USD 4.9 billion
Cell Culture Media Market Size, Share, Growth Analysis, By Type(Serum-Free Media (CHO Media, HEK 293 Media, BHK Media, VERO Cell Media), By Application(Biopharmaceutical Production (Monoclonal Antibody Production, Vaccine Production, Other Therapeutic Protein Production Applications), Diagnostics), By End User(Pharmaceutical & Biotechnology Companies, Hospitals & Diagnostic Laboratories, Research & Academic Institutes, Other End Users), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35H2057 |
Region:
Global |
Published Date: September, 2024
Pages:
213
|Tables:
168
|Figures:
79
Cell Culture Media Market Insights
Global Cell Culture Media Market size was valued at USD 5.2 billion in 2022 and is poised to grow from USD 6.23 billion in 2023 to USD 20.45 billion by 2031, growing at a CAGR of 16.02% during the forecast period (2024-2031).
Cell Culture Media organizes and automates much of a company's hiring operations. These systems leverage machine learning and artificial intelligence to methodically sort and filter applications, sending tailored follow-up communications to candidates and closely examining submissions for traits that align with open roles. Due to time investments, financial costs, and inherent human preconceptions, manual scrutinization of candidate profiles has become an unsustainable endeavor for recruiting.
The system has seen a surge in adoption by governments and businesses due to its recruitment automation capabilities. By leveraging natural language processing and data analytics, applicant tracking software streamlines the screening and job posting process on employment sites. This limits human errors and bias that can creep into manual reviews. The market growth in Cell Culture Medias can be attributed to the diverse software solutions utilized across an array of industries, including banking, finance and insurance, manufacturing, telecommunications and information technology, consumer goods and retail, healthcare and life sciences, energy and utilities, as well as transportation and logistics. The amplified demand for automation within various sectors is driving the necessity for application tracking system. It can potentially diminish labor expenses while simultaneously increasing the probability of recruiting talented candidates. ATS affords the capability to rapidly process applications through vast troves of data amassed within a synergistic assembly of databases and workflow administration platforms.
US Cell Culture Media Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Pharmaceutical & Biotechnology Companies
Fastest Growth
Pharmaceutical & Biotechnology Companies
Growth Rate
16% CAGR
Global Cell Culture Media Market ($ Bn)
Country Share for North America Region (%)
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Cell Culture Media Market Segmental Analysis
Global Cell Culture Media Market is segmented by Type, Application, End User and Region. Based on Type , the market is segmented into Serum-Free Media (CHO Media, HEK 293 Media, BHK Media, VERO Cell Media, Serum-Free Stem Cell Media, Immune Cell Media, Insect Cell Media, Other Serum-Free Media), Classical Media & Salts, Stem Cell Culture Media, Chemically Defined (CD) Media, Specialty Media, Other Cell Culture Media. Based on Application, the market is segmented into Biopharmaceutical Production (Monoclonal Antibody Production, Vaccine Production, Other Therapeutic Protein Production Applications), Diagnostics, Tissue Engineering & Regenerative Medicine (Cell & Gene Therapy, Other Tissue Engineering & Regenerative Medicine Applications), Drug Screening & Development, Other Applications. Based on End User, the market is segmented into Pharmaceutical & Biotechnology Companies, Hospitals & Diagnostic Laboratories, Research & Academic Institutes, Other End Users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Cell Culture Media Market Analysis by Type
Based on type, the cell culture media is segmented into classical media & salts and serum-free media. The classical media & salts segment accounted for the largest share of the market in 2023. The increasing research spending for biopharmaceutical and biotechnology products which require consumables such as cell culture media drives the demand for these products. The classical media segment is expected to witness substantial growth during the forecast period. According to the National Centre for Biotechnology Information, due to the surge in the number of infectious diseases, the need for classical media for efficient diagnosis of infectious microorganisms propels the demand for classical media.
Serum-free media is anticipated to witness the fastest growth during the forecast years. Serum-free media can be used for the growth of a cell that does not require any animal sera as it contains all the necessary nutritional and hormonal components. Serum-free media provides a range of scales for both batch and fed-batch cultures, as well as quality benefits such as enhanced efficiency and consistency, easier purification, and downstream processing. Using serum-free media is considerably instrumental because it can enable research to run a particular application or culture a specific type of a cell without serum. The benefits realized from using serum-free media include improved growth and/or productivity, consistent performance, better control over physiological sensitivity, and reducing the risk of infection by serum-borne adventitious agents in the culture.
Cell Culture Media Market Analysis by End-user
Based on the end-user, the market is segmented into pharmaceutical & biotechnology companies, hospitals & diagnostic laboratories, academic & research laboratories. The pharmaceutical and biotechnology company segment witnesses the largest demand in 2023. The market growth in the segment is attributed to the growing biopharmaceutical manufacturing. Additionally, the major players are increasingly investing to expand their biomanufacturing capabilities and are expected to drive the segment growth. Furthermore, there is a significant increasing demand from the biopharmaceutical industry for more reproducible and better-defined media to support the expanding production levels, while reducing the exposure to risk regarding contamination in the downstream operations. In addition to this, increasing number of regulatory approvals for various vaccines and high prevalence of infectious diseases are some additional factors resulting in a surge in the demand for this segment.
The fastest growing segment is expected to be Academic and Research Laboratories. The increasing investment for cancer research and stem cell research is expected to drive the demand for this segment. Cell culture modeling is commonly used in cancer research for understanding disease mechanism, comparatively assessing the efficacy of potential agents and developing personalized medicine. When cultured in vitro, cancer cell cultures provide important insights into the mechanisms of drug resistance, tumor biology and the interaction between tumor and host. Cell culture media also helps in the expansion and maintenance of pluripotent and multipotent stem cells for research purposes and in regenerative medicine practices.
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Cell Culture Media Market Regional Insights
North America retains the largest market share due to factors such as the presence of key manufacturers, a high prevalence of diseases which is creating significant demand for drugs and other medications, advancements in technologies found in the preclinical and clinical segment, the rise in health awareness among the population and high disposable income. According to The American Cancer Society, Inc., in 2020, approximately 1.9 million new cancer cases were diagnosed in the U.S. and approximately 609,360 deaths occurred. Factors such as this will increase the demand and growth of the market during the forecast period.
Asia-Pacific is expected to register the highest CAGR over the forecast period. The increased demand for life science research and swift development of biopharmaceuticals, oncology, and stem cell research are a few key factors to boost the market in this region. In the addition, increasing initiatives by key companies to cater to the swiftly elevating commercialization of high-quality culture media for various pharmaceutical and biotechnological processes as per the customer needs is another key factor contributing to the growth of the cell culture media market in Asia Pacific. Demand in Asia Pacific is anticipated to grow at a significant rate due to numerous regional research organizations, low manufacturing costs, low labor costs, improved healthcare infrastructure, and increasing investment by the American and European market giants in Asian countries such as China, and India driving the demand for the cell culture media in the Asia-Pacific region.
Global Cell Culture Media Market By Geography
- Largest
- Fastest
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Cell Culture Media Market Dynamics
Cell Culture Media Market Drivers
Implementation of Cell Culture Technology to Enhance Productivity
- Researchers across the globe have been engaged in innovative work aimed at developing new techniques to maximize the efficiency of cell culture media for diverse clinical applications. Observations have shown albumins to be integral during the manufacturing of life-saving monoclonal antibodies and recombinant proteins. Albumin binds and stabilizes an array of critical small molecules and ions, lending stability. Therefore, augmenting culture mediums with recombinant mammalian albumin supplements is anticipated to considerably spur market growth and boost product yields. It is projected that embracing these advanced technologies will further accelerate the expansion of the market throughout the projected period.
Growing Research and Development Investment for Vaccines Production
- Major pharmaceutical firms globally have started expanding vaccine manufacturing installations. New regional players too have made their entrance to the industry. This has led all major countries witnessing vaccine output expansion. Consequently, of these elements, demand for fundamental materials like culture media is also predicted to rise, driving the worldwide market growth subsequently. To broaden vaccine production capacity, cell cultures also have proven to be the most proper holders for the propagation of many virus varieties.
Cell Culture Media Market Restraints
Lack of Skills Professionals and Lack of Quality Infrastructure
- The culture media are prepared in laboratories with quality management systems in place to ensure that all the processes of sterilization and propagation using modern particular to purpose equipment are done properly. In low and middle-income countries, there is a lack of resources for proper QMS storage and only basic instruments are used, which impacts the quality of the media, as they are more contaminated.
High Cost Associated with Cell Culture Media
- Expensive cell biology study tools will likely hamper the market for cell culture medium in the coming years. The media, reagents, and other materials used in developing new therapies like stem cell and gene therapy must be of superb quality to obtain exact outcomes. This drive escalates the cost of cell biology research thus restricting numerous small-scale businesses and institutes from affording such costly materials.
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Cell Culture Media Market Competitive Landscape
The cell culture media market is highly consolidated, with the dominant share belonging to major players. In 2023, ThermoFisher Scientific and Danaher together accounted for the major cell culture media market share. The leading positions of these companies are due to the strong distribution network and their constant work on launching new products in to the market. In addition, such strategic decisions as mergers, acquisitions, or expansion of manufacturing sites also lead these players to more solid positions on the market.
Cell Culture Media Market Top Company Profiles
- Thermo Fisher Scientific
- Merck KGAA
- Danaher
- Sartorius AG
- Corning Incorporated
- Fujifilm Holdings Corporation
- Lonza
- Becton, Dickinson and Company (BD)
- Stemcell Technologies
- Miltenyi Biotec
- Himedia Laboratories
- Biologos
- PromoCell GmbH
- InvivoGen
- Pan-Biotech
- Cellular Technology Limited
- Cyagen Biosciences
- Biowest
- Akron Biotech
- Kcell Biosciences
Cell Culture Media Market Recent Developments
- Pfizer and Thermo Fisher Scientific Inc. announced in May 2023 that both the companies ventured into an agreement for the wider access of next-generation sequencing testing for breast and lung cancer in over 30 countries.
- In January 2024 US based company, Merck, had introduced its first digital hub outside of the United States and Europe, the introduction having been Merck Digital Hub in Singapore. capabilities.
- US-based, Agilent Technologies launched the Agilent SureSelect Cancer CGP Assay for somatic variant profiling for stretch sequencing of solid tumor types in April 2023.
Cell Culture Media Key Market Trends
- Increasing Acceptance for Gene Therapies: Gene therapy is applied for treating diverse acquired and inherited neurological diseases. Moreover, gene products are mentioned to lessen cellular dysfunction and have been validated as a novel therapeutic approach. In addition, several applications in gene therapy have emerged at the moment, while scientists globally are involved in R&D to uncover novel applications. This is expected to boost the demand for cell culture media.
- Development in Tissue Engineering: Initially, tissue engineering was limited to replacing the damaged or affected parts of the body. However, over the last decade, there have been considerable advancements in the field of tissue engineering, which have significantly impacted the 3D bioprinting of organs and tissues. Hence, the advancements in tissue engineering and regenerative medicines are presenting growth prospects for the culture media market.
Cell Culture Media Market SkyQuest Analysis
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, market growth for cell culture media is primarily propelled by the upsurge in the prerequisite for biopharmaceutical products, the increase in investments in research and development, and the favorable government policies. Moreover, the approval of cell-based candidate vaccine viruses by the Food and Drug Administration for use in cell-based influenza vaccines has increased the efficiency and effectiveness of cell-based flu vaccines.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 5.2 billion |
| Market size value in 2031 | USD 20.45 billion |
| Growth Rate | 16.02% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| 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 |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cell Culture Media Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cell Culture Media Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cell Culture Media 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 Media 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.
Analyst Support
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 Media Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cell Culture Media 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.
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