Cell
Culture Market Size and Growth Rate:
The global cell culture
market is expected to reach USD 26.28 Billion by 2023 from USD 15.32
Billion in 2018 growing at a CAGR of 11.4%.during the forecast period
2019-2023.
Browse 140 Pages Research Report developed on Cell Culture Market
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Cell
Culture Market Overview:
Cell culture refers to the process of development of
cells under controlled conditions which vary with the type of cell that is
under focus. The basic requirements for cell culture include a media, which
contains all the nutrients required by the cell to develop and maintains the
physiochemical environment suitable for the culture of cell. Cell culture helps
to study the interaction between cell and disease-causing agents such as
bacteria, virus, and other pathological elements.
Cell
Culture Market Growth Drivers and Restraints:
The growth in this market is primarily driven by the
growing number of regulatory approvals for cell culture-based vaccines,
increasing demand for monoclonal antibodies (mAbs), funding for cell-based
research, growing preference for single-use technologies, and the launch of
advanced cell culture products. The consumables segment is accounting for the
largest market share. The repeated purchase of consumables for various cell
culture applications is a major factor supporting its growth. The cell culture
can be applied to the fields of biopharmaceutical/therapeutic, stem cell
technologies, drug screening and development, tissue engineering and
regenerative medicine, cancer research, and other applications.
The stem cell therapy
research is at its pinnacle in order to treat the cause of the disease
supported by huge funding for the same.Growing advancement of proteomic gene
expression and consequent development of novel vaccine and biopharmaceuticals
is expected to drive up the demand for newer 3D cell culturing techniques over
the forecast period because of the growing incidence of diseases.
Increase in the number of
cancer research projects and enhanced applications of gene therapies are along
with increasing incidences of chronic diseases have led to increase in cell
biology & cytological studies and associated research resulting in the growth
for cell culture.
Cell
Culture Market Geographical Segmentation:
North America is expected to dominate the market in
the near future followed by Europe. The large share is attributed to the
growing regulatory approvals for cell culture-based vaccines, rising incidence
of diseases such as cancer, a strong government support, and conferences and
symposiums that create wide awareness on the latest trends in cell culture
technology. Asia Pacific is also a growing market for cell culture owing to the
rise in healthcare focus and rising population and rise in incidence of chronic
diseases.
Key Players of the Cell
Culture Market:
Some of the key players in this global market today
are Sigma-Aldrich Co., LLC, Sartorius, Thermo Fisher Scientific, Becton,
Dickinson & Company, General Electric, Lonza, Corning, Merck, Promocell,
and Eppendorf.
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