Press release
Global Serum Free Media Market Projected to Surpass $2.83 Billion by 2029 with 12% Annual Growth
Serum Free Media Market
The surge in chronic diseases is anticipated to fuel the expansion of the serum-free media market in the future. Chronic diseases typically last a year or more and require ongoing medical attention, thereby limiting day-to-day activities. Serum-free media offers researchers the ability to tailor the media to suit the specific cell type in use, ensuring optimal growth conditions for the cells. Moreover, researchers employ serum-free media for the creation of cell types or to run specific applications in the absence of serum. This is instrumental in the development of new treatment methods and therapies for chronic diseases. For example, the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, projected in January 2023 that by 2050, the population aged 50 years and older suffering from at least one chronic disease will increase by 99.5%. This equates to an increase from 71.522 million in 2020 to 142.66 million. Consequently, the rising occurrence of chronic diseases is propelling the growth of the serum-free media market.
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What is the future CAGR of the serum free media market, and how will it impact industry expansion?
In recent years, the serum free media market has experienced substantial growth. The market size, which was $1.6 billion in 2024, is projected to increase to $1.77 billion in 2025, with a compound annual growth rate (CAGR) of 10.9%. This significant rise during the historic period is largely due to advances in cell culture, regulatory limitations, the increasing demand for biopharmaceuticals, and reduced risk of contamination.
In the forthcoming years, the serum free media market is predicted to witness swift expansion. The market size is projected to reach $2.83 billion by the year 2029, growing at a compound annual growth rate (CAGR) of 12.4%. The substantial growth during this period can be accredited to factors such as the expansion of bioprocessing, advancements in cell therapy, regulatory support, stem cell research, and the increasing demand for vaccine production. Key trends set to shape the forecast period include technological progression, animal component-free solutions, personalized media formulations, microcarrier culture systems, and continuous bioprocessing.
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How are the latest trends influencing the growth of the serum free media market?
Key players in the serum-free media market are channeling their efforts towards the creation of unique products, such as state-of-the-art CAR T-cell production solutions. These solutions contribute to advancements in cell therapy and cancer treatments. CAR T-cell production involves the process of altering a patient's own T-cells, which are a variety of immune cells, to express a chimeric antigen receptor (CAR) that explicitly identifies and targets cancer cells. In May 2023, for instance, Lonza, a pharmaceutical firm based in Switzerland, introduced TheraPEAK T-VIVO Cell Culture Medium. This is a specific serum-free medium, developed for the growth and sustenance of numerous immune cell varieties, with a particular focus on CAR T-cell manufacturing. The medium is distinguished by its chemically defined formulation that is devoid of serum and does not originate from animals (NAO), thus minimizing variability and enhancing consistency in T-cell culturing practices.
Which key market segments comprise the serum free media market and drive its revenue growth?
The serum free media market covered in this report is segmented -
1) By Media Type: Chinese Hamster ovary* (CHO) Cell Media, Protein Expression Media, Immunology Media, Insect Cell Media, Hybridoma Media, Stem Cell Media, Chemically Defined Media
2) By Application: Biopharmaceutical Production, Tissue Engineering And Regenerative Medicine
3) By End-User: Biopharmaceutical Companies, Clinical Research Organizations, Academic Research Centers, Other End-Users
Subsegments:
1) By Chinese Hamster ovary* (CHO) Cell Media: CHO-S Media, CHO-DG44 Media
2) By Protein Expression Media: E. coli Expression Media, Yeast Expression Media
3) By Immunology Media: T Cell Media, B Cell Media
4) By Insect Cell Media: Sf9 Media, Sf21 Media
5) By Hybridoma Media: Hybridoma Growth Media, Selection Media
6) By Stem Cell Media: Embryonic Stem Cell Media, Adult Stem Cell Media
7) By Chemically Defined Media: Custom Formulations, Pre-Defined Formulations
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What regions are at the forefront of serum free media market expansion?
North America was the largest region in the serum-free media market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the serum free media market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the serum free media market?
Major companies operating in the serum free media market include Thermo Fisher Scientific Inc., Danaher Corp., Merck KgaA, FUJIFILM Irvine Scientific Inc., GE HealthCare Technologies Inc., Corning Inc., Lonza Group AG, Illumina Inc., Cytiva, Sigma-Aldrich, Bio-Techne Corporation, Serumwerk Bernburg AG, STEMCELL Technologies Inc., MP Bio medicals LLC, Gemcell Electrical Group., InVitria Inc., Takara Bio Inc., HiMedia Laboratories Pvt. Ltd., PAA Laboratories GmbH, PromoCell GmbH, Cellgenix Gmbh, Biochrom AG, Biological Industries, Pan Biotech GmbH, Biowest SAS, Bovogen Biologicals Pty Ltd, Athena Environmental Sciences Inc., Cell Culture Technologies LLC., BioSpherix Ltd., ZenBio Inc.
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What Is Covered In The Serum Free Media Global Market Report?
• Market Size Forecast: Examine the serum free media market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the serum free media market for a structured understanding.
• Key Players Overview: Analyze major players in the serum free media market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the serum free media market.
• Segment Contributions: Evaluate how different segments drive overall growth in the serum free media market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the serum free media market.
• Industry Challenges: Identify potential risks and obstacles affecting the serum free media market.
• Competitive Landscape: Review strategic developments in the serum free media market, including expansions, agreements, and new product launches.
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