Unprecedented Growth Projected for Cell Culture Market

The cell culture market has experienced rapid expansion, surging from $25.14 billion in 2023 to $28.16 billion in 2024, reflecting a remarkable compound annual growth rate (CAGR) of 12.0%. Projections suggest robust growth, with the market reaching $40.3 billion by 2028, showcasing a sustained CAGR of 9.4%. Key drivers shaping this trajectory are detailed below.

Chronic Disease Prevalence Drives Demand for Cell Culture Consumables and Equipment
The escalating prevalence of chronic diseases, encompassing cancer, diabetes, heart diseases, obesity, and hypertension, is a prime catalyst for the burgeoning cell culture consumables and equipment market. Chronic diseases often involve the loss or damage of specific cell types, and cell culture technology facilitates the generation of new cells to replace those lost or damaged. With chronic diseases causing 41 million deaths annually, accounting for 74% of global fatalities, there is an escalating demand for equipment capable of producing new cells outside the natural environment, fueling market growth.

Funding for Cancer Research Spurs Cell Culture Market
Increased funding for cancer research is expected to be a driving force behind the growth of the cell culture consumables and equipment market. The allocation of substantial financial resources, exemplified by the National Cancer Institute receiving a budget of $7.3 billion in fiscal year 2023, plays a pivotal role in advancing cell culture technology. This funding surge is integral to the development, progression, and accessibility of cell culture consumables and equipment, underscoring the market's upward trajectory.

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Growing Investment in 3D Cell Culture Technologies
Investments in 3D cell culture consumables and equipment are witnessing a surge due to their innovative features. 3D cell culture involves cultivating living cells within micro-assembled devices, creating a three-dimensional structure that mimics natural tissues or organs. This method offers greater structural complexity compared to traditional 2D cell cultures, enhancing relevance. In August 2021, Amerigo Scientific launched 3D cell cultures designed specifically for research purposes, indicative of the growing investment in this technology.

Coated Microplates Revolutionize Cell Culture Consumables and Equipment
Major companies in the market are placing increased emphasis on introducing coated microplates to gain a competitive edge. These laboratory instruments, featuring surface coatings of various materials, such as proteins, antibodies, antigens, enzymes, or chemical compounds, find utility in biological and chemical assays. For instance, Porvair Sciences introduced Sero Krystal PDL microplates in April 2022, coated with Poly-D-Lysine (PDL) to enhance cell attachment and growth. These innovations cater to various applications, including cell-based assays, high-throughput screening, and drug discovery.

Regional Dynamics and Market Segmentation
North America claimed the largest share in the cell culture consumables and equipment market in 2023, with Western Europe following as the second-largest region. The comprehensive market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Market Segmentation:
• By Product: Consumables, Instruments
• By Application: Vaccination, Toxicity testing, Cancer Research, Drug Screening and Development, Recombinant Products, Stem cell technology, Regenerative Medicine, Other End Users
• By End User: Industrial, Biotechnology, Agriculture, Other End Users
• Subsegment: Media, Sera, Reagents, Cell Culture Vessels, Bioreactors, Biosafety Cabinets, Carbon Dioxide Incubators, Centrifuges

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Cell Culture Consumables And Equipment Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Cell Culture Consumables And Equipment Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on cell culture consumables and equipment market size, cell culture consumables and equipment market drivers and trends, cell culture consumables and equipment market major players, cell culture consumables and equipment market competitors' revenues, cell culture consumables and equipment market positioning, and cell culture consumables and equipment market growth across geographies. The cell culture consumables and equipment market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the cell culture consumables and equipment market report and tap into segments with the highest growth potential.

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