Cell Culture Media Market Size Worth USD 2070 Million By 2023 | Share Estimation, Growth Statistics, COVID-19 Impact and Regional Insights

Cell Culture Media Market Size Worth USD 2070 Million By 2023 | Share Estimation, Growth Statistics, COVID-19 Impact and Regional Insights

“Cell Culture Media Market”
Global Cell Culture Media Market Size, Trends and Growth Analysis by Product Type (Reagents, Media (Classical Media, Stem Cell Media (Bone Marrow, Neural Stem Cells (NSCs), Mesenchymal Stem Cells (MSCs), Embryonic Stem Cells (ESCs), Serum-Free Media) and Sera), Application (Biopharmaceutical, Tissue-Culture and Manufacturing, Gene Therapy, Cytogenetic), End User (Biopharmaceutical Companies, Academic and Research Laboratories, Hospitals and Diagnostic Centers) and Region, Forecast till 2023

Cell Culture Media Market Overview

Cell culture media contains an environment of nutrients necessary for cells to survive and propagate. It also provides the correct pH levels and osmolality. The global Cell Culture Media Market is expected to register a CAGR of 6.9% and is projected to reach USD 2,070.71 million by 2023. Common components constituting a cell culture medium are vitamins, carbohydrates, amino acids, inorganic basic salts, hormones, basic and trace elements, serum, buffering systems, supplements, and antibiotics. The global cell culture media market report by Market Research Future (MRFR) contains information on media offered for bacteria, yeast, plants, insect and animals and their growth prospects for the period of 2017 to 2023 (forecast period). The COVID-19 pandemic and its impact on cell culture mediums are noted.

The cell culture media market is primarily driven by the large elderly and pediatric population, prevalence of chronic diseases such as cancer, rising production of biopharmaceutical drugs, and the expansion of the pharmaceutical sector. As per a recent survey, the pharmaceutical and biotechnology industry in the U.S. spent close to USD 102 billion in 2015. Technological advances in cell culture such as serum-free media are likely to induce heavy demand in the cell culture media market. The use of a medium can generate maximum proteins and lowers batch-to-batch variability making it suitable for large-scale clinical manufacturing.

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The cell culture media market is expected to thrive despite the outbreak of the COVID-19 virus globally. The increasing number of tests to identify the virus, isolate the cells, and expedite the vaccine production can bode well for the cell culture media market. Government support for testing, approval for diagnostic tests, and approval for establishment of laboratories for containing the transmission rates of the virus are other factors expected to work favorably for the cell culture media market.

Cell Culture Media Market Segmentation

The global cell culture media market has been segmented into product type, application, and end user. By product type, the market has been segregated into reagents, media, and sera. By media, the market is further segmented into serum-free media, classical media, stem cell media, and others. The stem cell media segment is further segmented into mesenchymal stem cells (MSCs), embryonic stem cells (ESCs), neural stem cells (NSCs), and bone marrow.

Major market applications comprise tissue-culture and manufacturing, gene therapy, biopharmaceutical, cytogenetic, and others. By end user, the cell culture media market identifies main segments as hospitals and diagnostics centers, academic and research laboratories, biopharmaceutical companies, and others.

Cell Culture Media Market Regional Outlook

The global cell culture media market, based on region, is divided into the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

The Americas accounted for the largest share in the global cell culture media market. The large share is majorly attributed to the presence of major manufacturers, increasing prevalence of diseases leading to the high demand for drugs and other medications, technological advancements in preclinical and clinical studies, increasing awareness among the population, and high disposable income levels.

The European market for cell culture media is projected to be the second-largest during the forecast period. Rising government initiatives to promote research to find a cure to the increasing number of chronic diseases, rise in the number of pharmaceutical manufacturers, improving economies, and increased healthcare spending are driving the growth of the cell culture media market in this region.

The APAC region accounted for the third-largest cell culture media market share due to the presence of research organizations, low manufacturing cost, low labor cost, and increased investments by American and European market giants in countries of China and India. The Australian market for cell culture media is expected to hold a market share of 10.7% in 2017.

Cell Culture Media Market Competitive Outlook

Lonza, PromoCell, Becton, Dickinson and Company, HiMedia Laboratories, Corning Incorporated, Fujifilm Holdings Corporation, Merck KGaA, The Sartorius Group, GE Healthcare, Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., and Sera Scandia A/S are key players of the global cell culture media market. Manufacturers are launching products which do not require cold storage facilities to preserve its environment. This is exemplified by the launch of Gibco BenchStable by Thermo Fisher Scientific which can store cell culture media at room temperature.

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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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