Emerging Opportunities in Cell Culture Market with Current Market Size, Trends And Analysis till 2024

Cell culture is fast emerging as an important tool for diagnosing and clinically treating various disease such as cancer and Alzheimer’s. Companies are focusing on diversifying their cell depository and enhancing their expertise by laying major emphasis on recruitment of highly trained professionals in order to gain a competitive edge in the market. The European Collection of Authenticated Cell Cultures (ECACC) is serving the patent depository for Europe for carrying out research by acting as international depository authority. According to VF Bioscience SAS, cell culture technique is also gaining popularity in the field of food and beverages, a trend that is estimated to gain significant traction in 2017. Furthermore, cell culture are also gaining preference as an important ingredient in production of high quality plant actives.

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Market Dynamics:

Increasing research on personalized therapies and stem cells is driving growth of the market for cell culture. Also, growing organ transplantation and biobanking of cells tissues and organs is driving growth of the market for cell culture instruments and consumables. According to the Global Observatory on Donation and Transplantation (GODT), around 119,873 organs were transplanted worldwide in 2014 (1.81% increase over 2013). The demand-supply gap of organ transplantation is a major problem faced globally. In the U.S. alone, nearly 118,652 patients are waiting for organ transplant (U.S. Department of Health & Human Service, 2017). Using cell culture technique to differentiate cells of liver, heart and nervous system would aid in the treatment of millions of such patients globally. Further, advent of 3D cell culture technique has enabled researchers to understand the body physiology and biological systems much better. Moreover, the spheroid formation and scaffold-based techniques are driving demand for 3D cell culture products.

High Investment in research and development by biotechnological companies:

Players in the global cell culture market are making major investments in R&D to introduce advanced products used in the cell culture process owing to rise in number of application and better return on investment. Furthermore, companies are inclined towards novel product development. For instance, Biovest International, in 2009, has developed a product named AutovaxID-C, which is expected to reshape the biologic production made in the industry. The product favors the automated cell growth by replacing conventional cell growth chambers that use to acquire a large space in the laboratory. Various other factors such as increasing prevalence of chronic diseases, high importance of tissue or organ replacement with cell culture process, and increasing demand for antibody production are in turn projected to fuel cell culture market growth. Also, rise in prevalence of age-related macular degeneration is expected to underpin the cell culture market growth. Eye conditions such as diabetic retinopathy in tune with rise in number of diabetic patients globally in turn creates a conducive environment for growth of the cell culture market. AMD ranks third with a prevalence of around 8.7% globally in 2015, according to W.H.O.

Competitor Analysis:

Some of the major players operating in the Cell Culture Market are,
• Thermo Fisher Scientific Inc.,
• GE Healthcare,
• Corning Inc.,
• Sigma - Aldrich Corporation,
• VWR International,
• LLC,
• Merck KGAA,
• Becton,
• Dickinson and Company,
• Eppendorf AG,
• Sartorius AG
• Lonza Group AG

Market Taxonomy:

This report segments the global cell culture market on the basis of products, applications, end user, and geography. On the basis of product type, the market is segmented into consumables and instruments. The consumables market is categorized into media, sera, and reagents. The instruments market is categorized into culture systems, incubators, pipette, roller bottles, cryostorage equipment and biosafety cabinets. The end users segment comprises academic and research institutes and commercial pharma and biotech product manufacturers. For comprehensive understanding of market dynamics, the global cell culture market is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Detailed Segmentation:

Global Cell Culture Market, By Product Type:
• Instruments
• Consumables

Global Cell Culture Market, By End User:
◦ Academic & Research Institutions
◦ Pharmaceutical and Biotechnology Companies

• Global Cell Culture Market, By Geography:
◦ North America
◦ Europe
◦ Asia-Pacific
◦ Latin America
◦ Africa

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