Growing Medical Research for Treatment of Multiple Diseases Benefits Global Cell Culture Market
Over the coming years, the increasing usage of cell culture in a number of applications, such as creating model systems for research, stem cell research, genetic engineering, and the study of cellular structures and functions are likely to boost this market substantially over the next few years. Apart from this, the rising investment by life sciences companies for research, development, and innovation in stem cells and the extensive industry and academic collaborations are also expected to drive the market’s growth in the near future.
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The opportunity in the global market for cell culture, which stood at US$6.09 bn in 2013, is anticipated to proliferate at a CAGR of 7.10% over the period from 2014 to 2022 and attain a value of US$11.31 bn by the end of the forecast period.
North America to Remain Dominant
Geographically, the global cell culture market boasts its presence across Asia Pacific, Latin America, Europe, North America, and the Rest of the World. With the presence of a large pool of biotechnology, pharmaceutical, and food and beverages companies, North America has been leading this market. The continual research activities for the development of biologics and drugs are likely to ensure the dominance of the North America market for cell culture over the period of the forecast.
The Europe market for cell culture, which held the second position in 2013, is also anticipated to witness a significant rise over the next few years. It is, however, the Asia Pacific market, which is projected to experience the growth at a higher pace than other regional markets in the years to come. Thanks to the improvement in the economic condition in various Asian countries, such as India and China, and the rising number of the contract research and contract manufacturing organizations in this region. China, Japan, Australia, and India have emerged as the prime cell culture domestic market in Asia Pacific and are expected to offer highly lucrative opportunities to the market players in the near future.
Demand for Cell Culture Media and Culture Systems to Report High Growth
Media, sera, and reagents are the main cell culture consumables available across the world. Among these, the demand for cell culture media is rising a higher pace than other consumables. Researchers anticipate the scenario to continue like this over the forthcoming years, thanks to the growing emphasis on animal derived component free (ADCF) media on the grounds of ethical and quality concerns.
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In terms of instruments, culture systems, pipetting instruments, incubators, roller bottle equipment, cryostorage equipment, and biosafety cabinets have surfaced as the key segments of the global cell culture market. Culture systems witness the most prominent demand amongst these, thanks to the increasing uptake of automated culture systems and the technological innovations in designs and operations of cell culture instruments.
Becton, Dickinson and Co., Corning Life Sciences B.V., Thermo Fisher Scientific Inc., GE Healthcare, EMD Millipore, Lonza Group Ltd., PromoCell GmbH, Sigma-Aldrich Co. LLC, VWR International LLC, Wheaton Industries Inc. are some of the prominent players operating in the global cell culture market.
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