Cell Culture Media Market Size Will Reach to USD 1,512 Million By 2027
NEW YORK, UNITED STATES, June 2, 2020 /EINPresswire.com/ — Facts and Factors Market Research has published a new report titled “Cell Culture Media Market By Reagent Type (Albumin, Hormones, Amino Acid, Attachment Factors, and Growth Factors & Cytokines), By Type (Chemically-defined Media, Specialty Media, Classical Media, Serum-free Media, Lysogeny Broth, and Protein-free Media), By Application (Biopharmaceuticals & Therapeutics, Cancer, Stem Cell Technologies, Biotech Research, Drug Screening & Drug Development, and Regenerative Medicine & Tissue Engineering), and By End-User (Biotechnology & Pharmaceutical Companies, Pathology Labs, Research Laboratories, and Academic Institutes): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”.
According to the report, the global Cell Culture Media market is predicted to be valued at approximately USD 727 million in 2018 and is expected to reach a value of around USD 1,512 million by 2027, at a CAGR of around 8.5% between 2019 and 2027.
Cell culture media is the terminology used for removing the tissues, cells, or organs from plant or animal and then placing them in an artificial environment favorable for its survival & proliferation. Key environmental needs for cells to multiply include controlled temperature, a perfect medium for growth of the cell, a substrate for cell attachment, and incubator maintaining correct pH & osmolality. Cell culture media means choosing of apt medium for cell growth through in vitro cultivation.
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Some of the major players in the business include Life Technologies, Analytical Biological Services Inc., BD Biosciences, MP Biomedicals, Cell Essentials, Inc., Novozymes Biopharma US Inc., SIAM BIOSCIENCE CO LTD., ClonTech Laboratories, Inc., Sigma-Aldrich, Stemcell Technologies Inc., GE Healthcare, J R Scientific, Inc., Lonza Bioscience, Atlanta Biologicals, Inc., Merck Millipore, Quality Biological, Inc., SeraCare Life Sciences, Inc., and Thermo Fisher Scientific, Inc.
Furthermore, cell culture media encompasses an appropriate energy source & compounds that regulate the cell cycle. The growth of cell culture media is a gel devised to aid the microorganism or cell proliferation.
High occurrence of chronic ailments and need to treat them will boost the market trends
The growth of the market over the forecast period is due to high cases of chronic diseases along with the necessity to treat these ailments. Moreover, a rise in the awareness pertaining to stem cell culture will also propel the business scope over the period from 2019 to 2027.
Furthermore, huge spending on biotech research activities, product innovation, changing consumer base, and global market place will create new growth avenues for the industry over the forecast period. Apart from this, the escalating need for the production of vaccines & monoclonal antibodies will favorably influence the expansion of cell culture media industry over the forecast timeline. However, the lack of skilled lab technicians & pharmacists in emerging countries will impede the expansion of the cell culture media during the forecast timeframe. Nevertheless, constant efforts to enhance the media quality for acquiring perfect outcomes will offer new growth avenues for the business over the forecast timeline. This, in turn, will reduce the impact of the hindrances on the business expansion during the period from 2019 to 2027.
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Biotech research segment to record highest CAGR over the forecast period
The biotech research segment is set to register the highest growth rate of over 8.5 % during the period from 2019 to 2027. The growth of the segment during the forecast period is due to the rapid rise in the research activities carried out by the biotech firms across the globe.
Biotechnology & Pharmaceutical Companies segment to dominate the end-user landscape by 2027
The growth of the segment during the forecast timeframe is attributed to the high rate of chronic ailments witnessed in the adult population promoting massive research & development activities across the biotech & pharma sectors. In addition to this, high demand for cell culture media & reagents will further steer the segmental growth over the forecast period.
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North America to account for the major regional market revenue share by 2027
The regional market growth over the forecast timeline is attributed to the ongoing clinical & pharmaceutical research & development activities along with high cases of cancer & metabolic disorders witnessed in the region.
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This report segments the Cell Culture Media market as follows:
Cell Culture Media Market: By Reagent Type Analysis
Bovine Serum Albumin
Human Serum Albumin
Recombinant Human Serum Albumin
Growth Factors & Cytokines
Tumor necrosis factors
Insulin-like growth factors
Cell Culture Media Market: By Type Analysis
Cell Culture Media Market: By End-User Analysis
Biotechnology & Pharmaceutical Companies
Cell Culture Media Market: By Application Analysis
Biopharmaceuticals & Therapeutics
Stem Cell Technologies
Drug Screening & Drug Development
Regenerative Medicine & Tissue Engineering
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Source: EIN Presswire