Cell Culture Market worth $33.1 billion by 2025 - Leading Key Players are Thermo Fisher Scientific (US), Merck KGaA (Germany), GE Healthcare (US)

According to the new market research report "Cell Culture Market by Product (Consumables (Media, Serum, Vessels), Equipment (Bioreactor, Centrifuge, Incubator, Autoclave)), Application (Therapeutic Proteins, Vaccines, Diagnostics, Stem cells), End User (Pharma, Biotech) - Global Forecast to 2025", published by MarketsandMarkets™, the Cell Culture Market is projected to reach USD 33.1 billion by 2025 from USD 19.0 billion in 2020, at a CAGR of 11.8% during the forecast period.

Browse in-depth TOC on "Cell Culture Market"
224 – Tables
38 – Figures
234 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=559&utm_source=openpr&utm_medium=paidpr

Growth in this market is driven by the growing awareness about the benefits of cell culture-based vaccines, increasing demand for monoclonal antibodies, rising funding for cell-based research, growing preference for single-use technologies, and increasing focus on personalized medicine. The growing demand for 3D cell culture, the growing risks of pandemics and communicable diseases, and emerging economies are expected to offer significant growth opportunities for the players operating in the global cell culture market.

The COVID-19 outbreak has boosted research activity due to efforts to understand the dynamics of the infection. We estimate that the cell culture product's adoption for the development of vaccines will grow at a stable pace in the next 1-2 years. Due to the increase in research activity, both the availability of funding for research and the demand for high-throughput technologies are expected to grow.

The consumables segment is expected to grow at the highest CAGR during the forecast period

By product, the cell culture market is segmented into equipment and consumables. The consumables segment accounted for the largest market share in 2019 and is expected to register the highest CAGR during the forecast period. The dominant share and high growth of the consumables segment can be attributed to the repeated purchase of consumables and increased funding for cell-based research.

The biopharmaceutical production application segment is expected to grow at the highest CAGR during the forecast period

Based on application, the cell culture market is categorized into biopharmaceutical production, stem cell research, diagnostics, drug screening & development, tissue engineering and regenerative medicine, and other applications. The biopharmaceutical production application segment is expected to register the highest CAGR during the forecast period. This segment's high growth is attributed to the commercial expansion of major pharmaceutical companies, growing regulatory approvals for the production of cell culture-based vaccines, and an increase in the demand for monoclonal antibodies (mAbs).

The pharmaceutical & biotechnology end-user segment is expected to account for the largest share of the market

The cell culture market, by end-user, is segmented into pharmaceutical & biotechnology companies, hospitals & diagnostic centers, academic & research institutes, and cell banks. The pharmaceutical & biotechnology companies segment accounted for the largest market share in 2019. The large share of this segment can be attributed to the increased funding and government support for cell-based research,the increasing number of regulatory approvals for cell culture-based vaccines, and the presence of a large number of pharmaceutical players in this market are driving the market for this segment.

Get 10% Customization on this Research Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=559&utm_source=openpr&utm_medium=paidpr

Asia Pacific is expected to account for the highest CAGR for players operating in the Cell culture market

The Asia Pacific market is expected to grow at the highest CAGR from 2020 to 2025. The favorable regulatory guidelines, the growing presence of market players in emerging economies, favorable government investments in the life sciences sector, and growing biotechnology research in APAC countries are expected to drive the growth of this regional market during the forecast period. Furthermore, the increasing focus on Asia Pacific countries due to their low-cost manufacturing advantage is expected to provide growth opportunities for manufacturers.

The prominent players in this market are Thermo Fisher Scientific (US), Merck KGaA (Germany), GE Healthcare (US),Danaher Corporation (US), Lonza Group AG (Switzerland), Becton, Dickinson and Company (US), Corning Incorporated (US), Eppendorf (Germany), HiMedia Laboratories (India), Sartorius AG (Germany), PromoCell GmbH (Germany), FUJIFILM Irvine Scientific (US), InvivoGen (US), CellGenix GmbH (Germany), SeraCare Life Sciences Incorporation (US), MiltenyiBiotec (Germany), STEMCELL Technologies, Inc. (Canada), Solida Biotech GmBH (Germany), Caisson Labs Inc. (US), Cellexus Ltd, (UK), PIERRE GUÉRIN (France), Applikon Biotechnology BV (Netherlands), WISENT Inc. (Canada), Koh Jin-Bio Co., Ltd. (Japan), PAN-Biotech GmbH (Germany), and Infors AG (Switzerland).

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=559

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.