The Cell Culture Market is now a vital resource for scientists and researchers working in the field of biotechnology. In order to research cells’ behaviour and create diverse applications, it entails keeping and growing cells outside of their natural habitat. The demand for biopharmaceuticals, increased research activity, and technological improvements have all contributed to the tremendous rise that has been seen in the cell culture market in recent years.
The use of cell culture has increased in a variety of fields, such as medicines, biotechnology, regenerative medicine, and academic study. In order to examine the effectiveness and toxicity of novel chemicals, cell culture techniques are vital in the discovery and development of new drugs. Additionally, the manufacture of biopharmaceuticals using cell cultures has become quite popular, which has increased demand for cell culture-related goods and services.
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The size of the global cell culture market was evaluated at US$ 25.4 billion in 2022 and will be worth US$ 29.0 billion in 2023. Additionally, due to rising demand for biopharmaceuticals like vaccines and stem cells as well as increased R&D efforts, the global cell culture market is anticipated to grow at an astounding CAGR of 11.8% between 2023 and 2033, surpassing a valuation of roughly US$ 88.6 billion by that year. The worldwide cell culture market has seen rapid expansion, and this pattern is anticipated to remain for the foreseeable future. This expansion is being fueled by factors including rising R&D expenditures, rising biologics demand, and rise in chronic diseases. Additionally, the introduction of sophisticated bioreactor systems and automated cell culture methods is anticipated to further support market expansion.
As per FMI, the key market drivers during the forecast period are:
- Acceleration in the pace of research and development activities aiding mass production of biopharmaceuticals
- Rising demand for advanced cell culture-based products
- Wide utility across pharmaceutical companies, research institutes, and food development
- Chronic diseases that warrant innovations in biopharmaceuticals
- Rising consumer demand for monoclonal antibodies (mAbs)
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Cell Culture Application in Pharma & Health is Key to Market Growth
At the moment, innovations are fueling market expansion. The need for sophisticated versions of cell culture products is growing as a result of significant investments made by various end-user groups in this area. Similar to how biosimilars have a favourable impact on market prospects, there is a rising need for innovative therapies.
All of these elements have worked together to carve out a specific application for cell culture in the pharmaceutical and healthcare industries. This is mostly brought on by the steady increase in cardiovascular, renal, and cancer disorders. Cell culture can open up lucrative opportunities for the pharmaceutical and healthcare industries to flourish as consumer demand for cutting-edge treatment solutions rises.
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Key Takeaways from the Report:
- Between 2017 and 2022, the market recorded a CAGR of 13.5%, attaining a valuation of US$ 25.4 billion by 2022.
- During the forecast period, the United States market is projected to expand at a CAGR of 11.6% and reach a valuation of US$ 31.4 billion by 2033.
- Between 2023 and 2033, the United Kingdom market is expected to record a CAGR of 10.9%, to attain a valuation of US$ 3.7 billion by 2033.
- The consumables segment is projected to register a CAGR of 11.4% during the forecast period.
- The biopharmaceutical production segment is anticipated to witness a CAGR of 11.1% during the forecast period.
Key Market Developments:
- In January 2022, Cytiva (Danaher Corporation) announced its collaboration with Nucleus Biologics. This can be an important step towards developing custom culture media for cell as well as gene therapies.
- In February 2022, KromaTiD enhanced its services by venturing into cell and blood culture isolation, and processing, coupled with quality control services
Key Players:
- Danaher Corporation
- Thermo Fisher Scientific
- Becton
- Dickinson and Company
- Corning Incorporated
- Merck KgaA
- PromoCell GmbH
- Sartorius AG
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Key Segments
By Product:
- Consumables
- Sera
- Media
- Reagents
- Vessels
- Accessories
- Equipment
- Supporting Equipment
- Bioreactors
- Storage Equipment
By Application:
- Biopharmaceutical Production
- Monoclonal antibodies
- Vaccines production
- Other therapeutic proteins
- Diagnostics
- Drug Screening & Development
- Tissue Engineering & Regenerative Medicine
- Cell and gene therapy
- Drug Screening & Development
- Others
By End User:
- Pharmaceutical & Biotechnology Companies
- Hospitals & Diagnostic Laboratories
- Research & Academic Institutes
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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