|03-15-2019 08:11 AM CET - Business, Economy, Finances, Banking & Insurance||
Automated Cell Culture Market To Reach Highest Growth Rate at 8.5% till 2023 | by Tecan Trading AG, Sartorius, TAP Biosystems, Cell Culture Company, LLC, Eppendorf AG., Merck KGaA, Hamilton Company, etc
Press release from: Market Research Future
The Global Automated Cell Culture Market is expected to grow at an estimated CAGR of 8.5% during the forecast period.
Growing biotechnology industries and rising demand for regenerative medicines likely to drive the growth of Global Automated Cell Culture Market during the forecast period 2017-2023
Automated cell cultures are grown and maintained using automated protocols instead of manual controls. It minimizes the human efforts and reduces the chances of contaminations & errors during the cell culture development. Additionally, it makes the process of culturing easy and time savior.
According to the report published by WHO, 8.8 million people died of various cancer in 2015, which has increased R&D in the drug development for cancer, which, in turn, will generate the demand for automated cell culture.
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Various factors, such as rising demand for regenerative medicine, growing biopharmaceutical industries and increasing per capita healthcare expenditures boosts the market. However, lack of awareness, uneven distribution of the technology, and high cost may hamper the market.
Key Players for Global Automated Cell Culture Market
Tecan Trading AG (Switzerland), BD (U.S.), Sartorius (Germany), TAP Biosystems (U.K.), Cell Culture Company (U.S.), Eppendorf AG (Germany), Merck KGaA (Germany), Hamilton Company (U.S.), Thermo Fischer Scientific Inc.(U.S.), Sigma-Aldrich Corporation LLC (U.S.), Octane Biotech (Canada), EMD Millipore (U.S.), Panasonic Technologies (Japan) are some key players in Automated Cell Culture Market.
Segments for Global Automated Cell Culture Market
The automated cell culture market has been segmented on the basis of application, type, end users.
Based on the application, the market has been segmented into drug development, stem cell research, regenerative medicine, cancer research, and others.
Based on type, the market has been segmented into finite cell line cultures and infinite cell line cultures.
Based on consumables, the market has been segmented into media, sera, reagents, and others.
Based on the end users, the market has been segmented into biotech companies, research organizations, academic institutes, and others.
Regional Analysis for Global Automated Cell Culture Market
The American region is leading the automated cell culture market due to the presence of developed countries such as Canada and U.S in the region. The biotechnology industries in this region have advanced technologies and increasing investments in research and development and high per capita healthcare expenditures.
Europe holds the second largest market share owing to high demand for biotechnology and increasing investments in healthcare services. Additionally, rising use of new technologies fuels the market growth in this region.
Asia Pacific region is projected to show fastest growth due to the presence of developing economies like India and China in this region which have developing biopharmaceutical and medical service segments.
The Middle East and African region holds the least market share. The region is expected to grow due to Gulf nation like Saudi Arabia which have well developed biotechnology Sector. However, the African region is expected to grow slowly due to lack of technology, low R & D investments, political barriers and poor economic conditions.
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Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
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This release was published on openPR.
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