The Cell Culture Media Market Size is expected to be valued US$ 3.3 billion in 2023, rising to US$ 6.4 billion by 2033. Market sales are expected to expand at a 7.0% CAGR over the forecast period.
Culture medium is used in the development, manufacturing, and research of biopharmaceuticals. Cell culture medium is used in biopharmaceutical research throughout the drug development process, from discovery to manufacture.
As biologics become more popular, the market for cultural media has grown significantly, as scientists rely on media to make their work more viable. Furthermore, due to rising demand for vaccines against various diseases, the market is expanding.
Chronic disease prevalence is gradually increasing worldwide. The principal causes of a rise in chronic illness rates are lifestyle changes and an ageing population. As a result, the adoption of culture media is being driven by the need for effective chronic disease therapy.
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Infrastructure expansion, technical innovation, and global healthcare sector modernization, as well as an increase in diagnostic labs, will all contribute to the growth of the cultured medium market.
Rising R&D spending and increased research efforts in areas such as cancer, stem cells, biopharmaceuticals, and others are expected to boost market expansion.
However, a lack of skilled specialists with ethical and scientific concerns is expected to stymie market growth. Culture media, on the other hand, is expected to grow rapidly due to untapped potential in developing countries and media innovation.
Key Takeaways from Cell Culture Media Market Study:
- Serum-free media grew at a strong 6.9% CAGR. SFM is an important technique that allows researchers to execute specialised applications or produce a specific cell type without using serum.
- Cancer research is expected to grow at a 7.5% CAGR during the projection period. The expanding biologics research and development activities, as well as the growing requirement for vaccine production, are projected to drive the growth of the cancer research segment.
- The US market maintains a solid position in the global sector, with a revenue share of more than US$ 1.9 billion in 2023. The existence of a large number of enterprises is one of the primary elements driving the market’s expansion. Because the pharmaceutical industry is more research-intensive, cultural media is in great demand.
- With a 9.0% growth during the study period, China is the most profitable area. Because of increased investment in the pharmaceutical and biopharmaceutical sectors, the China regional market is expected to grow rapidly throughout the forecast period.
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Cell Culture Media Market Competitive Landscape:
To increase their market position, key players in this sector are using a variety of techniques, such as partnerships through mergers and acquisitions, geographic growth, and strategic collaborations. For instance, in July 2021, Sartorius purchased Xell AG, a leader in cell culture, through its subsidiary Sartorius Stedim Biotech. The business creates, manufactures, and sells feed additives and media for cell cultures, primarily for the production of viral vectors used in vaccine and gene therapy production.
Cell Culture Media Market Latest Developments:
- Captivate Bio introduced its line of cell culture tools in January 2021 to help in the fight against COVID-19 and other new diseases.
- Chemovator GmbH introduced its first product line, BIOFLOAT, in May 2020. This line consists of surface coatings for cell culture consumables.
Key Players Operating in the Cell Culture Media Market Include:
- Avantor, Inc.
- Thermo Fisher Scientific, Inc.
- Caisson Laboratories Inc.
- Becton Dickinson and Company.
- Lonza Group AG
- Bio-Rad Laboratories, Inc.
- General Electric Company
- Cell Culture Technologies LLC
- Corning Incorporated.
- Fujifilm Holdings Corporation
- Hi Media Laboratories Pvt. Ltd.
- Merck & Co., Inc
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Cell Culture Media Market Key Segments:
By Type:
- Serum-free Media
- CHO Media
- HEK 293 Media
- BHK Media
- VERO Cell Media
- Insect Cell Media
- Serum-free Stem Cell Media
- CAR T-cell Media
- Other Serum-free Media
- Classical Media & Salts
- Stem Cell Culture Media
- Specialty Media
- Chemically defined Media
- Other Cell Culture Media
By Application:
- Biopharmaceutical Production
- Monoclonal antibodies
- Vaccines production
- Other therapeutic proteins
- Diagnostics
- Drug Screening & Development
- Tissue Engineering & Regenerative Medicine
- Cell and gene therapy
- Other tissue engineering & regenerative medicine applications
- Other Application
By End User:
- Pharmaceutical & Biotechnology Companies
- Hospitals & Diagnostic Laboratories
- Research & Academic Institutes
- Others
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