Press release
Cell Culture Media Market Is At A CAGR of 11.7% During 2022-2032 | HIMedIa, LaboratorIes Pvt, Lonza Group,Merck
The global Cell Culture Media Market was valued at 4.2 billion in 2022 and it is anticipated to grow up to USD 12.7 billion by 2032, at a CAGR of 11.7% during the forecast period.Download Free Sample of Report - https://www.globalinsightservices.com/request-sample/GIS20880
Cell culture media is a liquid solution that contains all the nutrients and growth factors necessary to support the growth of cells in vitro. The composition of cell culture media varies depending on the specific requirements of the cells being cultured, but typically includes a source of energy (e.g. glucose), amino acids, vitamins, minerals, and growth factors.
Market Trends and Drivers
The expansion of clear, regulatory approval paths for biosimilars in emerging markets is generating more opportunities for biosimilar monoclonal antibodies.
Moreover, the reduction of manufacturing costs has become one of the most significant technological advantages for a biosimilar manufacturer. Therefore, the capability to imitate the biologically active molecule at the lowermost possible cost via cell culture has become important for efficient biosimilar development. In the last few years, stem cell therapy has become an advanced and promising scientific research area. The development of treatment methods has induced great opportunities. Moreover, there is growing interest in improving the stem cell culture, because this technology is being used extensively in research for studying the stem cell biology, as well as for therapeutic applications. In addition, funding related to this research filed has augmented in recent years which has further accelerated the growth of research.
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Major Players in the Global Cell Culture Media Market
Market players are focusing on strategic collaborations to enhance their product offerings. Some prominent participants in the global Cell Culture Media market include Avantor Performance Materials, LLC, Becton, Dickinson and Company, Bio-Rad Laboratories Inc., Corning Incorporated, Fujifilm Holdings Corporation, GE Healthcare, HiMedia Laboratories Pvt., Ltd, Lonza Group Ltd. and Merck & Co., Inc. among others.
COVID-19 Impact:
The outbreak of COVID-19 pandemic has improved the demand for well-established cell-based vaccine production technologies. Moreover, it has given rise to a few scientific innovations, particularly in the production and testing of vaccine technology. For instance, the Vero cell line originated from the African green monkey kidney and has been extensively used for viral vaccine manufacturing. It has also been used for the development of various SARS-CoV variants. ProVeroTM1 Serum-free Medium manufactured by Lonza Bioscience is a protein-free medium, of non-animal origin designed to support the growth of Vero cells and MDCK. Furthermore, cell culture produced AAV vectors have also gained thrust as one of the most effective protein and gene delivery tools in vaccine manufacturing as well as gene therapy. Additionally, key market players are expanding its production capabilities. For instance, in 2021, Sartorius increased its production in all regions due to elevated demand in its core business and to additional customer needs related to COVID-19 therapeutics and COVID-19 vaccines.
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Global Cell Culture Media Market Segmentation
By Type
Liquid Media
Semi-solid And Solid Media
By Product
Serum-free Media
Classical Media
Stem Cell Culture Media
Specialty Media
Chemically Defined Media
Others
By Application
Biopharmaceutical Production
Diagnostics
Drug Screening And Development
Tissue Engineering And Regenerative Medicine
Others
By End-user
Pharmaceutical And Biotechnology Companies
Hospitals And Diagnostic Laboratories
Research And Academic Institutes
Others
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