Global Cell Culture Media Market Research Report – Forecasts Till 2023 | MRFR Exclusive Updates

“Cell Culture Media Market”
The Worldwide Cell Culture Media Market is growing exponentially and is expected to grow at the same pace during the forecast period at a CAGR of ~ 9.1%. Cell culture medium is classified into natural media and synthetic media.

The Global Cell Culture Media Market is projected to reach USD 1,290.1 million by the end of 2023 at a CAGR of 9.1 % during 2017-2023. The market for cell culture media is growing at an impressive rate due to factors such as growing number of biotech firms, growing demand for biotechnology products, high return on investments, technological advancements, etc.

Contamination of cell culture media, presence of heavy trace elements, high cost of the final products, lack of scientific understanding of natural media, issues of reproducibility, quality and specificity especially of natural media, scarcity of serum and animal components, ethical issues regarding use of animal components, etc., may restrain the growth of the market over the forecast period.

Global Cell Culture Media Market Players:

Some of the key players in this market: Merck KGaA, Corning Incorporated, GE Healthcare, Thermo Fisher, Lonza, BD, HiMedia Laboratories and others.

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Cell Culture Media Market Segmentation:

Cell culture media market has been segmented on the basis of type, application, and end user.

On the basis of type, the market is segmented into lysogeny broth, chemically defined media, protein free media, serum free media, classical media, custom media, and others.

On the basis of application, the market is segmented into drug discovery and drug development, toxicity testing, cancer research, genetic engineering, tissue engineering & biochemistry, stem cell research, and others.

On the basis of end user, the market is segmented into biotechnology & pharmaceutical companies, research laboratories, academic institutes, pathology labs, and others.

On the basis of region, the market is segmented into North Americas, Europe, Asia Pacific, and the Middle East & Africa.

Worldwide Cell Culture Media Market Regional Analysis:

Considering the global scenario of the market, North Americas region is accounted the largest market share of 36.1% in 2016. This market is expected to reach USD 478.7 million by 2023 at a CAGR of 9.5 %. Europe market is expected to be the second largest in terms of regions in the global cell culture market, this market is expected to reach USD 374.3 million at a CAGR of 9.3 % during the forecast period 2017-2023. However, the Asia Pacific market is expected to grow at the fastest CAGR of 9.6 % during the forecast period 2017-2023.

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Major TOC For Global Cell Culture Media Market Research report forecast to 2023:

1 Report Prologue

2 Market Introduction

2.1 Scope of Study

2.2 Research Objective

2.3 Assumptions & Limitations

2.3.1 Assumptions

2.3.2 Limitations

2.4 Market Structure

3 Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary research

3.4 Market Size Estimation

4 Market Dynamics

4.1 Drivers

4.1.1 Rise in demand for cell culture media will boost the growth globally (Impact weightage 40%)

TOC Continued…!

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