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Cell Culture Market Size to Experience Exponential Growth: Key Players, Share, and Future Perspective in Focus with 11.61% CAGR Surge by 2030

06-07-2024 01:20 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Insightace analytic

Cell Culture Market Size to Experience Exponential Growth: Key

InsightAce Analytic announces the release of a market assessment report on the "Global Cell Culture Market Size, Share & Trends Analysis Report By Consumable (Media, Sera, Reagents), By Product (Culture Systems, Centrifuges, Incubators, Cryostorage Equipment, Biosafety Equipment), By Application (Biopharmaceuticals, Tissue Culture & Engineering, Vaccine Production, Drug Development, Gene Therapy, Toxicity Testing, Cancer Research)- Market Outlook And Industry Analysis 2031"

The Global Cell Culture Market Size is valued at USD 27.48 billion in 2023 cell culture and is predicted to reach USD 65.13 billion by the year 2031 at a 11.61% CAGR during the forecast period for 2024-2031.

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The demand for cytological services provided by contract research organizations is expected to rise due to the high cost and specialized knowledge required to establish a cell culture infrastructure. Additionally, research into regenerative therapy has made significant strides due to the substantial investments in this field in recent years. The market is expected to expand rapidly shortly, as cell culture techniques are a critical component of these research applications.

It is also expected that the adoption of cell culture technology will be stimulated by the significant unmet medical requirements in emerging economies and the ongoing advancements in regenerative medicine. The sector also benefits from government initiatives. For example, in January 2022, the New Medicines & Clinical Trials Rules were amended by the Union Health Ministry of India to encompass novel pharmaceuticals that were produced from cells or stem cells. This established a robust regulatory framework for the nation's cell-derived product manufacturing, which is expected to have a positive effect on the industry's growth..

List of Prominent Players in the Cell Culture Market:
• Lonza Group AG
• Meissner Filtration Products Inc.
• Merck KGaA
• Miltenyi Biotec
• Pan-Biotech GmbH
• Adolf Kühner AG
• Agilent Technologies, Inc.
• ANGUS Chemical Company
• Becton, Dickinson and Company
• Bio-Rad Laboratories, Inc.
• Biospherix Ltd.
• Bio-Techne Corporation
• Caisson Laboratories Inc.
• Cellexus
• Corning Incorporated
• Danaher Corporation
• Eppendorf AG
• FUJIFILM Irvine Scientific, Inc.
• Getinge AB
• HiMedia Laboratories
• InvivoGen

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Market Dynamics:
Drivers-
Numerous biotech and pharmaceutical companies, governments from a variety of countries, and research institutions have begun to focus on the development of novel medications and efficient vaccines in response to the emergence of COVID-19. Cell culture may facilitate the development of novel vaccines for the treatment of COVID-19. Additionally, the industry's expansion was significantly influenced by the actions of market participants in this direction. For example, in January 2021, Captivate Bio launched its line of cell culture instruments to assist the United States in combating COVID-19 and other emerging diseases. Therefore, the market's expansion was substantially affected by COVID-19.

Challenges:
The annual production of plastic garbage is substantial due to the dependence of cell culture on plastic consumables. This has had a detrimental effect on the environment. Nevertheless, there are still substantial concerns regarding the disposal of solid refuse through this novel approach. Single-bioprocessing systems are designed using a variety of materials or layers, including polyethene (PE), polypropylene (PP), ethylene vinyl alcohol (EVA), and nylon. It is impossible to recycle these products due to the significant amount of effort required to separate the components into homogeneous components. As a result, most single-e systems and the components comprising them are not suitable for recycling.

Regional Trends:
North America is presently the dominant force in the cell culture market, and this trend is expected to persist throughout the forecast period. The primary reason for this is the increasing demand for personalized treatment, which is also being accompanied by an increase in the demand for vaccines, biopharmaceuticals, and artificial organs, as well as the presence of significant market participants. The American Cancer Society has projected that there will be an estimated 1,918,030 new cases of cancer in the United States in 2022. The increasing prevalence of diseases such as cancer necessitates precision medicine, which drives the market's expansion by increasing the demand for cell culture supplies and consumables.

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Recent Developments:
• In May 2020, In order to continue their COVID-19 therapeutic research activities, four CROs-Charnwood Molecular LTD (U.K.), Reach Separations (U.K.), XenoGesis (U.K.), and Aurelia Bioscience Ltd (U.K.)-built a common effort.

Segmentation of Cell Culture Market-
By Product-
• Culture Systems
• Incubators
• Centrifuges
• Cryostorage Equipment
• Biosafety Equipment
By Consumable-
• Media
• Minimum Essential Media (MEM)
• RPMI 1640 Media
• DMEM/F-12 Media
• F-10 Serum Free Media
• BME Media
• Insect Media
• Other Media
• Sera
• Fetal Bovine Serum
• Other Animal Serum
• Reagents
• Albumin
• Other
By Application-
• Biopharmaceuticals
• Tissue Culture & Engineering
• Vaccine Production
• Drug Development
• Gene Therapy
• Toxicity Testing
• Cancer Research
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

Details insights on this market: https://www.insightaceanalytic.com/report/cell-culture-market/1659

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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