Future Growth of Worldwide “Cell Culture Media Market” Is Expected To Reach USD 1,290.1 Million By 2023

“Cell Culture Media Market”
Market research future has a cooked research report on Global Cell culture media Market.Cell Culture Media Market is Expected to Reach USD 1,290.1 million by 2023

A cell culture medium or a growth medium is designed to support the growth of microorganisms or cells. It is among one of the major techniques in the life science domain. Cell culture generally comprises of removing of organs cells or tissue from an animal or plant body and then subsequently introducing them to an artificial environment productive for their growth and survival. The key factors essential for cell growth are proper growth medium and incubators to regulate correct pH and osmolality, temperature control and substrate for cell attachment.

Report published by Market Research Future on Cell Culture Media Market states that, the global cell culture media market is expected to reach USD 1,290.1 million by 2023 while growing at a CAGR rate of 9.1%.Owing to several factors the market expected to be on an upward growth trend in the coming years. Recent developments in the field of biotech and the increase in demand for new bio pharmaceutical products have led to an increase in the field of R&D. Since cell culture media is essential to carry out the day to day activities, their demand has also grown exponentially.

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The growth of the cell culture media market can be attributed to growth in the demand for biotechnology products, surge in the number of biotech firms around the world, high ROI rates, technology growth has led to various growth opportunities in the sector. Incidence of new diseases and contagious infections also necessitates the need for R&D which in turn requires the use of cell culture medias for this purpose. Increase in demand for cell therapy research and drug discovery research have also led to an increase in the market for cell culture media.

There are however some factors that may limit the growth of this sector such as scalability concerns of the sector, ethical concern over the usage of animal sources in cell culture stringent regulations which have led to scarcity of serum and animal components, rules for process manufacturing and high cost of cell culture media. 

Latest Industry News:

1st November, 2017 Merck has signed a memorandum of understanding with Samsung Biologics extending its agreement to supply raw materials for biopharmaceutical manufacturing. As per the agreement, Merck’s life-science business MilliporeSigma will provide cell culture media among other deliverables to Samsung Biologics to help accelerate biologics development.

15th May 2017 MilliporeSigma has recently launched industry’s first off-the-shelf cell culture media for perfusion processes. This first off-the-shelf, high-density cell culture will facilitate high productivity at low perfusion rates, increasing production yield and speed to clinic.

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Cell Culture Media Market – Competitive Analysis

With the entry of new industry players in the cell culture media segment, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced product types in the segment. Companies are aiming to capture, expand & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Effective planning is essential in terms of R&D and product quality improvements so as to gain maximum returns on investment.

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

Cell Culture Media Market – Segments

The cell culture media market is segmented on the following categories:

On The Basis Of Type: Lysogeny Broth, Chemically Defined Media, Protein Free Media, Serum Free Media, Classical Media, Custom Media, and Others.

On The Basis Of Applications: Drug Discovery And Drug Development, Toxicity Testing, Cancer Research, Genetic Engineering, Tissue Engineering & Biochemistry, Stem Cell Research, And Others.

On The Basis Of End Users: Biotechnology & Pharmaceutical Companies, Research Laboratories, Academic Institutes, Pathology Labs, and Others.

On The Basis Of Region: North Americas, Europe, Asia Pacific and Middle East & Africa.

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Cell Culture Media Market – Regional Analysis

In regards to the global scenario of the market, North Americas region accounted for 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 % during the forecast period 2017-2023. Europe is expected to be the second largest global cell culture market in terms of regions and 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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