Global Cell Culture Media Market

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 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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FAQs

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).

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. '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'

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. 

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. 

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.  

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Global Cell Culture Media Market

Report ID: SQMIG35H2057

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