Press release
Cell Culture Media Market Size Is Expected to Reach USD 2070 Million at a 6.9% CAGR By 2023
Cell Culture Media Market
The Cell Culture Media Market is rising in the biotechnological sector due to its increasing use in the growth of cells, cell lines, and microorganisms. Global Cell Culture Media Market is anticipated progress at a 6.9% CAGR and worth USD 2,070.71 Mn by the end of the forecast period, says Market Research Future (MRFR).
However, the factors that can impede the market growth include the contamination of media and cost of cell culture media. The significant market drivers for the global cell culture media market growth is the requirement for the additional supplementary reagents and sera that include growth factors, hormones, lipids, minerals, and trace elements. Other market drivers include growing pharmaceutical industry, increasing geriatric population, increasing prevalence of cancer & infectious diseases, and rising biopharmaceutical drugs in the pipeline.
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Cell Culture Media Market Regional Insights
A geographical outlining of the global cell culture media market covers The Americas (North America & Latin America), Europe, Asia Pacific, and the Middle East & Africa (MEA).
The Americas segment has the biggest regional market as North America alone anyways holds the potential of becoming the largest regional market. Adding Latin America to this segment guarantees the position of this segment to be the largest regional market. Due to the availability of progressive medical facilities, North America is a bigger market segment than Latin America. The Americas segment is the largest regional market due to superlative infrastructure, considerable patient pool, and high disposable income. Other factors contributing to the market growth in this region include increasing the prevalence of ailments, increasing awareness among the population, subsequent growing demand for drugs and other medications, presence of major manufacturers, technological brilliance & advancement in the preclinical segment & clinical segment of medical sector, and eagerness to integrate the latest developments in practice. In North America, the USA and Canada are the backbones of the market in this region. A sizable contribution to the market also comes from Latin America.
Europe is the second-largest regional market due to the increasing number of pharmaceutical manufacturers, high disposable income, surging healthcare spending, improving economies, and rising number of government initiatives as well as investment to promote research for finding a cure to the increasing number of chronic ailments. Due to the reasons that are same as The Americas, Western Europe is a bigger market segment compared to Eastern Europe. In Western Europe, the important country-specific markets are France, Germany, Italy, Spain, and the UK.
The Asia Pacific region is the third-largest regional market due to developing healthcare infrastructure, low labor cost, low manufacturing cost, the presence of many research organizations, and increased investments by the American and European market giants in Asian countries like China and India. Australia holds 10.7% of the market share. Other big-league country-specific markets in this region are Japan and South Korea. An analysis of the remaining countries in the Asia Pacific region featured in this report estimates the huge contribution to market revenue from some other countries.
MEA region is a small regional market due to meager income and less economic developments. However, during the forecast period, the cell culture media market in this region is expected to grow due to the demand for better healthcare facilities in the countries of this region, increasing awareness among people, and the rising disposable income.
Cell Culture Media Market Segmentation:
The global cell culture media market includes product type, application, and end user for a detailed segmentation. The report contains several factorial details that can be explored later for better understanding of the market flow. This report has been bolstered by diverse volume-wise and value-wise take which MRFR’s analysts have curated for better detailing.
By product type, the cell culture media market includes reagents, media, and sera.
By media, the cell culture media market comprises stem cell media, classical media, serum-free media, and others. The segment of stem cell media includes mesenchymal stem cells (MSCs), neural stem cells (NSCs), bone marrow, and embryonic stem cells (ESCs).
By application, the cell culture media market includes tissue-culture & manufacturing, biopharmaceutical, cytogenetic, gene therapy, and others.
By end user, the cell culture media market encompasses hospitals & diagnostics centers, academic & research laboratories, biopharmaceutical companies, and others.
Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/cell-culture-media-market-4462
Cell Culture Media Market Competitive Landscape:
Companies are getting involved in a more intense way to make sure that their impact lasts long ion the cell culture media market, and they can take the market forward. For this, they are incorporating various tactical moves to ensure better progress in the coming days. MRFR incorporated several companies for the report to get a comprehensive overview of the coming years. These companies are Bio-Rad Laboratories, Inc. (US), Merck KGaA (Germany), Lonza (Switzerland), Thermo Fisher Scientific Inc. (US), Becton, Dickinson and Company (US), GE Healthcare (US), Corning Incorporated (US), HiMedia Laboratories (India), The Sartorius Group (Germany), Sera Scandia A/S (Denmark), PromoCell (Germany), and Fujifilm Holdings Corporation (Japan).
Nucleus Biologics announced the launch of their Concierge Media Manufacturing Services. The company has made a name in precision cell culture. This new launch would help the company to accelerate the process of discovery to cure of various treatments and customization as per the demand.
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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
Contact:
Akash Anand
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
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