Selbyville, Delaware, Nov. 05, 2024 (GLOBE NEWSWIRE) --
Cell Culture Media Market size will reach USD 10.2 billion by 2032. The preference for cell culture media is experiencing significant development due to increasing launches of advanced formulations and the rising demand for biopharmaceuticals.
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Companies are actively developing and introducing new media formulations to support the production of biologics and vaccines. These innovations are focusing on enhancing cell growth, productivity, and consistency, meeting the needs of expanding biopharmaceutical applications. Ongoing advancements are also improving the composition and functionality of cell culture media besides incorporating new nutrients and technologies to optimize cell culture conditions.
Specialty media to garner more attention
The specialty media product type segment will undergo a considerable upturn in the cell culture media market from 2024 to 2032, due to the need to meet specific needs in research and production. This media is integrating specialized nutrients and additives to support the growth and function of particular cell types, including stem cells and primary cells.
Ongoing developments are focusing on optimizing these formulations to enhance cell viability, productivity, and consistency across diverse applications. As new research and technologies emerge, specialty media will continue to evolve, incorporating more precise components tailored to the demands of cutting-edge cell-based therapies and biotechnological processes.
Diagnostics to persist as a crucial application segment
The diagnostics application segment will observe a noteworthy upsurge in the cell culture media market by 2032, attributed to the increasing demand for providing optimized environments for growing and analyzing diagnostic cell lines. These media are integrating advanced formulations to support the development of more accurate and reliable diagnostic assays. Ongoing advancements are focusing on improving media composition to better mimic physiological conditions, further increasing the relevance and sensitivity of diagnostic tests. As diagnostic technologies continue to evolve, cell culture media will incorporate more specialized components to meet the specific needs of various diagnostic applications.
Asia Pacific to establish a notable presence
Asia Pacific cell culture media market will register a remarkable market CAGR from 2024 to 2032 due to rising prevalence of chronic diseases. Increasing numbers of individuals with conditions, such as diabetes, cancer, and cardiovascular diseases are driving the demand for advanced cell-based research and therapeutic development.
Companies are actively developing and enhancing cell culture media to support research into new treatments and personalized medicine approaches. This progress is crucial for advancing research and treatment options for chronic diseases, ensuring that cell culture media remain integral to innovative therapeutic strategies in the region.
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Cell Culture Media Market Players
Companies including ACROBiosystems, Corning Incorporation, Danaher Corporation, FUJIFILM Irvine Scientific, Lonza Group, Merck KGaA, Miltenyi Biotech, Nuvonis, Sartorius AG, ScienCell Research Laboratories, and Thermo Fisher Scientific Inc. are working in the market. Increasing investments and expansion by these players will drive revenue sales.
For instance, in August 2022, Thermo Fisher Scientific expanded its cell culture media manufacturing site in Grand Island, New York. This expansion aimed to increase production capacity and support the growing demand for high-quality cell culture media used in research and therapeutics.
Partial Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Market scope & definitions
1.2 Research design
1.2.1 Research approach
1.2.2 Data collection methods
1.3 Base estimates & calculations
1.3.1 Base year calculation
1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
1.5.1 Primary sources
1.5.2 Data mining sources
Chapter 2 Executive Summary
2.1 Industry 360° synopsis
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Rising incidence of chronic diseases
3.2.1.2 Advancement in cell culture media technology
3.2.1.3 Increasing demand for serum and animal component-free media
3.2.1.4 Growing demand for regenerative medicine
3.2.2 Industry pitfalls & challenges
3.2.2.1 High cost of cell biology products
3.2.2.2 Stringent regulatory challenges
3.3 Growth potential analysis
3.4 Emerging technology landscape
3.5 Porter’s analysis
3.6 PESTEL analysis
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