According to a new market report published by Lucintel, the future of the cell culture market looks promising with opportunities in stem cell, vaccines, and therapeutic proteins. The global cell culture market is expected to grow with a CAGR of 13% from 2020 to 2025. The major drivers for this market are increasing demand for monoclonal antibodies, rising funding for cell-based research, growing preference for single-use technologies, growing awareness of the benefits of cell culture-based vaccines, and increasing focus on personalized medicine.
To download report brochure, please go to https://www.lucintel.com/cell-culture-market.aspx and click "download brochure" tab from the menu
Cell culture is the process by which cells are grown under controlled conditions, generally outside their natural environment. In this market, consumables (sera, media, and reagents, vessels, and bioreactor accessories) and equipment (bioreactor, centrifuge, incubator, microscope, and autoclave) are the major product types. Lucintel forecasts that consumables (sera, media, and reagents) will remain the largest product segment over the forecast period due to repeated purchase of sera, media, and reagents for various cell culture applications, such as biopharmaceutical production, vaccine production, toxicology, and drug discovery.
Within this market, pharmaceutical and biotechnology companies will remain the largest end user segment over the forecast period due to growing use of single-use technologies, increasing number of regulatory approvals for cell culture-based vaccines, and the presence of a large number of pharmaceutical players in this market.
North America will remain the largest region over the forecast period due to growing regulatory approvals for cell culture-based vaccines; technological advancements; growth in the biotechnology and pharmaceutical industries; higher investments in cell-based research; rising incidence of diseases, such as cancer; strong government support; and conferences & symposiums that create awareness on the latest trends in cell culture technology.
Becton, Dickinson and Company. Thermo Fisher Scientific, Merck, HiMedia Laboratories, GE Healthcare, Lonza, Corning Incorporated, Sartorius, Eppendorf, PromoCell, Danaher Corporation, Irvine Scientific, InvivoGen, and CellGenix are among the major suppliers in the global cell culture market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global cell culture market by product, application, end user, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Cell Culture Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global cell culture market by product, application, end user, and region as follows:
By Product [Value ($ Million) shipment analysis for 2014 – 2025]:
Consumables
Sera, Media, and Reagents
Vessels
Bioreactor Accessories
Equipment
Bioreactor
Centrifuge
Incubator
Microscope
Autoclave
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Stem Cell
Vaccines
Therapeutic proteins
By End User [Value ($ Million) shipment analysis for 2014 – 2025]:
Pharmaceutical and Biotechnology Companies
Hospitals and Diagnostic Laboratories
Research Institutes
Cell Banks
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.