What is the global market size of Cell Culture Media Market?

Global Cell Culture Media Market size was valued at USD 4.9 billion in 2021 and is poised to grow from USD 5.68 billion in 2022 to USD 18.63 billion by 2030, growing at a CAGR of 16% in the forecast period (2023-2030).

Cell Culture Media Market Size, Share, Growth Analysis, By Type (Classical Media & Salts, Serum-Free Media), By Application (Biopharmaceutical Production, Diagnostics), By End User (Pharmaceutical & Biotechnology Companies, Hospitals & Diagnostic Laboratories), By Region - Industry Forecast 2024-2031

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

Cell Culture Media Market Insights

Global Cell Culture Media Market size was valued at USD 5.2 billion in 2022 and is poised to grow from USD 6.23 billion in 2023 to USD 20.45 billion by 2031, growing at a CAGR of 16.02% during 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.

Cell Culture Media Market Report Snapshots

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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. 'Thermo Fisher Scientific ', 'Merck KGAA ', 'Danaher ', 'Sartorius AG ', 'Corning Incorporated ', 'Fujifilm Holdings Corporation ', 'Lonza ', 'Becton, Dickinson and Company (BD) ', 'Stemcell Technologies ', 'Miltenyi Biotec ', 'Himedia Laboratories ', 'Biologos ', 'PromoCell GmbH ', 'InvivoGen ', 'Pan-Biotech ', 'Cellular Technology Limited ', 'Cyagen Biosciences ', 'Biowest ', 'Akron Biotech ', 'Kcell Biosciences'

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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