Impact of Covid-19 on Gene Therapy Cell Culture Media market 2019 [ PDF ] with CAGR of the End 2026 | Lonza, HiMedia, GE Healthcare, etc.

The gene therapy cell culture media market was valued at 152.67 million in 2019 and is expected to record a CAGR of 10.87% during the forecast period, 2020–2029. Gene therapy and cell culture media refer to an experimental technique used for treating or preventing diseases. The technique includes replacing a default gene with a healthy gene and inactivating the function of the faulty gene. Cell culture media is composed of appropriate levels of amino acids, inorganic salts, vitamins, glucose, and serum, among others. The media requires additional supplementary reagents and sera such as hormones, growth factors, trace elements, lipids, and minerals for the cell cultures to grow and survive in the incubation environment.

The market's most prominent driver is the increased funding for R&D activities on gene therapy cell culture media. For instance, on April 11th, 2019: Asklepios Biopharmaceutical Inc. invested about USD 235 million in R&D activities for performing extensive clinical trials of gene therapy.

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The Major Players Covered in this Report: Lonza, HiMedia, GE Healthcare, FUJIFILM Irvine Scientific, R&D Systems, Inc. (Bio-Techne), Thermo Fisher Scientific and Sartorius AG., & More...

By Type: Lysogeny Broth, Chemically defined media, Serum free media, Specialty media, Stem cell media, Custom media, Others
By End User: Pharmaceutical & Biotechnology companies, Academic institutions, Research laboratories, Others

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Gene Therapy Cell Culture Media in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Gene Therapy Cell Culture Media market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Gene Therapy Cell Culture Media and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Gene Therapy Cell Culture Media. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Recent Developments
On August 21st, 2019, Pfizer invested USD 500 million for establishing new manufacturing and research facilities for gene therapy in Stanford, North Carolina.
On January 28th, 2020, FDA announced the Orphan Drug Regulation, which involves guidance on gene therapy manufacturing and clinical development of products, interpretation, and maintaining similarity of gene therapy products
On November 12th, 2019, Merck signed a license agreement with Evotec SE. The agreement provides Evotec access to Merck's foundational CRISPR intellectual property rights
On May 6th, 2013, Roche and BioLamina signed an R&D agreement to jointly develop new cell culture systems for various applications that highly integrates stem cell research. As per the agreement, Roche will offer R&D funding and scientific expertise to BioLamina
On April 10th, 2018, Lonza Group Ltd. established a new manufacturing facility in the U.S. to increase its production capacity in terms of viral gene and virally modified cell therapy products
On June 17th, 2015, WuXi AppTec's partnered with the University of Pennysylvania to develop viral vectors in gene therapy

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