Global Media Sera And Reagents- Cell Culture Market – Overview
Media sera and reagents cell culture are consumables used in cell culture. These media sera and reagents cell culture provides artificial environment for the growth of the cell by providing essential nutrients.
The market for media sera and reagents cell culture is growing a healthy growth due to a host of factors such as increasing incidence of chronic diseases, growth in the number of regulatory approvals for cell culture-based vaccines, and evolution of genetic engineering, artificial organs, and recombinant DNA technology, amongst others have driven this market. Additionally, rising demand for well-developed healthcare sector is pushing the growth of media sera and reagents cell culture market. Similarly, growth strategies such as new product innovation, and merger & acquisition activities taken up by major market players are likely to enhance the growth of media sera and reagents cell culture market.
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For instance, according to National cancer institute, in 2016, around 1,685,210 new cases of cancer were diagnosed in the U.S. Similarly, in 2016, U.S. spent over USD 125 billion for cancer care and is expected to spend over USD 156 billion by 2020.This rising case in chronic diseases are likely to enhance the growth of media sera and reagents cell culture market.
Global Media Sera And Reagents- Cell Culture Market is expecting a healthy growth at a CAGR of 7.5% during forecast period (2017-2013).
Key Players for Global Media Sera And Reagents- Cell Culture Market
The global market consists of players such as Thermo Fisher Scientific, Inc., Merck KGaA, GE Healthcare, Lonza Group AG, Becton, Dickinson and Company, Corning, Inc., Eppendorf AG, Hi-Media Laboratories, Sartorius AG, and Promocell GmbH are some of the prominent players at the forefront of competition in the global media sera and reagents market and are profiled in MRFR Analysis report.
Competitive Analysis – Media Sera And Reagents- Cell Culture Market
Thermo Fisher Scientific Inc.
Founded on 1956 and headquartered at United States, Thermo Fisher offers analytical instruments, equipment, reagents and consumables for research, manufacturing, analysis, discovery, and diagnosis. The company has focused on various inorganic and organic growth strategies to enhance its product portfolio and gain foothold in various geographies. For instance, in the year 2017, Thermo Fisher Scientific entered into an partnership with Juno Therapeutics to use Thermo Fisher’s Cell Therapy Systems (CTS) activation reagents in the manufacturing of its chimeric antigen receptor T cell therapies. These partnership increases the firm’s customer base and widens the company’s already existing wide product portfolio. Additionally, in 2014, Thermo Fisher completed acquisition of Life Technologies Corporation. This acquisition aims to enhance the firm’s customer base and widens its geographic presence.
Headquartered at U.K., GE Healthcare, offers a wide range of device based medical products. The firm offers its products all over the world. The firm has focused on various growth strategies such as expansions, product launches, acquisition and collaboration to enhance its product portfolio and widen its foothold in various geographies. For instance, in 2014, the firm acquired Thermo Fisher Scientific’s HyClone cell culture media, sera and process liquids. This acquisition aims to widen the firm’s already existing wide range of products. Additionally, in 2016, GE Healthcare entered into an agreement with STEMCELL Technologies Inc. to provide T-Cell reagents for commercial-scale cell therapy production. This agreement and acquisition enhance the firm’s product portfolio and business across different geographies.
Segments for Global Media Sera And Reagents- Cell Culture Market
The global media sera and reagents- cell culture market is segmented on the basis of types, applications and end users. On the basis of type, it is segmented into media, sera and reagents. On the basis of media, it is further segmented into chemically defined media, serum-free media, protein free media, classical media and others. On the basis of sera it is sub segmented into fetal bovine serum, new-born calf serum and others. On the basis, of reagents it is further segmented into antibiotics, biological detergents, biological buffers, cell viability kits and reagents and others. On the basis of applications it is segmented into cancer research, virology, toxicity testing, vaccine production, drug development and others. And on the basis of end users, it is segmented into research laboratories, academic institutions, pathology labs and others.
Regional Analysis for Global Media Sera And Reagents- Cell Culture Market
The media sera and reagents cell culture market is segmented based on regions into Americas, Europe, Asia Pacific, and the Middle East & Africa. Americas region has been dominant over the years in terms of market sizing of the market. The highly developed Life Science industry in the US, and presence of large number of companies in the region is one of the prime factors responsible for the growth of the American market.
European region has also observed an exponential growth in the market. Expansion of the major companies in the European region, increased product approval, growing prevalence of chronic diseases, rising geriatric population susceptible to various chronic conditions, and eventually rising patient population and rising healthcare expenditure are some of the growth factors in the European region.
Asia pacific region is expected to be fastest growing region in media sera and reagents cell culture market owing to its growing population and increasing healthcare expenditure and demand for new treatment options. Apart from that, increased investments by big players in the Asian countries such as India and China may fuel the growth of the market in this region.
On the other hand, the Middle East & Africa is expected to witness limited growth due to limited access to the healthcare resources and lack of awareness about rare diseases. In the Middle East, the growth of the market is driven by increasing availability new diagnostic and treatment methods.
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