The recently published report titled, “Cell Culture Market: Opportunity Analysis and Future Assessment 2022-2030” in the database of the Reports and Insights be of assistance to a paradigm solution for clearer and greater understanding of the market. It is beneficial in determining the size of the market for particular products. These leading players functioning in this market are in rigorous competition in terms of innovation, technology, product pricing and product development. Moreover, the market study helps in establishing sales prophecies for its products and therefore, creating symmetrical adjustment between demand and supply of its products.
The cell culture market is estimated to reach at a value of US 21.1 Bn by the end of 2022 and expected to reach at a value of US$ 47.3 Bn by 2030 with a significant CAGR of 10.7%.
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Cell Culture Introduction
Cell culture is a billion-dollar market with primary applications in cancer therapeutics and diagnosis, stem cell research, vaccine production, drug discovery, and development, etc. among others. The growth of the biopharmaceutical industry is creating a huge demand for cell culture products.
The cell culture industry began to take shape in the late 1980s but cell culture is being used in biological sciences for over 5 decades. However, the latest advances such as 3D cell culture techniques are expected to boost the growth of the global cell culture market. Application of cell culture techniques in production such as for monoclonal antibody production is relatively new and is growing at the fastest rate as the majority of molecules in the pipeline of big pharma players are antibody-based drugs.
Protein expression is another important application area of cell culture and is growing at a rapid pace owing to the increasing importance of biotechnology research.
Cell Culture Market Dynamics
The growing importance of molecular biology research and development is expected to further push the global cell culture market towards growth over the forecast period.
The use of cell culture techniques in production is growing at the fastest rate such that conventional manual small scale production is unable to fulfill the growing demands of new-age molecular biology products. This has stimulated the advancements in the cell culture techniques which in turn aid the growth of the market over the forecast period of 2020-2028.
The introduction of single-use technology has made cell culture activities more economic and is thus pushing the growth of the cell culture market. Stringency in regulations and the requirement of highly skilled personals for handling critical cell culture operations were found to be challenging factors to the growth of the cell culture market.
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Cell Culture Market Segmentation
The cell culture market is segmented on the basis of product type, application, end-user, and region. On the basis of product type, the global cell culture market is segmented into equipment (further segmented into bioreactors, cell culture vessels) and consumables (media and reagents).
On the basis of application, the global culture market is segmented into cancer research, vaccine production, drug discovery and development, stem cell research, and others.
By end-user, the cell culture market is segmented into pharmaceutical companies, biotechnology companies, life science industry, academic and research institutes, etc.
The cell culture market is expected to increase at a robust CAGR over the forecast period owing to the increasing R&D expenditure by biotechnology companies and technological advancements.
Cell Culture Market Key Players
The cell culture market is mainly dominated by Thermo Fisher Scientific Inc., Merck KGaA, Lonza AG, Eppendorf AG, Promocell GmbH, GE Healthcare, Sartorius AG, Becton Dickinson and Company, and others. Product diversification through consolidation is the major trend observed in the global cell culture market.
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