Global Cell Culture Market
The global Cell Culture market was valued at USD 12.41 billion in 2016 and is projected to reach USD 30.31 billion by 2025, growing at a CAGR of 10.43% from 2017 to 2025.
Cell culture is the process by which cells are grown under controlled conditions, generally outside their natural environment. With increasing advances in biotechnology and its implementation in biopharmaceutical sector, the market is expected to grow at a high CAGR.
1. Market Drivers
1.1 Growing Awareness on the Benefits Of, and Rising Regulatory Approvals For, Cell Culture-Based Vaccines
1.2 Increase in Demand for Monoclonal Antibodies (MABS)
1.3 Funding for Cell-Based Research
1.4 Growing Preference for Single-Use Technologies
1.5 Technological Advancements
2. Market Restraints
2.1 High Cost of Cell Biology Research
2.2 Lack of Infrastructure for Cell-Based Research in Emerging Economies
1. By Application:
1.1 Cancer Research
1.2 Stem Cell Technologies
1.3 Drug Screening & Development
1.4 Biopharmaceutical/Therapeutic Applications
1.4.1 Vaccine Production
1.4.3 Recombinant Therapeutic Proteins
1.5 Tissue Engineering & Regenerative Medicine
1.6 Other Applications
2. By End User:
2.1 Pharmaceutical and Biotechnology Companies
2.2 Research Institutes
3. By Product:
3.1.2 Cell culture vessels
3.1.3 Cell culture storage equipment
3.1.4 Cell culture supporting equipment
3.2.4 Bioreactor Accessories
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Thermo Fisher Scientific, Inc.
2. Merck KGAA
3. GE Healthcare (A Subsidiary of General Electric Company)
4. Lonza Group AG
5. Corning, Inc.
6. Becton, Dickinson and Company
7. Eppendorf AG
8. Hi-Media Laboratories
9. Sartorius AG
10. Promocell GmbH
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Cell Culturemarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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