Press release
Cell Culture Market Expected to Witness a CAGR of 7.10% through 2014 to 2022
With a view to consolidate their position in the cell culture industry, a substantial count of players has been anticipated to focus on agreements and partnerships. Some of the top companies dealing with cell culture could be Corning Life Sciences B.V., Thermo Fisher Scientific, Inc., and Becton, Dickinson, and Co.
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By 2022, the global cell culture market has been prophesied by TMR to be worth a US$11.31 bn. Among all the consumables studied, cell culture media could rake in demand at a speedier rate in the coming years. By region, North America has been foreseen to attract a dominant share on the basis of revenue.
Collaborations, Product Differentiation Push Market for Manufacturing Advanced Products
The world cell culture market has been envisaged to leapfrog into the next level of growth with increasing focus on advanced and novel instruments and consumables. This could be an outcome of extensive efforts taken by participants to differentiate their cell culture products with the help of academic and industry collaborations. The market could receive a steady momentum in its growth on the back of the surging application of cell culture technology in biologics production, drug discovery, and cancer diagnosis. Furthermore, there could be a wealth of unfailing prospects birthing from various applications of the technology such as producing model systems for research, genetic engineering, studies related to cellular functions and structures, and stem cell research.
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The world cell culture market has been forecasted to be favored by snowballing investments dedicated toward operations in the life sciences industry working on the innovation and research and development of stem cells. Moreover, the growth of the market could be pampered by the spiraling demand for biopharmaceutical products and artificial organs.
Stringent Regulations for Production, Improper Infrastructure for Cell-based Research Discourage Demand
Increasing ethical concerns associated with the involvement of animal sources in cell culture have been expected to put brakes on the progress of the international cell culture market. The market could encounter a restriction in realizing its full potential as regulatory arms worldwide enforce strict standards for advanced cell culture production. The scope of business expansion in the market could be hindered by insufficient infrastructure eligible for cell-based research in established nations. One of the major impediments of the market has been predicted to be the expensive cost of cell biology research.
Nevertheless, players could cope with the slack in growth of the international cell culture market with the emergence of 3D cell culture techniques. The elevating inclination toward animal-derived component free (ADCF) media has been envisioned to augur well for the growth of the cell culture media market. There could also be opportunities prevailing in developing markets such as Asia Pacific that roof a rising count of contract research organizations (CROs).
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