Cell Culture Media Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Cell Culture Media Market
The cell culture media market size was valued at USD 2.56 billion in 2023, and the market is now projected to grow from USD 2.75 billion in 2024 to USD 7.45 billion by 2032, exhibiting a CAGR of 13.3% during the forecast period of 2024-2032.
In addition, exhibitions of studies on stem cell, and the emergent interest exhibited by key players in the development of personalized and regenerative medicine are other factors that are fueling the cell culture media market growth. The COVID-19 pandemic also helped to increase the demand for the cell culture media, thanks to the increased focus on the production of vaccines.
This is amplified by the current increased expansion of the facilities in the manufacture of vaccines by the established key players in the vaccine industry, not forgetting entry of players into the market. This may also leads to increase in the cell culture media market share because this surge is not only as a direct result of current present general vaccination call but as a strategic consideration in relation to future health crises as well.
Research and development activities that are yet to be carried out by researchers in different countries are very crucial in the improvement of the efficiency of the cell culture media. Such advancements should also enhance performance and applicability of cell cultures for real-life uses such as for tissue engineering, regenerative medicine along with the production of vaccines.
Comprehensive Analysis of Cell Culture Media Market
The cell culture media market is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by type, by application, & by end user. The sub-categories under types include: classical media, specialty media, serum free media, & others. However, the various applications include: drug screening and development, research, & others. By end user the market can be divided into: biotechnology and pharmaceutical industries, academic & research laboratories, and others.
The North America region leads the cell culture media market by benefitting a market size of USD 1.12 billion in 2023 due to the increasing spending on R&D activities by the major players in the region.
The top players in the market play a crucial role in the industry, assuring industrial prospectus growth and setting market standards. These players include: Fujifilm Irvine Scientific (U.S.) Thermo Fisher Scientific Inc. (U.S.) BD (Becton, Dickinson and Company) (U.S.) Merck KGaA (Germany) Sartorius AG (Germany) Corning Incorporated (U.S.) PromoCell GmbH (Germany) Lonza (Switzerland) Danaher (U.S.).
In July 2023, Lonza launched a new cell culture platform, TheraPro CHO media system. When used with GS-CHO cell lines, it simplifies media preparation processes and optimizes productivity.
Segmentation Table
Global Cell Culture Media Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 13.3% from 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Type, By Cancer Type, & By End-user
By Type Classical Media
Specialty Media
Serum Free Media
Others
By Application Drug Screening and Development
Research
Others
By End user Biotechnology and Pharmaceutical Industries
Academic & Research Laboratories
Others
By Region North America (By Type, Application, End-user, and Country)
- U.S.
- Canada
Europe By Type, Application, End-user, and Country)
- U.K.
- Germany
- France
- Spain
- Italy
- Scandinavia
- Rest of Europe
Asia Pacific (By Type, Application, End-user, and Country)
- China
- Japan
- India
- Australia
- Rest of Asia Pacific
Rest of the World (By Type, Application, End-user, and Country)
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