Cell Culture Media Market Current and Future Trends, Leading Players, Segments and Regional Forecast 2027

Cell culture media is a critical component in the production of cell therapies. Over the last few years, the cell culture media market is growing continually, mainly due to the increasing consumption of products used in the cell culture environment. Besides, increasing demand in the development of biotechnological products and biopharmaceuticals drives the growth of the market. Moreover, rising uses of media in pharmaceutical labs for drug discoveries escalate market growth.

Novel COVID-19 pandemic has prompted the need to create new paradigms that expedite the delivery of proven therapies by the scientific community and industry. The epidemic has undoubtedly given a solid boost to the market growth. According to Market Research Future (MRFR), the cell culture media market valuation is expected to reach USD 2,070.71 MN by 2023, growing at 6.9% CAGR during the assessment period. Discoveries of new medicines demand extensive R&D to be carried out and substantial investments.

Private and public entities make considerable investments in the biotechnology and pharmaceutical domains to drive research and development activities. This research helps bring about innovative treatments and medicines to address the growing prevalence of chronic disease and transplant surgeries. Undoubtedly, improving economic conditions worldwide propels market growth, enabling access to the quality, and improved health care.

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Major Players:

Players active in the cell culture media market include Bio-Rad Laboratories, Inc. (US), Thermo Fisher Scientific Inc. (US), Merck KGaA (Germany), GE Healthcare (US), Becton, Dickinson and Company (US), Lonza (Switzerland), Corning Incorporated (US), PromoCell (Germany), HiMedia Laboratories (India), The Sartorius Group (Germany), Fujifilm Holdings Corporation (Japan), and Sera Scandia A/S (Denmark), among others.

Segmentation

The market for global cell culture media 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 market for cell culture media includes reagents, media, and sera.
• By Media, the market for cell culture media 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 market for cell culture media includes tissue-culture & manufacturing, biopharmaceutical, cytogenetic, gene therapy, and others.
• By End user, the market for cell culture media encompasses hospitals & diagnostics centers, academic & research laboratories, biopharmaceutical companies, and others.

Regional Analysis

The worldwide cell culture media market study based on region is done across the Americas, Asia Pacific, Europe, and the Middle East and Africa.

The Americas can hold the largest share of the worldwide cell culture media market. The large share of the regional market in this region can be attributed to the presence of major manufacturers, prevalence of diseases resulting in high demand for drugs and related medications, and technological advancements in clinical and preclinical segment. The growing awareness among people and increase in disposable income can promote market rise. The surge in cases of cancer and expansion of patient pool can enhance cell culture media market over the forecast tenure in the region.

The expansion of biopharmaceutical sector in Europe region, rise in government initiatives, promotion for research to find a cure, surge in number of chronic ailments, increasing count of pharmaceutical manufacturers, improving economies, and hike in increased healthcare spending can drive the market of cell culture media market in the review tenure.

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In APAC, India is identified as the leading destination for contract research, clinical trials, and manufacturing activities as cost of drug production is low by nearly 33 percent than other the US. Japan is another important country in the Asian region with high annual income and increasing number of registered trials for drug innovation. The introduction of approved biosimilars can promote the cell culture media market in APAC. In the Middle East Asia & Africa, the region is expected to witness several opportunities for research and drug development for new marketers.

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