Pune, India, April 20, 2022 (GLOBE NEWSWIRE) -- As per credible sources, global cell culture media market size was worth USD 2153.63 million in 2021 and is estimated to register a robust growth rate of 9.46%, reaching a valuation of USD 4110.91 million by the end of 2028.
On further analysis, it divides the marketplace based on type and application to determine the verticals contributing to industry growth. To understand the current standing of the market, the study encompasses the regions responsible for amplifying the revenue inflow.
Conclusively, it outlines the companies participating in the market by employing innovative strategies like product developments, mergers & acquisitions, and collaborations.
Soaring demand for cell culture-based vaccines, focus on developing novel solutions to produce monoclonal antibodies in the biopharmaceutical sector, and surging proportion of patient requiring protein therapeutics are factors contributing to the growth of industry.
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For the uninitiated, cell culture media is an artificial process of growing cells that do not require eggs like traditional method particularly to make vaccines, making them a preferred method for cell production.
Despite the optimistic outlook, upholding cost-effectiveness and maintaining desired quality are likely to pose as challenges for worldwide cell culture media market players during the review period.
Segmental overview:
In terms of type, the basic medium segment held a revenue share of 30.31% in 2021 and is anticipated to grow at 4.33% CAGR, amassing a valuation of USD 885.49 million by the end of 2028.
Concerning application spectrum, the vaccine vertical is expected to expand at 9.35% CAGR through 2028 and account for a market share of 40.75% by the end of the analysis timeline.
Regional analysis:
Seasoned analysts cite that Europe market was estimated to be worth USD 622.03 million in 2022, wherein Germany is slated to generate USD 262.3 million.
Meanwhile, the U.S. market accounts for a 37.69% revenue share in 2022 and is poised to accrue USD 1480.20 million by the end of the assessment timeframe.
Speaking of Asia Pacific region, China cell culture media industry is predicted to expand at 12.23% CAGR over the next seven years, reaching a valuation of USD 591.71 million by the end of the research period.
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Competitive dashboard:
The key companies in global cell culture media market include Sera Scandia A/S, Thermo Fisher Scientific, Miltenyi Biotec, Merck KGaA, STEMCELL Technologies Inc., Global Life Sciences Solutions USA LLC, Vitro Diagnostics Inc., Corning Incorporated, YOCON Biology Technology Company, and Shanghai OPM Biosciences Co. Ltd. among others
Global Cell Culture Media Market, By Type (Revenue, USD Million, 2017-2028)
- Serum-Free Medium
- Basic Medium
- Others
Global Cell Culture Media Market, By Application (Revenue, USD Million, 2017-2028)
- Research Institute
- Vaccine
- Pharmaceutical Industry
Global Cell Culture Media Market, Regional Analysis (Revenue, USD Million, 2017-2028)
North America
- Canada
- U.S.
South America
- Argentina
- Mexico
- Brazil
Middle East & Africa
- Tukey
- UAE
- Saudi Arabia
Europe
- France
- Italy
- Germany
- U.K.
- Russia
Asia Pacific
- India
- Japan
- South Korea
- Australia
- China
- Southeast Asia
Global Cell Culture Media Market, Competitive Dashboard (Revenue, USD Million, 2017-2028)
- Sera Scandia A/S
- Thermo Fisher Scientific
- Miltenyi Biotec
- Merck KGaA
- STEMCELL Technologies Inc.
- Global Life Sciences Solutions USA LLC
- Vitro Diagnostics Inc.
- Corning Incorporated
- ReproCELL Inc.
- Lonza Group
- Bio-Rad Medisys Pvt Ltd.
- Fujifilm Irvine Scientific Inc.
- Becton, Dickinson & Company
- HiMedia Laboratories
- Avantor Inc.
- Takara Co. Ltd.
- Bio-Engine
- Minhai Biotechnology Co. Ltd.
- R&D Systems
- Shanghai Junshi Biosciences Co. Ltd.
- Zenbio Lifesciences
- YOCON Biology Technology Company
- Shanghai OPM Biosciences Co. Ltd.
Table of Content:
1 Cell Culture Media Market Overview
1.1 Product Overview and Scope of Cell Culture Media
1.2 Cell Culture Media Segment by Type
1.2.1 Global Cell Culture Media Sales Growth Rate Comparison by Type (2022-2028)
1.2.2 Basic Medium
1.2.3 Serum-Free Medium
1.2.4 Others
1.3 Cell Culture Media Segment by Application
1.3.1 Global Cell Culture Media Sales Comparison by Application (2022-2028)
1.3.2 Vaccine
1.3.3 Pharmaceutical Industry
1.3.4 Research Institute
1.4 Global Cell Culture Media Market Size Estimates and Forecasts
1.4.1 Global Cell Culture Media Revenue 2017-2028
1.4.2 Global Cell Culture Media Sales 2017-2028 9
1.4.3 Cell Culture Media Market Size by Region: 2017 Versus 2021 Versus 2028
2 Cell Culture Media Market Competition by Manufacturers
2.1 Global Cell Culture Media Sales Market Share by Manufacturers (2017-2022)
2.2 Global Cell Culture Media Revenue Market Share by Manufacturers (2017-2022)
2.3 Global Cell Culture Media Average Price by Manufacturers (2017-2022)
2.4 Manufacturers Cell Culture Media Manufacturing Sites, Area Served, Product Type
2.5 Cell Culture Media Market Competitive Situation and Trends
3 Cell Culture Media Retrospective Market Scenario by Region
3.1 Global Cell Culture Media Retrospective Market Scenario in Sales by Region: 2017-2022
3.2 Global Cell Culture Media Retrospective Market Scenario in Revenue by Region: 2017-2022
3.3 North America Cell Culture Media Market Facts & Figures by Country
3.4 Europe Cell Culture Media Market Facts & Figures by Country
3.5 Asia Pacific Cell Culture Media Market Facts & Figures by Region
3.6 Latin America Cell Culture Media Market Facts & Figures by Country
3.7 Middle East and Africa Cell Culture Media Market Facts & Figures by Country
4 Cell Culture Media Historic Market Analysis by Type
4.1 Global Cell Culture Media Sales Market Share by Type (2017-2022)
4.2 Global Cell Culture Media Revenue Market Share by Type (2017-2022)
4.3 Global Cell Culture Media Price by Type (2017-2022)
5 Cell Culture Media Historic Market Analysis by Application
5.1 Global Cell Culture Media Sales Market Share by Application (2017-2022)
5.2 Global Cell Culture Media Revenue Market Share by Application (2017-2022)
5.3 Global Cell Culture Media Price by Application (2017-2022)
6 Key Companies Profiled
7 Cell Culture Media Manufacturing Cost Analysis
7.1 Cell Culture Media Key Raw Materials Analysis
7.1.1 Key Raw Materials 99
7.1.2 Key Suppliers of Amino Acid
7.1.3 Sales Volume Market Share of Key Amino Acid Suppliers
7.1.4 Sales Volume of Key Amino Acid Suppliers
7.2 Proportion of Manufacturing Cost Structure
7.3 Manufacturing Process Analysis of Cell Culture Media
7.4 Cell Culture Media Industrial Chain Analysis
8 Marketing Channel, Distributors and Customers
8.1 Marketing Channel
8.2 Cell Culture Media Distributors List
8.3 Cell Culture Media Customers
9 Cell Culture Media Market Dynamics
9.1 Cell Culture Media Industry Trends
9.2 Cell Culture Media Market Drivers
9.3 Cell Culture Media Market Challenges
9.4 Cell Culture Media Market Restraints
10 Global Market Forecast
10.1 Cell Culture Media Market Estimates and Projections by Type
10.2 Cell Culture Media Market Estimates and Projections by Application
10.3 Cell Culture Media Market Estimates and Projections by Region
11 Research Findings and Conclusion
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