Product ID: SQMIG35H2057
Report ID:
SQMIG35H2057 |
Region:
Global |
Published Date: February, 2024
Pages:
213
|
Tables:
168 |
Figures:
79
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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REQUEST FREE CUSTOMIZATIONCell 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).
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Product ID: SQMIG35H2057