Cell Line Development Market Statistics, Outlook and Dynamics by 2027
Research Reports
Mar 18, 2022
Market Insight
Market Research Future (MRFR) has come up with its reports associated with global cell culture media market, which states that the market is touted to exhibit a healthy CAGR of 9.1%, during the assessment period (2017-2023). The market is expected to benefit from stem cell research, biopharmaceuticals, and oncology that are significant drivers for its growth.
Cell nature medium is considered to be a liquid or gel designed that encourages the growth of micro-organisms, cell lines, and cells. The emergence of multiple biotech startups and contract research organizations are mushrooming the meet the demand for biopharmaceutical products can boost the market growth in the foreseen years. On the other hand, a considerable rise in research and development in the expenditure of various companies is also anticipated to augur market growth over time.
The global Cell Culture Media Market is also on the verge of developing due to the presence of lax policies regarding stem cell studies, mainly in the developing regions. However, challenges remain in the form of high costs of culture media, standardization, and the chance of contamination. Massive investment in this market is also one of the major factors that can take global growth during the assessment period.
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Market Segmentation
MRFR also initiated a segmental analysis of global cell culture media market, which includes type and end-user. Therefore, under the type segments, the segments such as chemically defined media, serum-free media, protein-free media, classical media, custom media, and lysogeny broth. Are included. Also, this segment comprises key market applications such as stem cell research, genetic engineering, tissue engineering & biochemistry, toxicity testing, cancer research, and drug discovery & drug development. Whereas, the end-user segment includes research laboratories, pathology labs, academic institutes, and biotechnology & pharmaceutical industries.
Regional Outlook
Geographic analysis of the global cell culture media market includes namely Americas, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA), conferring to the market sizing.
The Asia Pacific is also getting a significant potential growth of the market owing to the increase in the accessibility and availability of research facilities and a considerable rise in healthcare & research expenditure. Apart from this, significant economic development in this region is also boosting the market growth remarkably.
Market Key Players
HiMedia Laboratories (India), Thermo Fisher Scientific (U.S.), BD Biosciences (U.S.), Lonza (Switzerland), Corning Incorporated (U.S.), Merck KGaA (Germany), and GE Healthcare (U.S.). These are some of the crucial players effective in the cell culture media market. Furthermore, in 2017, GE Healthcare and the Austrian Center of Industrial Biotechnology collaborated to produce a cell line.
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Industry Players
July 08, 2019: FUJIFILM Irvine Scientific, Inc., a global leader in the innovation, development, and manufacture of cell culture media, announced about its plans to open a third manufacturing facility in Tilburg, Netherlands. The company currently sites in the United States and Japan. Fujifilm’s investment in the manufacture of cell culture media demonstrates its commitment to accelerate development in bioproduction, and cell and gene therapy markets.
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