Press release
Gene Therapy Cell Market 2021: Global Industry Size, Growth, Share, Segments and 2027 Forecast
Gene Therapy Cell Culture Media Market
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Increase in investments and funding for R&D, innovation in life sciences act as the major driving forces of the global gene therapy cell culture media market. Furthermore, growth in awareness regarding gene therapy is expected to rise in demand notably contribute toward the growth of the market.
Covid-19 Scenario
There has been increase in demand for media such as improved protein-free media for growth and development of viral vectors during the pandemic.
The demand of gene and cell therapy for development of Covid-19 vaccine has been increased in clinical trials as many gene therapy companies perceive this as an opportunity to find vaccine.
The adenoviruses segment to maintain its lead position by 2027
Based on viral vectors type, the adenoviruses segment accounted for the highest share in 2019, contributed to more than one-fifth of the global gene therapy cell culture media market, and is estimated to maintain its lead position by 2027. This is attributed to increase in government support and ethical acceptance of gene therapy for cancer treatment. Moreover, the lentiviruses segment is expected to manifest the largest CAGR of 18.0% during the forecast period. This is due to increase in prevalence of genetic disorders, cancer, and infectious diseases along with rise in number of clinical studies.
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The global gene therapy cell culture media market is segmented on the basis of media type, viral vectors type, end use and region to provide a detailed assessment of the market. By media type, the market is divided into serum containing media, serum free media, stem cell media, specialty media, chemically defined media, lysogeny broth, custom media, and others. By viral vectors type the market is divided into retroviruses, lentiviruses, adenoviruses, adeno associated virus, herpes simplex virus, poxvirus, vaccinia virus, and others.
In 2019, North America accounted for the major share of gene therapy cell culture media market size and is expected to continue this trend owing to surge in prevalence of cancer and rise in cancer related research. Furthermore, due to presence of majority of key players boost the growth of the market in the region. Moreover, other factors such as surge in health expenditure also boost the growth of the gene therapy cell culture media market in North America.
However, Asia-Pacific is expected to exhibit fastest growth rate owing to surge in awareness related to use of gene therapy cell culture media technique, development of the R&D sector and surge in research funding. Furthermore, focus of leading manufacturers on expanding their geographical presence in emerging Asia-Pacific countries to capture high market share is expected to drive the growth of the gene therapy cell culture media market in the region.
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Leading market players
Fujifilm Holdings Corporation
HiMedia Laboratories Pvt. Ltd.
Lonza Group Ltd.
Sartorius AG
Thermo Fisher Scientific Inc.
Merck KGaA
Danaher Corporation
Takara Holdings Inc.
Novartis International AG
Bio-Techne Corporation
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