbs, Vaccine), Diagnostics, Tissue Engineering), End User (Pharmaceutical, Biotechnology) – Global forecasts up to 2026 “is projected at $ 10.3 billion by 2026 from $ 4.9 billion in 2021, at a CAGR of 16.0% between 2021 and 2026.
Browse the in-depth summary on “Cell Culture Media Market“
314 – Tables
41 – Figures
303 – Pages
Download the brochure in PDF: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=97468536
The growth of this market is mainly driven by increased R&D spending in pharmaceutical companies, emerging cell culture technologies for cell-based vaccines, growing demand for monoclonal antibodies, growth in stem cell research, launch of new cell culture media by market players, and the growing focus on personalized medicine. On the other hand, expensive cell biology research products and ethical concerns related to cell biology research are expected to hinder the growth of this market.
Based on the type, the cell culture media market is segmented into serum-free media, classical media and salts, stem cell culture media, specialty media, chemically defined media and other cell culture media. In 2020, the serum-free media segment accounted for the largest share of the market. This can be attributed to the advantages of serum-free media over other media types, including consistent performance, increased growth and productivity, better control over physiological reactivity, and reduced risk of contamination by serum-based adventitious agents in cell culture. .
Request sample pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=97468536
Depending on the application, the cell culture media market is classified into biopharmaceutical manufacturing, diagnostics, drug discovery and development, tissue engineering and regenerative medicine and other applications. The biopharmaceutical manufacturing segment is further divided into monoclonal antibody manufacturing, vaccine manufacturing and other therapeutic protein manufacturing. The segment of tissue engineering and regenerative medicine is further divided into cell and gene therapy and other applications of tissue engineering and regenerative medicine. The biopharmaceutical manufacturing segment is estimated to grow at the highest rate during the forecast period. The high growth of this segment is attributed to the commercial expansion of major pharmaceutical and biotech companies, the growing demand for mAb, and increasing regulatory approvals for the production of cell culture-based vaccines.
According to the end user, the cell culture media market is segmented into pharmaceutical and biotech companies, hospitals and diagnostic laboratories, research and academic institutes, and other end users (such as cell banks, CDMOs and CROs). In 2020, the segment of pharmaceutical and biotech companies accounted for the largest share of the market. This end-user segment is also estimated to grow at the highest growth rate during the forecast period.
Talk to the analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=97468536
Geographic growth scenario:
The global cell culture media market has been segmented into North America, Europe, Asia Pacific, Latin America, the Middle East and Africa. The Asia Pacific market is expected to record the highest CAGR during the forecast period. The growing geriatric population, favorable regulatory guidelines, government support for cell culture-based vaccine production, low production costs and the growing focus of global market players on emerging Asian economies are the main factors contributing to growth. market in Asia Pacific.
Major players in the cell culture media market include Thermo Fisher Scientific, Inc. (United States), Merck KGaA (Germany), Danaher Corporation (United States) and Sartorius AG (Germany), Corning Incorporated (United States).
Browse the adjacent markets: Market research reports and biotechnology consultancy
Browse related reports:
Cellular expansion market by product (reagent, medium, flow cytometer, centrifuge, bioreactor), cell type (human, animal), application (regenerative medicine and stem cell research, cancer and cell-based research), end user and region – global forecast for 2025
Cell Culture Market by product (consumables (media, serum, reagents, vessels), equipment (bioreactor, centrifuge, incubator)), application (vaccines, mAbs, diagnostics, tissue engineering), end user (pharmaceutical, biotechnology, hospital) – forecast global until 2026
CONTACT: About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: email@example.com