There is increasing requirement of cell culture media in biotechnology industry, national laboratories and academia. It plays a vital role in studying cellular processes, creating regenerative medicine and developing new drugs. In emerging trend, cell culture media is used in development of lab grown meat.
The Global Cell Culture Media Market is estimated to grow at a CAGR of around 8.8% during the forecast period 2018-2025 and is anticipated to reach US$ 1,331.1 million by the end of the year 2025.
Cell culture media is made up of various nutrient ingredients that are source of energy such as glucose, amino acids, vitamins and inorganic salts to regulate the cell cycle of the in-vitro growing cells. It helps to maintain the osmolarity and pH of the cultured cells and are designed to facilitate the growth of cells or microorganisms.
There are various types of cell culture media present in the market according to variety of usage and material used such as stem cell media, serum-free media and classical media & salts among others. Among these, classical media and salts acquire majority of the market share with ~69% of the proportion in global cell culture media market.
The global cell culture media market is driven by various growth factors such as increasing demand for monoclonal antibodies and vaccine production and high capital funding for cell-based research. Moreover, growth in demand for customized treatment and rising incidences of chronic diseases further adds up to the market growth over the future period. Whereas, lack of skilled personnel for proper handling of culture media, high cost of cell culture media, stringent rules and regulations for process manufacturing and scalability concern may impede the market growth.
Increasing funding for research & development open opportunistic fields for the development of cell culture media industry. Increasing focus of companies towards development of nutrient growth substances plays a crucial role in market growth; some of the major companies profiled in the research report of the global cell culture media market are Atlanta Biologicals, BD, CellGenix, Corning (Cellgro), GE Healthcare, HiMedia, Life Technologies, Lonza, Merck Millipore, Promocell, Sigma-Aldrich, Syniverse Technologies, LLC, Takara, Thermo Fisher and Zenbio among others.
Cell culture media have wide applications in various fields such as Cytogenetic, Gene Therapy, Tissue Culture & Manufacturing and Biopharmaceutical Manufacturing among others. Among these major applications, biopharmaceutical manufacturing acquires ~45% of the market share from the global cell culture media market.
The geographical study of the global cell culture media market includes analysis of market on regional levels of North America, Europe, Latin America, Asia Pacific and Rest of the World.
The North America Cell Culture Media Market dominated the global cell culture media industry with more than 35% of the market share in the year 2018. The regional dominance is majorly contributed by the presence of major biotech and pharmaceutical companies related with the cell culture media in the U.S.
The Europe Cell Culture Media Market accounted for second largest market position in the global cell culture media industry. The Europe market growth is majorly contributed by strong foothold of Germany in the medical research field and increasing investment in biotechnology research in the country by government and private companies.
The Asia-Pacific cell culture media market growth is backed on China and India as the major contributor; while Brazil hold the significant share in the Latin America cell culture media industry, due to increasing biotechnology industrial base in the region.
The Middle East & Africa cell culture media market growth is attributed to development of healthcare infrastructure, increasing research activities in the cell culture media field and increasing pharmaceutical industry development in the region.
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