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Cell Culture Media Market Report 2024: Trends, Share, Size, In-Depth Analysis And Forecast To 2033
Cell Culture Media Market
As per the report, the cell culture media market size has grown rapidly in recent years. It will grow from $4.84 billion in 2023 to $5.46 billion in 2024 at a compound annual growth rate (CAGR) of 12.8%. The cell culture media market size is expected to see rapid growth in the next few years. It will grow to $8.91 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%.
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Rising Pharmaceutical Drug Manufacturing Fuels Growth In The Cell Culture Media Market
The increase in the manufacturing of pharmaceutical drugs is expected to propel the cell culture media market going forward. Pharmaceutical drugs refer to medications or substances used for the prevention, treatment, or diagnosis of medical conditions in humans or animals. The surge in pharmaceutical drug manufacturing can be attributed to the increased prevalence of chronic and infectious diseases and the growing aging population, which necessitates a higher demand for medications to manage age-related conditions and ailments. Cell culture media provide the essential nutrients and environment for the growth and maintenance of cells used in pharmaceutical drug manufacturing, ensuring optimal cell growth and the production of desired therapeutic proteins or molecules. For instance, in June 2023, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based European trade association representing the pharmaceutical industry, the total bio-pharmaceutical production in Europe accounted for $384,200 million (€340,000 million) in 2022, an increase of approximately 4.95% from $366,267 million (€323,950 million) in 2021. Therefore, the increase in the manufacturing of pharmaceutical drugs is driving the growth of the cell culture media market.
Advancements In Cell Culture Media For Enhanced Biopharmaceutical Manufacturing
Major companies operating in the cell culture media market are focusing on developing innovative culture cell media, such as chemically defined and animal-component-free formulations, to gain a competitive edge in the market. Chemically defined and animal-component-free formulations aim to optimize cell growth and protein production, ultimately improving the scalability and efficiency of biopharmaceutical manufacturing processes. For instance, in July 2023, Lonza Group Ltd., a Switzerland-based healthcare company, launched TheraPRO CHO Media System, an innovative cell culture platform designed to enhance productivity and quality in therapeutic protein manufacture. This new system is tailored to optimize therapeutic monoclonal antibody production and features a chemically defined, animal-component-free, two-part production process, simplifying media preparation and ensuring scalability.
The cell culture media market covered in this report is segmented -
1) By Type: Liquid Media, Semi-solid And Solid Media
2) By Product: Serum Free Media, Classical Media, Stem Cell Culture Media, Specialty Media, Chemically Defined Media, Other Cell Culture Media
3) By Application: Biopharmaceutical Production, Diagnostics, Drug Screening And Development, Tissue Engineering And Regenerative Medicine, Other Applications
4) By End User: Biotechnology And Pharmaceutical Industry, Academic Institute, Research Laboratory, Other End Users
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Major companies operating in the cell culture media market are Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, Becton Dickinson and Company, Corning Incorporated, Lonza Group AG, Sartorius AG, CYTIVA Lifesciences, Bio-Rad Laboratories Inc., STEMCELL Technologies Inc., Miltenyi Biotec, Takara Bio, MP Biomedicals, FUJIFILM Irvine Scientific Inc., Promocell Inc., InSphero AG, PeproTech Inc., HiMedia Laboratories Pvt. Ltd., Elabscience Biotechnology Inc., Capricorn Scientific GmbH, CAISSON Laboratories Inc., Cell Biologics Inc., Nucleus Biologics LLC
Contents of the report:
1. Executive Summary
2. Cell Culture Media Market Report Structure
3. Cell Culture Media Market Trends And Strategies
4. Cell Culture Media Market - Macro Economic Scenario
5. Cell Culture Media Market Size And Growth
…..
27. Cell Culture Media Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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