USD 4.9 billion
Global Cell Culture Media Market Size, Share, Growth Analysis, By Product(Serum-free Media and Classical Media), By Type(Animal cell culture media, Plant cell culture media), By End user(Pharmaceutical & Biotechnology Companies, Hospitals & Diagnostic Laboratories), By Physical state(Liquid culture media, Semi-solid culture media), By Application(Research, and Manufacturing of biomolecules), By Research type(Cytogenetics, Cell therapy) - Industry Forecast 2024-2031
Report ID:
SQMIG35H2057 |
Region:
Global |
Published Date: February, 2024
Pages:
213
|
Tables:
168 |
Figures:
79
Global Cell Culture Media Market Insights
Cell Culture Media Market size was valued at USD 4.9 billion in 2019 and is poised to grow from USD 5.68 billion in 2023 to USD 18.63 billion by 2031, growing at a CAGR of 16% in the forecast period (2024-2031).
The market will expect to grow in future due to new communicable diseases that are common nowadays. Pharmaceutical and biotechnological companies are the major users of these products due to the making of new and innovative vaccines. The cell culture media is a tool that can replace the old method of doing vaccine trials on animals. It creates ethical issues as some people think killing innocent animals for human benefit is not acceptable for them. Cell culture media is the best alternative for these types of issues.
The North America region holds the maximum share of the market due to high investment on R&D of medicines and clinical vaccines. Due to growth and expansion of pharmaceuticals and biotechnology in the region will drive the growth of the market.
US Cell Culture Media Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Pharmaceutical & Biotechnology Companies
Fastest Growth
Pharmaceutical & Biotechnology Companies
Growth Rate
16% CAGR
Global Cell Culture Media Market ($ Bn)
Country Share for North America Region (%)
Global Cell Culture Media Market By End users ($ Bn)
Global Cell Culture Media Market By End users (%)
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Global Cell Culture Media Market Segmental Analysis
Global cell culture media market is segmented on the basis of product, basis type, end users, physical state, application, research type, and region. On the basis of product, the market is segmented into Serum-free Media, and Classical Media. On the basis type, Animal cell culture media, Plant cell culture media, and Bacterial cell culture media. On the basis of end users, it is segmented into, Pharmaceutical & Biotechnology Companies, Hospitals & Diagnostic Laboratories, and Research and Academic Institutes. On the basis of Physical state, it is segmented into Liquid culture media, Semi-solid culture media, and Solid culture media. On the basis of Application, it is segmented into Research, and Manufacturing of biomolecules. On the basis of research type, Cytogenetics, Cell therapy, and others. On the basis of region, it is segmented into Asia Pacific, Europe, North America, Middle East & Africa, and Latin America
Cell Culture Media Market Analysis by End users
By end user the market is segmented into Pharmaceutical & Biotechnology Companies are dominating the segment and holds the largest share in this segment. The segment is expected to grow lucratively over the coming years. Activities of pharmaceutical & biotechnology companies like demand for more reproducible and better defined media, and growing biosimilar are expected to increase. The increasing regulatory approvals for cell culture based vaccines and higher investment in cell based research are some of the causes of holding high market share in the segment.
Cell Culture Media Market Analysis by Product
By product, serum-free media holds the largest revenue share of the market of about 51% of the whole segment. This is due to increasing gene and cell therapy research. Most people prefer it over the classical media because it reduces the risk of virus contamination and eases the difficulties encountered in processing step. The serum free media market was only valued at USD 1022.4 million and is expected to increase at a CAGR of 12.73%. The Pharmaceutical & Biotechnology Companies are preferring serum-free media due to the chances of getting contaminated in low as compared to other mediums of the segment.
Global Cell Culture Media Market By End users, 2023 (%)
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Global Cell Culture Media Market Regional Insights
North America accounts for the largest share of the cell culture media market of about 39.6% across the globe due to the rise in research & development investment. The pharmaceuticals and biotechnology industry is deeply investing to find out new innovative solutions and enhance patient care. In the U.S Biotech startups have raised a total of USD 47 billion in 2021, and in 2022 USD 16 billion is raised till date. USA holds the highest share of about 90% in the region
In Asia-pacific region countries like India & China are the fastest growing market for cell culture media products. It is due to greater adoption of advanced technologies and advancement in healthcare that are fueling the growth of the market in this region. The market is expected to grow in the future, flourishing the biotechnology industry. The global players are focussing on merging with the Asia-Pacific region due to cheap manufacturing and government initiatives.
In Europe Germany holds the maximum share of about 28% in the region. The demand for cell culture media in Germany is increasing due to the increase of cancer throughout the country.
Global Cell Culture Media Market By Region, 2024-2031
- Largest
- Fastest
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Global Cell Culture Media Market Dynamics
Cell Culture Media Market Drivers
Growth and Expansion of Biotechnology Companies will Bolster Market Growth
- Due to ethical issues there is an increase in demand for animal component-free media and automated cell culture systems. In traditional methods animals were used for clinical trials before being used on humans. Many non-governmental organizations are protesting against such companies.
- Due to the current pandemic situation the market is growing at a faster rate. Cell culture media are very much essential to produce and also for trials of new vaccines and medicines. The growth and expansion of biotechnology & pharmaceutical companies is seen during the past few years. The need for cell culture medium has increased for making new and innovative vaccines and medicines. Due to an increase in strict safety rules for vaccines and to minimize the spread of communicable disease, researchers began to use cell culture media for testing and trials.
Cell Culture Media Market Restraints
Use of Non-Degradable Materials to Hinder Market Growth
- Cell culture media uses a lot of plastic material which sums up day by day to create a mountain of waste and plastics are not easily degradable by the environment and on burning them it creates lots of poisonous gas. Many countries are banning plastics because it's harmful for the environment. As these substances are for single use only they cannot be reused or recycled. Due to increase in regulatory standards of cell culture media the cost of the products is increasing at a faster rate.
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Global Cell Culture Media Market Competitive Landscape
Global cell culture media market is highly fragmented by numerous small manufacturers. Some of the major manufacturers include- Thermo Fisher Scientific Inc., Merck KGaA. Danaher Corporation, and Sartorius AG. These manufacturers are majorly focusing on expanding the global growth of cell culture media with new product innovation. In order to provide industries with the most effective and economical solutions, these major market players are also continually concentrating on R&D. Besides, these companies offer a range of products in different applications to fulfill the required demand of consumers which is further contributing to healthy growth in the market.
Cell Culture Media Market Top Company Profiles
- Thermo Fisher Scientific Inc.
- Merck KGaA
- GE Healthcare
- Lonza Group AG
- Corning Incorporated
- BD (Becton, Dickinson and Company)
- HiMedia Laboratories
- Fujifilm Holdings Corporation (Irvine Scientific Sales Company)
- CellGenix GmbH
- PromoCell GmbH
- Takara Bio, Inc.
- Sera Scandia A/S
- Bio-Rad Laboratories, Inc.
- InVitria (Ventria Bioscience)
- Biomimetics Sympathies AG
- ZenBio, Inc.
- Sartorius AG
- Agilent Technologies, Inc.
- Irvine Scientific
- Atlanta Biologicals, Inc.
Cell Culture Media Market Recent Developments
- In September 2022, JSR : Ajinomoto Co., Inc. and JSR Corporation Agree to Collaborate in the Development of Global Biopharmaceutical Culture Media Business.
- In September 2022, Asymmetrex Gives First Cell Culture Core Facility Introduction to Online Rapid Stem Cell Counting in the Institute for Applied Life Sciences at UMassAmherst.
- In July 2022, FUJIFILM Irvine Scientific launched Heavy Oil for Embryo Culture.
- In December 2021, South Korea’s Cellmeat made fetal bovine serum-free cell culture media for 100% ethically cultivated meat.
Global Cell Culture Media Key Market Trends
- Due to COVID-19 pandemic, researchers are trying to understand the biology of different virus variants to develop new therapeutic methods. This started in laboratory experiments to understand whether a drug can stop the virus from replicating in cells in a dish or whether a vaccine is effective on the virus.
- Regenerative medicine is a new field of medicine which is emerging in the market that promises therapies to replace tissue/organ systems in the human body. Regenerative medicine uses cells, biomaterials and molecules to repair body structures that have been damaged by injury or disease. They require cell culture media for these operations which is expected to drive the market.
Global Cell Culture Media Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis the global cell culture media will grow prodigiously due to new communicable and non-communicable diseases becoming more common these days. North America has the highest share across the globe due to expansion of biotechnology and pharmaceutical companies. Researchers are trying to understand the biology of different viruses and develop new therapeutic methods to cure it. The invention of regenerative medicine is expected to drive the growth as they use cell culture media for their operation. The use of cell culture media in Germany is increasing due to an increase in the number of cancers throughout the country. However, the products are made of plastics and they cannot be recycled and reused which can hamper the growth of the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.9 billion |
| Market size value in 2031 | USD 18.63 billion |
| Growth Rate | 16% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Cell Culture Media Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Cell Culture Media Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Cell Culture Media Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Cell Culture Media Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Cell Culture Media Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Cell Culture Media Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Cell Culture Media Market Report Snapshots
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