Press release
Serum Free Media Market Anticipated To Witness Robust Growth, Surpassing $2.83 Billion By 2029
Serum Free Media
What Is the Current Serum Free Media Market Size and Its Estimated Growth Rate?
The scale of the serum free media market has witnessed significant expansion in the past few years. The market is predicted to develop from $1.6 billion in 2024 to $1.77 billion in 2025, with a compound annual growth rate (CAGR) of 10.9%. This notable growth during the historic era is largely due to factors such as advancements in cell culture, regulatory constraints, an increased demand for biopharmaceuticals, and a reduction in contamination risks.
The market size for serum-free media is projected to experience substantial expansion in the coming years, reaching a valuation of $2.83 billion in 2029, with a compound annual growth rate (CAGR) of 12.4%. This growth throughout the predicted period is primarily due to the enlargement of bioprocessing, advancements in cell therapy, supportive regulations, stem cell studies, and an increased demand for vaccine manufacturing. Key trends during this period are expected to be technological advancements, solutions that are free of animal components, tailored media formulations, systems for microcarrier cultures, as well as continuous bioprocessing.
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How Are Emerging Segments Shaping the Serum Free Media Market Landscape?
The serum free media market covered in this report is segmented -
1) By Media Type: Chinese Hamster Ovar*y (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 Ovar*y (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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Which Growth Factors Are Influencing Serum Free Media Market Expansion?
The growth of the serum-free media market is set to be fueled by the rising prevalence of chronic diseases. These diseases require ongoing medical attention and/or interfere significantly with daily activities, being persistently present for a year or more. Serum-free media aids researchers in tailoring the media to suit the particular cell type, ensuring optimal growth conditions. Researchers also utilize serum-free media to produce cell varieties or carry out specific tasks devoid of serum, which aids in generating new treatment methodologies and therapies for chronic diseases. As an example, data from the National Center for Biotechnology Information (NCBI), a department of the US National Library of Medicine, stated in January 2023 that by 2050, it is predicted there will be a 99.5% increase in the population aged 50 years and over, who are affected by at least one chronic disease, reaching 142.66 million, up from 71.522 million in 2020. Hence, the surge in chronic diseases is a key driver behind the expansion of the serum-free media market.
Who Are the Dominant Players Across Different Serum Free Media Market Segments?
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.
What Are the Latest Developing Trends in the Serum Free Media Market?
Key players in the serum-free media market, such as Lonza, are concentrating efforts on the advancement of novel products, like state-of-the-art CAR T-cell manufacturing solutions, in a bid to bolster progress in cancer treatment and cell therapy. The process of CAR T-cell manufacturing involves modifying a patient's own T-cells, a type of immune cell, to express a chimeric antigen receptor (CAR) that specifically targets cancer cells. As an example, in May 2023, Lonza, a pharmaceutical company located in Switzerland, introduced the TheraPEAK T-VIVO Cell Culture Medium. Intended for the cultivation and care of numerous types of immune cells, specifically CAR T-cell production, this extraordinary serum-free medium contains a chemically defined formulation that is free from serum and devoid of animal origin (NAO). This significantly minimizes inconsistencies and enhances regularity in T-cell culture operations.
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Which Geographic Regions Are Expected to Dominate the Serum Free Media Market in the Coming Years?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Serum Free Media Market?
2. What is the CAGR expected in the Serum Free Media Market?
3. What Are the Key Innovations Transforming the Serum Free Media Industry?
4. Which Region Is Leading the Serum Free Media Market?
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