Cell Culture Market Poised for Exponential Growth, Forecasted to Reach $48.63 Billion by 2029

Meticulous Research®, a distinguished leader in the field of market research, has recently unveiled a comprehensive research report titled, 'Cell Culture Market by Product [Consumables (Media, Reagents, Sera, Cell Lines), Equipment (Bioreactor, Centrifuge, Cell Counter)], Application (Bioproduction, Cancer Research, Stem Cell, Diagnostic), End User (Pharma, Academic) - Global Forecast to 2029.'

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In this latest publication, Meticulous Research® forecasts a remarkable growth trajectory for the cell culture market, projecting a Compound Annual Growth Rate (CAGR) of 11.7% during the forecast period spanning 2022 to 2029. The market is anticipated to achieve a valuation of $48.63 billion by 2029. The driving forces behind this substantial growth include the burgeoning biopharmaceutical market, the rising incidence of chronic diseases, escalating demand for monoclonal antibodies, augmented research funding, and the increasing adoption of single-use technologies.

Moreover, the market is poised to capitalize on significant growth opportunities propelled by the surging adoption of 3D cell culture and the expanding realm of personalized medicines.

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Delving into the market segmentation, the report meticulously categorizes the cell culture market by Product, including Consumables (Media, Reagents, Sera, Cell Lines), and Equipment (Bioreactors, Biosafety Cabinets, Incubators, and more). Furthermore, the study scrutinizes the diverse Applications of cell culture, encompassing Bioproduction, Cancer Research, Drug Screening & Development, Stem Cell Research, and various other applications. The End User segment includes Pharmaceutical & Biotechnology Companies, Academic & Research Institutes, and other end users.

Highlighting the product segmentation, the report emphasizes that in 2022, the consumables segment is poised to dominate the cell culture market. This dominance is attributed to the growing demand for cell culture techniques across diverse applications, resulting in the frequent utilization of consumables such as media, reagents, sera, and cell lines at every stage of the cell culture process.

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The application segment analysis reveals that the bioproduction segment is anticipated to hold the largest market share in 2022. This is driven by the escalating demand for biopharmaceutical products, including monoclonal antibodies, vaccines, therapeutic proteins, and gene therapies.

Examining the end user segment, the report projects that pharmaceutical & biotechnology companies will command the largest share in 2022. This is attributed to the presence of major biotech companies, the proliferation of startups, expansion initiatives by companies, and a heightened focus on research activities.

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Geographically, the report provides a thorough analysis of major regions, with North America projected to dominate the cell culture market in 2022, followed by Europe and Asia-Pacific. Factors contributing to North America's dominance include a well-established healthcare system, widespread adoption of advanced technologies, a high prevalence of non-communicable diseases, robust pharmaceutical research, ongoing capacity expansions by biopharmaceutical manufacturers, and the presence of major industry players.
The research report also features a comprehensive list of key players in the cell culture market, including Merck KGaA, Thermo Fisher Scientific Inc., Cytiva, Lonza Group Ltd., Corning Incorporated, Becton, Dickinson and Company, Avantor, Inc., Bio-Rad Laboratories, Inc., HiMedia Laboratories, Sartorius AG, Eppendorf SE, FUJIFILM Holdings Corporation, Agilent Technologies, Inc., Getinge AB, Greiner Bio-One GmbH, and Miltenyi Biotec B.V. & Co. KG. These key players contribute significantly to the growth and innovation within the cell culture market.

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This release was published on openPR.