Healthcare

According to a market report by Lucintel, the future of the cell culture media market looks promising with opportunities in pharmaceutical and biotechnology companies, hospitals and diagnostic laboratories, and research & academic institutes. The global cell culture media market is expected to reach an estimated $9.1 billion by 2028 with a CAGR of 12.3% from 2023 to 2028. The major drivers for this market are expanding biopharmaceutical industry, increasing demand for monoclonal bodies and vaccine production, and growing expenditure in research and development activities in the life science sector.



In this market, serum-free media, classical media, stem cell culture media, specialty media, and chemically defined media are the major segments of cell culture media market by product. Lucintel forecasts that serum free media will remain the largest segment over the forecast period due to its increasing usage in the treatment for molecular genetics, cancer research and plant research as it ensures improved productivity and reduced risk relate to contamination by serum-borne adventitious agents in the culture.



Within this market, pharma and biopharma companies is expected to remain the largest segment due to growing demand for bioprocessing and increasing need for cell-based pharmaceutical research activities. 



North America will remain the largest region due to the growing number of cancer patients and supportive funds for R&D activity of cell culture in the region.

Thermo Fisher, Merck, CYTIVA, Sartorius, and FUJIFILM Irvine Scientific are the major suppliers in the global cell culture media market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global cell culture media market by product, type, application, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Cell Culture Media Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The 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 media market by product, type, application, end use industry, and region, as follows:

 

This more than 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 email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel 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.

 

Q.1. What are some of the most promising, high-growth opportunities for the cell culture media market by product (serum-free media, classical media, stem cell culture media, specialty media, chemically defined media, and others), type (liquid media and semi-solid & solid media), application (biopharmaceutical production, diagnostics, drug screening and development, tissue engineering and regenerative medicine, and others), end use industry (pharmaceutical and biotechnology companies, hospitals and diagnostic laboratories, research and academic institutes, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?