Press release
Cell Culture Market worth $57.9 billion by 2029
Asia Pacific is anticipated to register fastest growth in the cell culture owing to the increasing focus on advancement of biopharmaceutical industry, high government investments & fundings for R&D, and growing demand for cell and gene therapy.
Cell Culture Market [https://www.prnewswire.com/news-releases/cell-culture-market-worth-57-9-billion--marketsandmarkets-302099363.html] in terms of revenue was estimated to be worth $30.9 billion in 2024 and is poised to reach $57.9 billion by 2029, growing at a CAGR of 13.4% from 2024 to 2029 according to a new report by MarketsandMarkets Trademark . Some of the factors contributing to the growth of the global cell culture market includes increasing fundings and support from government and private organizations for cell-based research, growing popularity for biosimilars and monoclonal antibodies, and growth in advanced therapy medicinal products. However, high cost of cell biology research and limitations in producing high density cell culture are expected to hinder market growth.
Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=559 [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=559&utm_source=ABnewswire&utm_campaign=Paid&utm_content=Referral]
The consumables segment accounted for the largest share of the product segment in the cell culture market in 2023.
Based on products, the cell culture market is segmented into consumables and equipment. Consumables are further segmented into sera, media, reagents; vessels; and accessories. Equipment is further categorized as bioreactors, storage equipment, and other equipment. Consumables segment dominated the market in 2023 and is expected to grow at a higher rate during the forecast. The largest share of the segment is attributed to repetitive purchase of media & reagents, and growing R&D activities to develop and manufacture advanced therapies.
The pharmaceutical and biotechnology companies' segment is estimated to register the highest growth rate during the forecast period in the cell culture market.
Based on end user, the cell culture market is segmented into pharmaceutical & biotechnology companies, hospitals & diagnostic laboratories, research & academic institutes, and other end users. The pharmaceutical & biotechnology companies' segment is estimated to register the highest growth rate during the forecast period. The rising demand for advanced therapies such as regenerative medicine due to increasing prevalence of chronic diseases is expected to boost the growth of pharmaceutical & biotechnology companies' segment in coming years.
The Asia Pacific region is the fastest-growing region of the cell culture market in 2023.
Based on the region, the cell culture market is segmented into major regions: North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The Asia Pacific is anticipated to register fastest growth in the cell culture owing to the increasing focus on advancement of biopharmaceutical industry, high government investments & fundings for R&D, and growing demand for cell and gene therapy.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=559 [https://www.marketsandmarkets.com/requestsampleNew.asp?id=559&utm_source=ABnewswire&utm_campaign=Paid&utm_content=Referral]
Cell Culture Market Dynamics:
Drivers:
* Increasing fundings for cell-based research
Restraints:
* High cost of cell biology research
Opportunities:
* Growth opportunities in emerging economies
Challenge:
* Disposal of plastic consumables
Key Market Players of Cell Culture Industry:
Key players in the cell culture market include Thermo Fisher Scientific Inc. (US), Danaher Corporation (US), Sartorius AG (Germany), Merck KGaA (Germany), Corning Incorporated (US), FUJIFILM Holdings Corporation (Japan), BD (US) Eppendorf SE (Germany), Lonza (Switzerland), Getinge AB (Sweden), Agilent Technologies, Inc. (US), HiMedia Laboratories (India), Miltenyi Biotec (Germany), STEMCELL Technologies (Canada), Solida Biotech GmbH (Germany), Caisson Labs (US), PromoCell GmbH (Germany), InvivoGen (France), PAN-Biotech (Germany), Cellexus (Scotland), Meissner Filtration Products Inc. (US), Adolf Kuhner AG (Switzerland), Bio-Techne (US), Advancion Corporation (US), and BioSpherix, Ltd. (US).
The primary interviews conducted for this report can be categorized as follows:
* By Respondent: Supply Side- 70% and Demand Side 30%
* By Designation: Managers - 45%, CXO & Directors - 30%, and Executives - 25%
* By Region: North America - 40%, Europe -25%, Asia-Pacific -25%, Latin America -5% and Middle East & Africa- 5%
Recent Developments of Cell Culture Industry:
* In September 2023, Thermo Fisher Scientific launched the Gibco CTS Detachable Dynabeads, a groundbreaking platform with an innovative active-release mechanism designed for the clinical and commercial operation of cell therapy manufacturing.
* In December 2023, Danaher acquired Abcam, a provider of validated antibodies, reagents, biomarkers, and assays crucial for drug discovery, life sciences research, and diagnostics. Within Danaher's Life Sciences segment, Abcam will continue to operate independently, aligning with Danaher's mission to advance disease understanding and expedite drug discovery.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=559 [https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=559&utm_source=ABnewswire&utm_campaign=Paid&utm_content=Referral]
Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=cell-culture-market-worth-579-billion-by-2029]
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/cell-culture-market-media-sera-reagents-559.html
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cell Culture Market worth $57.9 billion by 2029 here
News-ID: 3573224 • Views: …
More Releases from ABNewswire
Maple and Mocha Coffee's Holiday Campaign Brings Clean Water to Kirinda Village …
Emerging specialty roaster Maple and Mocha Coffee reports strong holiday season response to its Vermont Maple Pecan blend and clean water initiative. The company's commitment to donating 10% of sales to the Kyempapu Water Project resonates with gift-buyers seeking purpose-driven purchases during the festive season.
The intersection of holiday traditions and social responsibility has found a sweet spot in Maple and Mocha Coffee's Vermont Maple Pecan blend, as conscious consumers embrace…
Female Entrepreneur Disrupts Fashion Industry with Boutique Solving Women's Holi …
Fabulous Knits founder transforms personal shopping frustrations into thriving online boutique serving women 25-65 with unique, well-fitting fashion. The company's rapid growth in under two years demonstrates strong market demand for alternatives to generic retail offerings during peak holiday shopping periods.
In an industry dominated by mass-market retailers and unpredictable overseas suppliers, Fabulous Knits stands as a testament to the power of understanding and solving real customer problems. Founded by a…
Sarasota General Contractor Aegis Construction Services Responds to Growing Hurr …
Sarasota-based Aegis Construction Services expands hurricane restoration work, providing specialized foundation repairs and concrete services following the 2024 storm season across Florida's Gulf Coast.
Aegis Construction Services [http://www.aegisfl.com/] has seen increased demand for specialized construction services following the 2024 hurricane season that impacted Florida's Gulf Coast. The Sarasota-based company has been actively working on structural repairs and complete rebuilds for properties damaged by back-to-back storms.
Hurricane Recovery Projects Highlight Expertise
The company recently…
Uniquely Unique Building And Remodeling LLC Expands Kitchen Remodeling Services …
Uniquely Unique Building And Remodeling LLC expands renovation services in Flat Rock, MI, offering transparent five-step processes for kitchen and bathroom projects with professional design and project management support.
Uniquely Unique Building And Remodeling LLC Expands Kitchen Remodeling Services for Flat Rock Homeowners
A local construction company is changing how homeowners approach home improvements. Uniquely Unique Building And Remodeling LLC has announced an expansion of residential renovation services, focusing on transparent processes…
More Releases for Asia
Asia Private Equity Firm, Asia Private Equity Management, Asia Private Equity Se …
The private equity market in China has been rapidly growing in recent years. Private equity (PE) refers to the purchase of shares in a company that are not publicly traded on a stock exchange. PE firms typically target companies that are undervalued or in need of capital for growth, and aim to improve the company's operations and financial performance before selling it at a higher value.
https://boomingfaucet.com/
Asia Private Equity Consulting
E-mail:nolan@pandacuads.com
In China,…
South East Asia Business Jet Market And Top Key Players are Asia Corporate Jet, …
By 2022, the South East Asia Business Jet Markets estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the market and is poised to grow at the fastest rate in the future. The three broad categories of business jets are Small,…
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022.
23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property…
PEOPLEWAVE WINS ASIA TECH PODCAST PITCHDECK ASIA 2019 AWARDS
15 January 2019, Singapore – Peoplewave, Asia’s leading data-driven HR technology company, won the Asia Tech Podcast (ATP) Pitchdeck Asia 2019 Awards, being awarded “Startup Most Likely to Succeed in 2019".
The 2019 Pitchdeck Asia Awards is an opportunity for the Asian Startup Ecosystem to shine a spotlight on some of its best startups. The awards were decided by a public vote. More than 7,200 votes were cast by registered LinkedIn…
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia
Equipping Asia’s navies with the latest diving technology for asymmetric warfare and
operations
SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is
seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting…
Asia Diligence – Specialist Investigative Due Diligence for Asia & Beyond
Asia Diligence today announced the opening of its European Customer Services office in the United Kingdom. The office is to be managed by Steve Fowler and will focus on providing services to Asia Diligence’s European customers. Asia Diligence is also planning to open a US office in the near future, which will provide customer service to its US and North American clients.
Asked to comment on the move, Luke Palmer, the…
