USD 24.03 Billion
Report ID:
SQMIG35H2257 |
Region:
Global |
Published Date: November, 2024
Pages:
208
|Tables:
96
|Figures:
71
Global Cell Culture Market size was valued at USD 28.2 billion in 2022 and is poised to grow from USD 32.01 billion in 2023 to USD 88.15 billion by 2031, growing at a CAGR of 13.50% during the forecast period (2024-2031).
Key trends in the global cell culture market are rising awareness of the application of cell culture and research, as well as financial development in the field of research and expansion in the field of cancer research. Growth in the industry is also aided by the anticipated rise in sophisticated cell culture technology. In vitro culture means isolating cells and growing them under controlled conditions without the help of a plant or an animal source. This artificial environment contains nutrients like appropriate pH, humidity, gases and temperature that enable the cells to grow and divide.
The extraction of cells from tissues prior to culture may be done using either enzyme-based or mechanical method. Established cell lines or cell strains are one of the options for cells to take care of cell culture. Various tools or equipment can be used in production of a cell culture. In addition to various chemicals, these devices are referred to as instruments. Cell cultures are produced using various chemicals too. Consumable refers to the fact that these compounds are used up during the procedure. A controlled physico-chemical environment, growth factors, hormones, gases, and a substrate or medium are all necessary for cell culture.
Global Market Size
USD 24.03 Billion
Largest Segment
Cancer Research
Fastest Growth
Regenerative Medicine
Growth Rate
13.4% CAGR
To get more reports on the above market click here to Buy The Report
Global Cell Culture Market is segmented by Product, Application, End User, and region. Based on Product, the market is segmented into Consumables, and Equipment. Based on Application, the market is segmented into Biopharmaceutical Production, Diagnostics, Tissue Engineering & Regenerative Medicine, Drug Screening & Development, and Other Applications. Based on End User, the market is segmented into Pharmaceutical & Biotechnology Companies, Hospitals & Diagnostic Laboratories, Research & Academic Institutes, and Other End Users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Application
As per categorization by application, the market is classified as stem cell technology, cancer research, drug screening & development, tissue engineering & regenerative medicine and others. Among these, tissue engineering & regenerative medicine earned the largest share and continue to dominate the market. By developing customised therapies and organ regeneration, tissue engineering and regenerative medicine are transforming the global cell culture market. Their domination is being driven by advancements in biomaterials, stem cell technologies, and 3D bioprinting, which provide state-of-the-art solutions for intricate tissue replacement and repair, hence satisfying the increasing need for cutting-edge medical therapies.
The global cell culture market is anticipated to witness the fastest growth in cancer research due to increased investments in personalized medicine and innovative therapeutics. Advances in cell culture technology are contributing to the rapid growth of the market by facilitating drug discovery and testing, which are critical to developing targeted therapies and understanding cancer biology.
Analysis by End User
The global cell culture market is being driven by pharmaceutical and biotechnology businesses that are utilising advancements in drug development, such as biomanufacturing and high-throughput screening. Their prominence is a result of the necessity for accurate, scalable models for drug production and testing, which boost productivity and hasten the discovery of novel treatments.
The research institutes are projected to boost faster than any other sector in the global cell culture market due to their increased focus on advanced research and improvements in cellular biology. The demand for novel cell culture models for their inventive R&D purpose has dominated huge capital investments and expansion of the industry, which has greatly influenced its development.
To get detailed analysis on other segments, Request For Free Sample Report
North America, with its advanced healthcare system, huge efforts in research and development, and clustering of leading biotechnology and pharmaceutical firms, is today the world leader in global cell culture markets. Besides, there are many academic and research institutions that facilitate innovation and technology transfer in cell culture, thereby strengthening this region. North America's market leadership is further cemented by the region's advantageous legislative framework, significant financing for life sciences, and high adoption rates of cutting-edge technologies. North America is positioned as the major hub for cell culture breakthroughs and applications due to its highly qualified workforce, increased emphasis on personalized medicine, and use of regenerative medicines.
Europe is the highest growing country in the global cell culture market due to its fast-growing life sciences sector, increased research funding, and high investments in biotechnology and pharmaceutical sectors. The continent also has many universities and research centers focusing on cell culture advances which promote collaborative research. The expansion of the market in Europe owes its rise to government initiatives and support systems, personalized medicines and regenerative medicine. Increasing clinical trials and development of new cell culture technologies are also contributing factors to this field's growth. By incorporating modern technologies and establishing strong ties with academia, Europe is consolidating its leadership role in cell culture development.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
Rising Demand for Biopharmaceuticals:
Advancements in 3D Cell Culture Technologies:
Restraints
Ethical Concerns and Regulatory Hurdles:
Limited Skilled Workforce:
Request Free Customization of this report to help us to meet your business objectives.
Trained with data till October 2023. Seriously competitive global cell culture market due to continuous innovation and technological advancement. Major players are focusing on strategic alliances, acquisitions as well as product development to expand their market share. Corning Incorporated, GE Healthcare, Merck KGaA, Thermo Fisher Scientific and Lonza Group are leading global companies supplying various cell culture products like medium, reagents among others. These companies are shaping the market by investing in biopharmaceuticals and cell-based research solutions.
Top Player’s Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, Finally, it should be noted that the development of biopharmaceuticals, stem cell technologies, and cancer research are driving the rapid expansion of the global cell culture market. 3D culture systems and single-use bioreactors are examples of the evolving cell culture technologies that make personalized treatment and drug development more effective.
The market is also further boosted by regional research and development expenditures especially in North America and Europe yet to maintain the growth; issues such as ethical concerns, legal constraints and the inadequacy of skilled labor must be solved. Due to constant innovation that prominent stakeholders engage themselves in this sector, there exists a high likelihood that it will continue expanding for many years to come.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 28.2 billion |
Market size value in 2031 | USD 88.15 billion |
Growth Rate | 13.50% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Cell Culture Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cell Culture Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cell Culture Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cell Culture Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG35H2257
sales@skyquestt.com
USA +1 351-333-4748