Meticulous Research®, a leading authority in market intelligence, has released a new report titled “Cell Culture Market by Product (Consumables and Equipment), Application (Bioproduction, Cancer Research, Stem Cell, Diagnostics), and End User (Pharmaceutical, Academic) - Global Forecast to 2029.” The analysis predicts that the cell culture market will grow at an impressive CAGR of 11.7%, reaching $48.63 billion by 2029.
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Key drivers for this growth include the expanding biopharmaceutical industry, rising rates of chronic diseases, increased demand for monoclonal antibodies, enhanced funding for research initiatives, and a growing preference for single-use technologies. Moreover, advancements in 3D cell culture and the rise of personalized medicine offer exciting opportunities for market participants.
COVID-19 Pandemic’s Influence on Cell Culture Research
The COVID-19 pandemic has underscored the significance of cell culture in biomedical research. Understanding the dynamics of the virus was crucial for developing effective treatment and control strategies. Researchers worldwide have employed cell culture models to study the virus's biology, facilitating the creation of vaccines and therapeutic interventions.
In vitro cell culture models, particularly those mimicking human lung tissue, have played a pivotal role in COVID-19 research. These models have been essential in various studies, including antiviral drug testing, vaccine efficacy, and understanding virus stability, thereby positively impacting the demand for cell culture products.
Comprehensive Market Insights
The cell culture market is segmented into Consumables (including media, reagents, sera, and cell lines) and Equipment (bioreactors, centrifuges, and more). The consumables segment is projected to dominate the market due to the increasing reliance on these essential materials across various applications.
Within applications, bioproduction is expected to hold the largest market share, driven by heightened demand for biopharmaceuticals, including monoclonal antibodies and vaccines.
By end user, the market consists of pharmaceutical & biotechnology companies, academic & research institutions, and other sectors. The pharmaceutical and biotechnology companies segment is anticipated to lead, supported by significant investments in research and development.
Geographic Trends
Meticulous Research®’s report also provides a detailed analysis of regional markets, highlighting North America (U.S., Canada) as the dominant region in 2022. This growth is attributed to a robust healthcare infrastructure, technological advancements, and the ongoing expansion of biopharmaceutical manufacturing.
Key Industry Players
Key players in the cell culture market include:
• Merck KGaA (Germany)
• Thermo Fisher Scientific Inc. (U.S.)
• Cytiva (U.S.)
• Lonza Group Ltd. (Switzerland)
• Corning Incorporated (U.S.)
• Becton, Dickinson and Company (U.S.)
• Avantor, Inc. (U.S.)
• Bio-Rad Laboratories, Inc. (U.S.)
• HiMedia Laboratories (India)
• Sartorius AG (Germany)
• Eppendorf SE (Germany)
• FUJIFILM Holdings Corporation (Japan)
• Agilent Technologies, Inc. (U.S.)
• Getinge AB (Sweden)
• Greiner Bio-One GmbH (Austria)
• Miltenyi Biotec B.V. & Co. KG (Germany)
Final Thoughts
The findings in this report reflect the essential role of cell culture in modern research and biopharmaceutical production. With numerous opportunities for innovation and growth, stakeholders are encouraged to engage with emerging trends in the cell culture market.
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