The global ”cell culture media market” is set to gain momentum from the increasing research activities in the field of cell biology, as well as the rising maintenance of several types of cells.This information is given by Fortune Business Insights™ in an upcoming report, titled, “Cell Culture Media Market Size, Share & Industry Analysis, By Type (Animal Cell Culture Media, Plant Cell Culture Media, Bacterial Cell Culture Media, Others), By Physical State (Liquid Culture Media, Semisolid & Solid Culture Media), By Applications (Research, Manufacturing of Biomolecules, Others), By End-Users (Biotechnology & Pharmaceutical Industries, Academic & Government Research Organizations, Others) and Regional Forecast, 2020-2027.” The report further mentions that cell culture media help in stimulating the storage, propagation, and growth of mammalian cells, plant cells, and microorganisms.
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Drivers & Restraints-
Expansion of Biotechnology Sector to Accelerate Growth
The life science industry is experiencing a surge in the number of funding and investments for revolution and research activities. It is mainly happening in the biotechnology sector globally. Besides, the increasing cases of cancer are set to propel the demand for biologics, recombinant protein, and biosimilar products. As per the International Agency for Research on Cancer, in 2018, around 9.6 million deaths occurred because of cancer worldwide, whereas 18.1 million new cases were registered.
Furthermore, the rapidexpansions in the field of stem cells and its applications in biotechnology would propel the cell culture media market growth in the near future. Additionally, the ongoing developments in the pharmaceutical industry across the globe are set to surge the expenditure in clinical research, thereby driving growth. However, the lack of skilled professionals may hinder the demand for cell culture media.
A list of the reputed cell culture media manufacturers operating in the global market:
- Thermo Fisher Scientific Corporation
- Merck KGaA
- CellGenix GmbH
- GENERAL ELECTRIC COMPANY
- Corning Incorporated
- FUJIFILM Holdings Corporation
- Other prominent companies
How Did We Conduct Our Research?
The report involved four notable activities in projecting the current market size. Exhaustive secondary research was conducted to gather data about the parent and peer markets. Our next step included primary research to authenticate these sizing, assumptions, and findings with numerous industry experts. We have also used bottom-up and top-down approaches to calculate the market size.
North America to Dominate Backed by Presence of Significant Research Institutes
In North America,rising government initiatives to conduct research activities, as well as to bring about advancements in cell culture applications and cancer studies would bolster growth. The region is set to procure the largest cell culture media market share throughout the forthcoming years fueled by the presence of numerous renowned biotechnology and research institutes in this region.
Europe, on the other hand, is set to remain in the second position because of the rising usage of state-of-the-art technologies in the biotechnology sector. In Asia Pacific, increasing initiatives to introduce in-vitro cultivations and the surging development of vaccines would augment growth. Emerging economies, such as India and China would majorly contribute to the growth of the market for cell culture media on account of theirrising purchasing power.
Key Players Focus on Acquisitions and Contract Signing to Gain a Competitive Edge
The market for cell culture media contains numerous big, small, and medium companies that are persistently striving to gain a competitive edge by adopting acquisition and new contract signing strategies. Below are the two latest industry developments:
- December 2020:CollPlant and STEMCELL Technologiessigned a product manufacturing and supply agreement. Under this agreement, CollPlant will be able to sell its recombinant human Type I collagen (rhCollagen) to the latter, which will use its product into cell culture media kits.
- October 2018: Thermo Fisher Scientific Inc. acquired BD’s Advanced Bioprocessing business worth USD 477 million. It will be blended into the former’s Life Sciences Solutions segment.
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What are the key segments in the market?
- Animal Cell Culture Media
- Plant Cell Culture Media
- Bacterial Cell Culture Media
By Physical State
- Liquid Culture Media
- Semisolid & Solid Culture Media
- Manufacturing of Biomolecules
- Biotechnology & Pharmaceutical Industries
- Academic & Government Research Organizations
- North America (USA, Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
With tables and figures helping analyse worldwide Global cell culture media Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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