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Cell Culture Consumables And Equipment Market Scope, Share, Trends Analysis And Forecasts(2024 - 2033)
Cell Culture Consumables And Equipment Market Scope
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According to The Business Research Company's, The cell culture market size has grown rapidly in recent years. It will grow from $25.14 billion in 2023 to $28.16 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to increasing demand for biopharmaceutical research, growth in regenerative medicine, vaccine development, growing demand for vaccines, rising prevalence of chronic diseases, increasing government funding for research and development.
The cell culture market size is expected to see strong growth in the next few years. It will grow to $40.3 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to infectious disease research, growing demand for biologics, research into rare diseases, rise in personalized medicine, advanced therapies, cell-based assays, demand for stem cell therapies. Major trends in the forecast period include advances in cell culture technology, 3d cell culture, organoid culture, bioprocess automation, single-use bioreactors, cultured meat, drug screening and toxicity testing, artificial intelligence and machine learning, cell culture in space and bioprinting.
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Market Drivers and Trends:
An increase in the prevalence of chronic diseases is driving the growth of the cell culture consumables and equipment market. Chronic diseases such as cancer, diabetes, heart diseases, obesity, and hypertension are growing rapidly. A few chronic diseases are caused due to loss or damage of certain types of cells. Such diseases can be cured by replacing the destroyed cells with new ones that are produced by pluripotent stem cells, using cell culture consumables and equipment. So, with the rising incidence of chronic diseases, there is an increased need for such equipment that can produce new cells outside the natural environment, thus driving the growth of this market. For example, in September 2023, according to the World Health Organization, the chronic diseases kill 41 million people each year, equivalent to 74% of all deaths globally.
Investments in 3D cell culture consumables and equipment are increasing due to its new and beneficial features. 3D cell culture refers to the cultivation of living cells within micro-assembled devices and supports that create a three-dimensional structure, replicating a tissue or organ in an artificial environment. This allows the cells to interact with the surroundings in all three directions and maintain a higher degree of structural complexity, making it more relevant than 2D cell cultures. In August 2021, Amerigo Scientific, a US-based manufacturer of biomedical and life sciences products, launched 3D cell cultures specifically designed for research purposes.
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Major Key Players of the Market:
Becton Dickinson and Company, Corning Inc., Danaher Corporation, Eppendorf AG, HiMedia Laboratories Private Limited, Lonza Group AG, Merck KGAA, Promocell GmbH, Sartorius AG, Thermo Fisher Scientific Inc., Irvine Scientific Sales Company Inc., CellGenix GmbH, InVitria Inc., Cytiva, Bio-Techne Corporation, GenScript Biotech Corporation, Gedeon Richter Plc., Hetero Drugs Limited, Intas Pharmaceuticals Ltd., LG Chem Ltd., Lupin Limited, Bio-Rad Laboratories Inc., Illumina Inc., Qiagen NV, F. Hoffmann-La Roche Ltd, Norgen Biotek Corporation, Tecan Group Ltd.
Cell Culture Consumables And Equipment Market 2024 Key Insights:
• The cell culture market size is expected to see strong growth in the next few years. It will grow to $40.3 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%.
• Chronic Disease Prevalence Drives Growth Of Cell Culture Consumables And Equipment Market
• Growing Investment In 3D Cell Culture Technologies In The Cell Culture Consumables And Equipment Market
• North America was the largest region in the cell culture consumables and equipment market in 2023
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Top Key Players: -
Becton,
Dickinson and Company
Biospherix
EMD Millipore
Eppendorf AG
Merck KGaA
Sartorius AG
VWR International
Cell culture is a rapidly emerging…
