Global Cell Culture Media Market

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, and Bacterial cell culture media), By End user(Pharmaceutical & Biotechnology Companies, Hospitals & Diagnostic Laboratories, and Research and Academic Institutes.), By Physical state(Liquid culture media, Semi-solid culture media, and Solid culture media), By Application(Research, and Manufacturing of biomolecules), By Research type(Cytogenetics, Cell therapy, and others), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35H2057 | Region: Global | Published Date: February, 2024
Pages: 213 | Tables: 168 | Figures: 79

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.

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FAQs

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).

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 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. '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.'

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 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.

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

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Global Cell Culture Media Market

Product ID: SQMIG35H2057

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