Global Culture Media Market: Overview
Culture media comprise of different nutrients that help in storage, maintenance, proliferation, and growth of microbial and other cell types like stem cells. Culture media is widely adopted in microbiological centers to help develop and control organisms. Apart from these, it is also widely used in subatomic science, modern applications, natural examination, and food investigation. However, different types of media are adopted for maintaining and growing distinct cell types. Culture media may range from semi-solid and liquid to solid designs to help the proliferation of a population of microorganisms with the help of the cell proliferation process. Also, cell culture technology supports the development of monoclonal antibodies. Such antibodies can effectively be manufactured synthetically with the help of culture media in labs.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Global Culture Media Market: Growth Factors
The global culture media market is projected to reach USD 13.5 billion with a CAGR of 9.4 % during the forecast period. The development of the market is largely influenced by the rapid progress of stem cell research, oncology, and different spaces of biopharmaceutical globally. Also, there has been a significant spike in the funding and investment activities in the global culture media market in recent years. The ongoing research and development activities by public and private companies for drugs and vaccines against microorganisms will positively impact the growth of the global culture media market. For instance, according to clinical trials.gov, around 1126 clinical trials are under process for antiviral therapies. According to the annual report of Companies in 2019, Johnson and Johnson invested around 11.36 billion dollars in research and development activities. The outbreak of the Covid-19 pandemic will have a positive impact on the development of the market. Many pharmaceutical companies and innovators are actively undertaking veterinary research activities for the innovation of anti-virus and vaccines. Additionally, the innovation of drugs and vaccines needs cultural media to culture and grow targeted bacteria and viruses. Thereby the global culture media market will see strong growth prospects in the forthcoming years.
Global Culture Media Market: Segmentation
The global culture media market can be segmented into research type, application, end-user, type, and region.
By research type, the market can be segmented into cell therapy, cytogenetics, and others.
By application, the market can be segmented into drug discovery, stem cell technologies, regenerative medicine & tissue engineering, bio-pharmaceuticals, cancer research, and other applications.
By end-user, the market can be segmented into research laboratories, academic institutes, biotechnology & pharmaceutical sector, and others. The biotechnology & pharmaceutical sector segment accounts for the largest share in the global culture media market due to the high adoption rate of single-use technologies and the surging number of regulatory approvals regarding culture-based vaccines. Additionally, the growing number of pharmaceutical players in this space will further drive the growth of the segment in the forthcoming years.
By type, the market can be segmented into custom media formulation, stem cell media, specialty media, serum-free media, classical media, chemically defined media, and lysogeny broth. Chemically defined media segment holds the largest share in the global market due to the fact that it offers consistency in every physiologically associated environment for distinct organism cell culture.
Global Culture Media Market: Regional analysis
North America accounts for the largest share in the global culture media market due to the presence of major market leaders in the region. Furthermore, a large number of cultured products are initially introduced in regions like the United States and later shipped across the globe.
Asia Pacific is another leading region in the global market due to the fast proliferating medical and biopharmaceutical sector in the region.
Global Culture Media Market: Competitive Players
Some of the significant players in the global culture media market include Cyagen Biosciences, Inc., Takara Bio, Inc., Thermo Fisher Scientific Inc., Merck & Co., Inc., Lonza Group Ltd., HiMedia Laboratories Pvt., Ltd, GE Healthcare, Fujifilm Holdings Corporation, Corning Incorporated, Bio-Rad Laboratories Inc., and Dickinson and Company.
Global Culture Media Market: Regional Segment Analysis
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The global culture media market is projected to reach &13.5 billion with a CAGR of 9.4 % during the forecast period. The development of the market is largely influenced by the rapid progress of stem cell research, oncology, and different spaces of biopharmaceutical globally. Also, there has been a significant spike in the funding and investment activities in the global culture media market in recent years.
Some of the significant players in the global culture media market include Cyagen Biosciences, Inc., Takara Bio, Inc., Thermo Fisher Scientific Inc., Merck & Co., Inc., Lonza Group Ltd., HiMedia Laboratories Pvt., Ltd, GE Healthcare, Fujifilm Holdings Corporation, Corning Incorporated, Bio-Rad Laboratories Inc., and Dickinson and Company.
North America accounts for the largest share in the global culture media market due to the presence of major market leaders in the region. Furthermore, a large number of cultured products are initially introduced in regions like the United States and later shipped across the globe.
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