Cell Culture Market 2022 Growth Drivers, Competitive Strategies and Forecast up to 2030 | Becton, Merck KGaA, PromoCell GmbH

According to a new report published by Allied Market Research, titled, "Cell Culture Market by Product, Application, and End User: Opportunity Analysis and Industry Forecast, 2020-2027," the global cell culture market accounted for $16,107.7 million in 2019, and is expected to reach $36,926.80 million by 2027, registering a CAGR of 10.9% from 2020 to 2027.

♦ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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Cell culture is a process that involves obtaining cells from animals or plants. The obtained cells are placed in a growth medium. Also, the whole process involves the use of tools, which are called tools. For example, some of the applications include bioreactors, cell culture vessels and others. In addition, bioreactors are used for biological reactions, in which air cells are grown.

In the same way, other tools such as petri dishes are used to hold growing things, in which cells can be grown; The roller bottle rotates slowly, which washes the cells that are attached to the inside in half. Also, things like media, sera, reagents and others are also involved in the cell culture process. For example, sera serve as a source of growth and adhesion factors for growing cells in basal media. In addition, cell culture tools and materials are used in pharmaceutical and biotechnology industries, research laboratories and others.
Covid-19 scenario:

The Covid-19 outbreak has increased the demand for cell culture products to understand the disease and develop therapeutic interventions.
Moreover, cell culture offers an opportunity to understand lung disease mechanisms at a cellular level and target pathogenic processes. This has increased the demand for cell culture products.

♦ 𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭:
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Major market players are -

Becton, Dickinson and Company
Corning Incorporated
Eppendorf
Sartorius AG
Merck KGaA
Lonza Group AG
PromoCell GmbH
Danaher Corporation
Thermo Fisher Scientific
HiMedia Laboratories

By application, the market is segmented into stem cell technology, cancer research, drug research and development, tissue engineering and regenerative medicine, and others. By end user, it is divided into research institutions, pharmaceutical and biotechnology companies, and educational institutions. By region, the cell culture market size is analysed in North America (United States, Canada, and Mexico), Europe (Germany, France, United Kingdom, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and the rest of Asia-Pacific) and LAMEA (Brazil, Saudi Arabia, South Africa and the rest of LAMEA).

In 2019, North America accounted for the largest share of the cell culture market and is expected to continue this trend due to the increase in cancer incidence and the increase in cancer-related research. Also, easy access to cell culture equipment and materials due to the presence of many key players is driving the market growth in the region. In addition, other factors such as increasing healthcare expenditure are also driving the growth of the North American cell culture market.

♦ 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
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This release was published on openPR.