Cell Culture Media Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The cell culture media market is anticipated to grow on account of the rapid progress in biopharmaceuticals, oncology, and stem cell research. Cell culture plays a vital role in vaccine production and cell culture technology has been used to produce vaccines for chicken pox, polio, smallpox, hepatitis, etc. Also, cell culture-based vaccine production is far more efficient and offers many advantages over traditional manufacturing methods such as shortened lead-time and the capability to produce vaccines in larger quantities. Thus, recent years have witnessed an increased demand for cell-based vaccines, resulting in efforts by major industry players to capitalize on the opportunities provided. Thereby, boosting the growth of the cell culture media market globally. For example, in Feb 2020, Seqirus received US FDA approval for AUDENZ, a cell-based Influenza A (H5N1) Monovalent Vaccine for individuals aged six months and older.

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The recent COVID-19 pandemic has disrupted the healthcare industry with the emergence of SARS-COV-2. As of March 16, 2021, there have been almost 121 million cases of COVID-19 worldwide. The disease has impacted more than 210 countries and territories, with the United States confirming around one-fifth of all global cases. With this huge surge in the covid cases, the demand for cell culture media has also witnessed an uptick as many pharmaceutical and biotechnology companies are actively focusing on developing vaccines and drugs against the virus.

According to UnivDatos Market Insights (UMI)’ research report “Global Cell Culture Media Market Analysis, 2020”, the cell culture media market is projected to grow at a CAGR of around 12% during 2021-27F. A rise in foreign direct investment (FDI) in the drugs & pharmaceutical sector is one of the prominent factor contributing to the growth of the cell culture media market. For instance, as of December 2020, the drugs and pharmaceuticals sector in India saw a foreign direct investment equity inflow worth nearly 1.3 billion U.S. dollars for the financial year 2021, up from USD 266 million in 2019. Owing to these investments, more and more biotechnology and pharmaceutical companies are investing in R&D to discover new and potential drugs and increasing the production of various biopharmaceutical products which in turn is propelling the cell culture media market all over the world.

Based on the application, the market is fragmented into cancer research, biopharmaceuticals, regenerative medicine & tissue engineering, and diagnostics. The biopharmaceuticals segment accounted for a considerable share in 2020 and is anticipated to register a lucrative CAGR during the forecast period owing to the growing regulatory approvals to produce cell culture-based vaccines and increasing demand for various biopharma products such as mAbs. However, the cancer research segment is also expected to grow considerably during the projected timeframe.

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Pharmaceutical & Biotechnology Companies Segment to Witness Robust growth

Based on end-users, the market is segmented into pharmaceutical & biotechnology companies, hospitals & diagnostic laboratories, research & academic institutes, and others. The pharmaceutical & biotechnology companies segment had the highest revenue and CAGR growth in the analyzed period period owing to the rising prevalence of various infectious diseases and increasing research and development activities by biotechnology and pharmaceutical companies.

North America to Grab Lion’s Share, and witnessed Explicit Growth

Based on the region, North America dominated the global cell culture media market in 2020. The region is projected to maintain its dominance during the forecasted period 2021-27 owing to the presence of well-established market players and frequent product launches in the region. North America is expected to skyrocket with a CAGR of XX% in the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “Global Cell Culture Media Market Analysis, 2020”. 

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Cell Culture Media Market include Thermo Fisher Scientific, Inc., Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Hi-Media Laboratories Pvt. Ltd., Merck KGaA, Corning Incorporated, Sartorius AG, Fujifilm Holdings Corporation, Lonza Group Ltd, Caisson Laboratories Inc., among others. The players are focused on launching products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

“Global Cell Culture Media Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for cell culture media providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1.      By Type (Lysogeny Broth, Chemically Defined Media, Classical Media, Serum-Free Media, Specialty Media, Stem Cell Media, and Others)

2.      By Application (Cancer Research, Biopharmaceuticals, Regenerative Medicine & Tissue Engineering, and Diagnostics)

3.      By End-Users (Pharmaceutical & Biotechnology Companies, Hospitals & Diagnostic Laboratories, Research & Academic Institutes, and Others)

4.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.      By Company (Thermo Fisher Scientific, Inc., Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Hi-Media Laboratories Pvt. Ltd., Merck KGaA, Corning Incorporated, Sartorius AG, Fujifilm Holdings Corporation, Lonza Group Ltd, Caisson Laboratories Inc., etc.)

Key questions answered in the study:

1.      What are the current and future trends of the cell culture media industry?

2.      How the industry has been evolving in terms of type, application, and end-users?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the cell culture media industry?

5.      What is the customer orientation, purchase behavior, and expectations from cell culture media firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 COVID-19 IMPACT

6 GLOBAL CELL CULTURE MEDIA MARKET REVENUE

7 MARKET INSIGHTS BY POLYMER TYPE

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY END-USERS

10 MARKET INSIGHTS BY REGION

11 CELL CULTURE MEDIA MARKET DYNAMICS

12 CELL CULTURE MEDIA MARKET OPPORTUNITIES

13 CELL CULTURE MEDIA MARKET TRENDS & INSIGHTS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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