A recent report published by Infinium Global Research on the cell culture media market provides an in-depth analysis of segments and sub-segments in the global as well as regional cell culture media market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional cell culture media market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global cell culture media market. According to the report, the global cell culture media market is projected to grow at a CAGR of 8.1% over the forecast period of 2019-2025.
Cell culture media plays a vital role in microbiology, biotechnology and in cell-based assays. Cell culture media is composed of amino acids, vitamins, carbon sources, salts, minerals, hormones and sugar (Glucose/Sucrose) as an energy source. Cell culture media is utilised by research and development labs, biopharmaceutical industries and academic institutes in major amounts.
Increasing research and development activities for biological drug development has boosted the demand for cell culture media market. Cell culture media is used to grow cell in a controlled environment and to study the cytopathic effect on the cell that in turn, help scientist to develop a new biological drug. Moreover, increasing the manufacturing of biopharmaceuticals is fuelling the demand for cell culture media market. A number of biopharmaceutical drugs such as vaccines, single cell proteins, hormones and production of antibiotics require a large volume of culture media which in turn has fuelled the demand of cell culture media. Furthermore, growing research in stem cell therapy and oncology is also supporting the growth of cell culture media. On the other hand, the high cost of the culture media and their maintenance can hamper the market in the near future. However, increasing funding and new innovations can provide better opportunities for the market in the forecast period.
Geographically cell culture media market segmented into North America, Europe, Asia-Pacific and Rest of World (RoW). North America dominates the global market and expected to keep its dominance over the forecast period, followed by Europe. Advanced healthcare facilities, increasing research and development activities and the presence of big market players such as Thermo Fisher Scientific, Merck KGaA are supporting the growth of the market in these regions. The Asia-Pacific is a high potential market for cell culture media, rising demand for biopharmaceutical drugs, heavy investments by major pharma players for research and developments and raising awareness will contributing to the growth of the market in this region.
The report on the global cell culture media market covers segments such as product type, application, and end user. On the basis of product type, the sub-markets include serum-free media, chemically defined media, lysogeny broth, classical media, stem cell media, specialty media, and other products. On the basis of application, the sub-markets include biopharmaceuticals, biological drug discovery, cancer research, tissue engineering, stem cell technologies, and other applications. On the basis of end user, the sub-markets include academic institute, research and development laboratory, biotechnology industry, and other end users.
The report provides profiles of the companies in the market such as Becton, Dickinson and Company (BD), Bio-Rad Laboratories Inc., GE Healthcare, Merck & Co., Inc., Thermo Fisher Scientific Inc., Vitro Diagnostics, Inc., Avantor Performance Materials, Sartorius AG, HiMedia Laboratories Pvt., Ltd, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of cell culture media market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.