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Cell Culture Media Market Evaluated to Thrive by 2023

12-07-2017 03:20 PM CET | Health & Medicine

Press release from: Market Research Future

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Cell Culture Media Market

Cell Culture Media Market

The Global Cell Culture Media Market Research Report provides detailed analysis of the key regional market status of the Healthcare Industry.
The global Cell Culture Media Market is projected to reach USD 1,290.1 million by the end of 2023 at a CAGR of 9.1 % during 2017-2023.
A cell culture medium is designed to support the growth of cells, which is composed of appropriate composition of amino acids, vitamins, inorganic salts, glucose, serum, etc. It may contain additional supplementary factors such as growth factors, hormones, etc. depending on the need of different types of cells. Natural media consists solely of naturally occurring biological fluids, while synthetic media have additional components such as serum proteins, carbohydrates, cofactors, vitamins, salts, etc. to natural media. Natural media have poor reproducibility due to lack of knowledge of the exact composition in this natural media. Whereas, chemically defined media contain inorganic and organic ingredients.
Global Cell Culture Media Market Players
Some of the key players in this market: Merck KGaA, Corning Incorporated, GE Healthcare, Thermo Fisher, Lonza, BD, HiMedia Laboratories, and others.
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The market for cell culture media is growing at an impressive rate due to factors such as growing number of biotech firms, growing demand for biotechnology products, high return on investments, technological advancements, etc. Contamination of cell culture media, presence of heavy trace elements, high cost of the final products, lack of scientific understanding of natural media, issues of reproducibility, quality and specificity especially of natural media, scarcity of serum and animal components, ethical issues regarding use of animal components, etc., may restrain the growth of the market over the forecast period.
Product development represent the best strategy for the development of the market. Another factor is technological advancements in the form of production technology and technical development. The cell culture media production have low production efficiencies and variability in product due to variation and lack of optimization of feed and raw material. Customized specialty media is one of the fastest growing segments, which has proprietary technology.
Key Finding
The global cell culture media market is expected to reach USD 1,290.1 million by 2023
Lysogeny broth segment is expected to command the largest market share of 22.5% and is expected to reach USD 298.6 million by the end of 2023. This market is expected to grow at a CAGR of 9.5% during the forecast period 2017-2023
Drug discovery and drug development segment led the largest market share of around 23.8% in 2016. This market is expected to reach USD 315.3 million in 2023 and is expected to grow at a CAGR of 9.5% during the forecast period 2017-2023
Biotechnology & pharmaceutical companies segment is expected to command the largest market share of around 29.3% in 2016. This market is expected to reach USD 386.5 million in 2023 from at a CAGR of 9.4% during the forecast period 2017-2023
North Americas region held the largest market share of 36.1% in 2016. This market is expected to reach USD 478.7 million by 2023 at a CAGR of 9.5% during the forecast period 2017-2023. However, the Asia Pacific market is expected to grow at the fastest CAGR of 9.6% during the forecast period 2017-2023
Segmentation
Cell culture media market has been segmented on the basis of type, application, and end user.
On the basis of type, the market is segmented into lysogeny broth, chemically defined media, protein free media, serum free media, classical media, custom media, and others.
On the basis of application, the market is segmented into drug discovery and drug development, toxicity testing, cancer research, genetic engineering, tissue engineering & biochemistry, stem cell research, and others.
On the basis of end user, the market is segmented into biotechnology & pharmaceutical companies, research laboratories, academic institutes, pathology labs, and others.
On the basis of region, the market is segmented into North Americas, Europe, Asia Pacific, and the Middle East & Africa.
Regional Analysis
Considering the global scenario of the market, North Americas region is accounted the largest market share of 36.1% in 2016. This market is expected to reach USD 478.7 million by 2023 at a CAGR of 9.5 %. Europe market is expected to be the second largest in terms of regions in the global cell culture market; this market is expected to reach USD 374.3 million at a CAGR of 9.3 % during the forecast period 2017-2023. However, the Asia Pacific market is expected to grow at the fastest CAGR of 9.6 % during the forecast period 2017-2023.
TABLE OF CONTENTS
1 REPORT PROLOGUE
2 MARKET INTRODUCTION
2.1 Scope Of Study 16
2.2 Research Objective 16
2.3 Assumptions & Limitations 17
2.3.1 Assumptions 17
2.3.2 Limitations 17
2.4 Market Structure 17
3 RESEARCH METHODOLOGY
3.1 Introduction 18
3.2 Primary Research 19
3.3 Secondary Research 19
3.4 Market Size Estimation 20
4 MARKET DYNAMICS

5 MARKET FACTOR ANALYSIS
5.1 Porter’s Five Forces Analysis 31
5.1.1 Threat From A New Entrant 32
5.1.2 Bargaining Power Of Buyer 33
5.1.3 Bargaining Power Of Supplier 33
5.1.4 Threat From Substitute 34
5.1.5 Intensity Of Competitive Rivalry 34
5.2 Supply Chain Analysis 35
5.2.1 Raw Material 35
5.2.2 Supplier 36
5.2.3 Manufacturer 36
5.2.4 Distributer 37
5.2.5 Customer-Retailer 37
5.2.6 Consumer 37
5.3 Investment Opportunity Analysis 37
5.3.1 Market Size (Current And Future), Growth Rate And Profitability 37
5.3.2 Product Opportunity Analysis 38
5.3.3 Geographic Location Analysis 38
5.3.4 Investment Risks 39
5.3.5 Market Outlook 39
5.3.6 Competitors 40
5.3.7 Projections 40
…Continued
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Market Research Future
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