Cell Culture Media Market – Highlights
The global 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%. A cell culture medium is a growth medium designed to support the growth of cells. A cell culture medium is composed of appropriate composition of amino acids, vitamins, inorganic salts, glucose, serum, etc. It may contain additional supplementary factors such as growth factors, hormones, etc., depending on the need of different types of cells.
Cell culture medium are classified into natural media and synthetic media. Natural media consist of naturally occurring biological fluids, while synthetic media have additional components such as serum proteins, carbohydrates, cofactors, vitamins, salts etc. The Natural media has poor reproducibility due to lack of knowledge about exact composition in this media.
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The market for cell culture media is growing at an impressive rate due to various factors such as growing number of biotech firms, growing demand for biotechnology products, high returns on investments, technological advancements, etc. However, contamination of cell culture media, presence of heavy trace elements, high cost of 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 hamper the growth of the market.
Artificial media are further sub-segmented into various types such as serum containing media, serum-free media, chemically defined media, and protein-free media. To overcome the drawbacks of serum in the media, a number of serum-free media have been developed. Chemically defined media contains inorganic and organic ingredients. Protein-free media only contains non-protein constituents to promote superior cell growth and protein expression.
In July 2018, Irvine Scientific, an industry leader in cell culture media, has launched PRIME-XV® NK Cell CDM. It is the first commercially available chemically-defined (CDM), animal component-free (ACF) medium for the ex vivo expansion of Natural Killer (NK) cells.
Cell Culture Media Market – Regional Analysis:
By region, the global cell culture media market has been segmented into North Americas, Europe, Asia Pacific, and the Middle East & Africa. North America accounted for the largest market share of 36.1% in 2016, and it is likely to continue exercising its dominance over the assessment period. The market will thrive at 9.5% CAGR reaching a valuation of USD 478.7 Mn by 2023.
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The growth in Europe is attributable to the rising healthcare expenditure coupled with developed healthcare sector in the region. It will hold the second spot in the global cell culture media market growing at 9.3% CAGR. The valuation of Europe market is likely to reach USD 374.3 Mn by the end of 2023.
Asia Pacific will register the steepest market growth at 9.6% CAGR during the forecast period. The favorable government policies, the booming healthcare sector and developing medical tourism will complement the growth of the market in the region.
Cell Culture Media Market – Segmentation:
By type, the global cell culture media market is segmented into lysogeny broth, chemically defined media, protein free media, serum free media, classical media, custom media, and others. The lysogeny broth segment will hold the maximum market share of 22.5% growing at 9.5% CAGR during the forecast period. The market value of the segment is poised to reach USD 298.6 Mn by the end of 2023.
By applications, the cell culture media market has been segmented into drug discovery and drug development, toxicity testing, cancer research, genetic engineering, tissue engineering & biochemistry, stem cell research, and others. The drug discovery and drug development segment held 23.8% market share in 2016, and the valuation of the segment is expected to reach USD 315.3 Mn by 2023 growing at 9.5% CAGR.
By end-users, the global cell culture media market is segmented into biotechnology & pharmaceutical companies, research laboratories, academic institutes, pathology labs, and others. The biotechnology & pharmaceutical companies segment is expected to capture the most significant market share accounting for 29.3% of the market size growing at 9.4% CAGR. The market value of the segment is likely to reach USD 386.5 Mn by the end of the projection period.
Major TOC of Cell Culture Media Market Research Report – Forecast to 2023:
1 Report Prologue
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Cell Culture Media Market, by Type
7 Global Cell Culture Media Market by Applications
8 Global Cell Culture Media Market, by End User
9 Global Cell Culture Media Market, by Region
10 Company Profiles
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