Global Cell Culture Market Expanding at CAGR of 7.1% from 2014 to 202214 Apr 2016
Transparency Market Research (TMR) has announced the publication of a new market study on the cell culture market. According to the research study, the global cell culture market is estimated to expand at a CAGR of 7.1% from the period of 2014 to 2022, reaching US$11.3 bn from its 2013 value of US$6.1 bn.The report also segments the global cell culture market by geography, analyzing the North America, the Asia Pacific and Europe regional markets.
The report segments the global cell culture market into the cell culture instruments market and the cell culture consumables market. The cell culture instruments market includes instruments such as pipetting instruments, incubators, biosafety cabinets, culture systems, cryostorage equipment, and roller bottle equipment, while the market for cell culture consumables comprises reagents, sera, and media. Furthermore, the media segment is categorized into lysogeny broth, chemically defined media, protein-free media, classical media, serum-free media, and specialty media.
The report highlights the strategies used by major competitors, industry trends, a clear illustration of the growth trajectory of the market, and an updated analysis of the technological improvements in the industry. It also contains several infographics depicting the impact analysis and SWOT analysis of the cell culture’s major industry segments. The report presents the competitive landscape in a clear manner, along with the key product segments.
The increased demand for biopharmaceuticals and artificial organs has been responsible for a rise in the global cell culture market in the past and is expected to continue to impact the cell culture market positively in the forecast period. Cell culture is also increasingly used for drug discovery, presenting a rich market for cell culture market players. Technical innovations and advancements in design and operation of various instruments drives the market for cell culture instruments. Moreover, the use of cell culture media to study genetic engineering, cellular structures, and for stem cell research is responsible for the expected growth of the cell culture consumables market for the forecast period.
Usage of animal sources is anticipated to raise ethical concerns and hamper the growth of the cell culture market. Strictly enforced high standards set by government regulatory bodies for advanced cell culture production are anticipated to hamper the growth of the cell culture market in the near future.
Some of the key companies mentioned in the report are VWR International LLC, Thermo Fisher Scientific Inc., Lonza Group Ltd., Dickinson & Co., GE Healthcare, EMD Millipore, Becton, Corning Life Sciences B.V., Wheaton Industries Inc. and PromoCell GmbH, Sigma-Aldrich Co. LLC.
The global cell culture market is segmented as:
Cell Culture Consumables Market - Products
Cell Culture Instruments Market – Products
Roller Bottle Equipment