Global Cell Culture Market is Driven by Technical Advancement in Designs and Operations of Various Instruments Available in this Market

The majority of participants in the global cell culture market are aiming at capitalizing on the growing demand for 3D cell culture. Therefore, players are pouring hefty funds into research and development and full commercialization of 3D cell culture, which provides greater purity and higher accuracy of replication, observes Transparency Market Research (TMR) in a new study. Some of the prominent companies operating in the market are Becton, Dickinson and Co., Thermo Fisher Scientific Inc., Corning Life Sciences B.V., GE Healthcare, Lonza Group Ltd., Sigma-Aldrich Co. LLC, PromoCell GmbH, and Wheaton Industries Inc.

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A large number of players are also focusing towards partnerships and agreements to consolidate their position in the market. The opportunity in the global market for cell culture is expected to reach a valuation US$11.31 bn by 2022, expanding at a CAGR of 7.10% from 2014 to 2022.

North America to Remain at Forefront through 2022

On the basis of consumables, cell culture media is anticipated to register higher a growth rate than any other segment during the forecast period. The growth of the segment can be attributed to the rising inclination towards animal derived component free (ADCF) media. Geographically, North America will continue to dominate the market in terms of revenue, thanks to the presence of a raft of pharmaceutical, biotechnology, and food and beverages companies. Asia Pacific, on the other hand, will be the most promising regional market for cell culture owing to the increasing number of contract research and contract organizations in the region.

Growing Investments in R&D Activities in Stem Cells to Augment Market

With the extensive industry and academic collaborations and aggressive efforts of players to differentiate their products, the global cell culture market is taking a transformational leap forward towards novel and advanced consumables and instruments. The increasing application of cell culture technology in cancer diagnosis, drug discovery, and biologics production is allowing the market to gain significant momentum. “In addition to this, the use of the technology in various applications, including stem cell research, the study of cellular structures and functions, genetic engineering, and creating model systems for research is expected to increase dramatically over coming years,” says the author of the report.

Moreover, the growing investments by companies operating in the life science sector for research, development, and innovation in stem cells are working in favor of the global cell culture market. The soaring demand for artificial organs and biopharmaceutical is also stoking the growth of the market.

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Increasing Ethical Concerns to Limit Widespread Adoption

The rising ethical concerns due to the usage of animal sources in cell culture is impeding the growth of the market. “Regulatory bodies worldwide are enforcing stringent standards for advanced cell culture production, which in turn is restricting the market from realizing its full potential,” says a TMR analyst. Furthermore, the lack of proper infrastructure for cell-based research in developed countries is limiting the scope of business expansion in these regions. The high cost of cell biology research is also acting as a major impediment to the upward climb of the global cell culture market. However, the advent of 3D cell culture techniques is likely to escalate the growth of the market in the near future.

The above data has been derived from a TMR report, titled “Cell Culture Market (Consumables: Media, Sera, and Reagents; Instruments: Culture Systems, Incubators, Bioreactors, Pipetting Instruments, Roller Bottle Equipment, Biosafety Cabinets, and Cryostorage Equipment) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022.”

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