Cell Culture Media Market To Report Impressive Growth, Revenue To Surge To USD 20,939.21 By 2032

19-Feb-2024 | Zion Market Research

At a CAGR (compound annual growth rate) of about 14.28% from 2024 to 2032, the global cell culture media market size is expected to grow from an estimated US$ 62,298.37 million in 2023 to a value of US$ 20,939.21 million in 2032.

Cell Culture Media Market Size

With the presence of a large pool of participants, the global cell culture media market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). BD Biosciences, ClonTech Laboratories Incorporation, GE Healthcare, and Lonza Bioscience, and Thermo Fisher Scientific Incorporation are some of the key vendors of across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the cell culture media market study.

This review is based on a report by Zion Market Research, titled Cell Culture Media Market By Reagent Type (Albumin, Hormones, Attachment Factors, Amino Acid, And Growth Factors And Cytokines); By Type (Chemically-Defined Media, Classical Media, Lysogeny Broth, Protein-Free Media, Serum-Free Media, And Specialty Media); By Applications (Biopharmaceuticals And Therapeutics, Biotech Research, Cancer, Drug Screening And Drug Development, Regenerative Medicine And Tissue Engineering, And Stem Cell Technologies); And By End-Users (Biotechnology And Pharmaceutical Companies, Research Laboratories, Academic Institutes, And Pathology Labs), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024–2032”- Report at https://www.zionmarketresearch.com/report/cell-culture-media-market

Citing an instance, in July 2023, Merck a leading science and technology company declared that it is expanding powdered cell culture media production across the U.S. The company sources claim that adding 9,100 sq m2 of lab space and production capability to manufacture cell culture media

As estimated in this report, the global cell culture media market stood at US$ 6298.37 million in the year 2023. Witnessing a tremendous rise during the period from 2024 to 2032, the revenue in this cell culture media market is expected to reach US$ 20,939.21 million by the end of the forecast period. The main types available in this cell culture media market are chemically-defined media, classical media, lysogeny broth, protein-free media, serum-free media, and specialty media. Among them, the demand for classical media is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.

Need To Treat Chronic Ailments Effectively To Contribute Towards Growth

“Mounting cases of chronic disorders along with humungous need for treating them in a personalized manner has generated escalating preference for cell culture process, thereby leading to huge demand for cell culture media market,” says the author of this study. Apart from this, enhanced awareness about the stem cell culture is expected to further drive the cell culture media market trends in the near future.

Low availability of skilled laboratory technicians and pharmacists across the emerging economies, however, is anticipated to hinder the expansion of cell culture media market over the years to come.

Technological Innovations To Support North America Maintain Dominance

Regionally, North America has been leading the worldwide cell culture media market and is anticipated to continue on the dominant position in the years to come, states the cell culture media market study. The rising number of research & development activities along with acceptance of new technologies is the main factor behind the dominance of the North America cell culture media market. In addition to this, acceptance of new protocols for in-vitro cultivations is likely to drive the growth of cell culture media market in North America.

The global cell culture media market is segmented as follows:

By Reagent Type

  • Albumin
    • Bovine Serum Albumin
    • Human Serum Albumin
    • Recombinant Human Serum Albumin
  • Hormones
  • Attachment Factors
  • Amino acid
  • Growth factors and Cytokines
    • Tumor necrosis factors
    • Insulin-like growth factors
    • Interferons
    • Interleukins

 By Type

  • Chemically-defined media
  • Classical media
  • Lysogeny broth
  • Protein-free media
  • Serum-free media
  • Specialty media

By Application

  • Biopharmaceuticals and Therapeutics
  • Biotech Research
  • Cancer
  • Drug Screening and Drug Development
  • Regenerative Medicine and Tissue Engineering
  • Stem Cell Technologies
  • Global Cell Culture Media Market:  End-user Segment Analysis 
  • Biotechnology and Pharmaceutical companies
  • Research Laboratories
  • Academic Institutes
  • Pathology Labs

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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