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Cell Culture Media Storage Containers Market Growth Drivers, Opportunities, Share Report And Forecast To 2033
Cell Culture Media Storage Containers Market Growth
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According to The Business Research Company's, The cell culture media storage containers market size has grown rapidly in recent years. It will grow from $2.18 billion in 2023 to $2.51 billion in 2024 at a compound annual growth rate (CAGR) of 15.1%. The growth in the historic period can be attributed to the demand for cell-based therapies rose, research activities in the life sciences increased, the biopharmaceutical industry grew, the demand for personalized medicine heightened, and the biotechnology sector expanded.
The cell culture media storage containers market size is expected to see rapid growth in the next few years. It will grow to $4.44 billion in 2028 at a compound annual growth rate (CAGR) of 15.3%. The growth in the forecast period can be attributed to expanding regenerative medicine applications, emerging cell therapy technologies, growing demand for 3D cell culture systems, adoption of automated cell culture processes, and increasing focus on cell-based assays. Major trends in the forecast period include increased adoption of single-use systems, development of eco-friendly packaging options, integration of smart technology for monitoring and control, customization and modular designs for flexible use, and emphasis on traceability and quality assurance in storage solutions.
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Market Drivers and Trends:
Major companies operating in the cell culture media storage containers market are developing innovative products, such as single-use bioprocess containers, to provide reliable solutions for biopharmaceutical fluid management and gain a competitive edge in the market. Single-use bioprocess containers are specialized containers designed for use in the biopharmaceutical industry to store, handle, and transport biological materials, such as cell culture media, cell suspensions, and drug substances, during various stages of bioprocessing.
Major companies operating in the cell culture media storage containers market are developing innovative products, such as single-use bioprocess containers, to provide reliable solutions for biopharmaceutical fluid management and gain a competitive edge in the market. Single-use bioprocess containers are specialized containers designed for use in the biopharmaceutical industry to store, handle, and transport biological materials, such as cell culture media, cell suspensions, and drug substances, during various stages of bioprocessing. For instance, in October 2022, Single Use Support GmbH, an Austria-based fluid and cold chain management solutions company, launched the IRIS single-use bioprocess containers, an innovative bag line for storing and handling biopharmaceutical substances. These IRIS bags are designed to offer robust storage and shipping solutions for drug substances, with customization options available based on customer needs.
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Major Key Players of the Market:
Merck KGaA, Thermo Fisher Scientific Inc, FUJIFILM Holdings Corporation, Becton Dickinson and Company, Corning Incorporated, Medline Industries Inc, Avantor Inc, Danaher Life Sciences LLC, Lonza Group AG, Sartorius AG, Bio-Rad Laboratories Inc, Eppendorf AG, STEMCELL Technologies Inc, Greiner Bio-One International GmbH, Hamilton Company, SARSTEDT AG & Co KG, Cole-Parmer Instrument Company LLC, BioLife Solutions Inc, DWK Life Sciences, MP Biomedicals LLC, HiMedia Laboratories Pvt Ltd, OriGen Biomedical Inc, ThermoGenesis Holdings Inc, CELLTREAT Scientific Products, TPP Techno Plastic Products AG
Cell Culture Media Storage Containers Market 2024 Key Insights:
• The cell culture media storage containers market size is expected to see rapid growth in the next few years. It will grow to $4.44 billion in 2028 at a compound annual growth rate (CAGR) of 15.3%.
• Personalized Medicine Drives Growth in Cell Culture Media Storage Containers Market
• Innovations Reshapes Cell Culture Storage Containers Industry
• North America was the largest region in the cell culture media storage containers market in 2023
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