March 11, 2021
According to the recent research report titled ‘Cell Culture Market Share, Size, Trends & Industry Analysis Report By Consumables; By Product; By Application and By Regions: Segment Forecast, 2020 – 2026’, available with Market Study Report, global cell culture market is expected to expand at 11.8% CAGR to garner the valuation of USD 42.9 billion by the year 2026.
Soaring demands for biopharmaceutical developments, antibody generation, and protein production, all of which are heavily reliant on cytological R&D, in which cell culture plays a significant role, is primarily contributing to global cell culture market growth.
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Cell culture is rapidly gaining traction as a tool for diagnosing and treating diseases like Alzheimer's and cancer. Players are planning to increase their cell reservoir and boost their productivity by placing a high priority on the recruitment of qualified experts to achieve a moderate market threshold.
Adoption of cell culture technique in the food and beverage sector in the recent years for the development of high-quality plant actives will also provide impetus to industry size.
The demand for cell culture has grown to the point that traditional manual handling and culture production can no longer serve. This has encouraged the production of automated large-scale cell culture outlines capable of generating a high-purity cell societies in larger quantities.
Automated culture systems have substantially better limit control, improved efficiency, and higher reproducible purity levels. Strict federal policies linked to increasing corporate and government investments in biopharmaceutical production, as well as broad untapped opportunities are also augmenting global cell culture industry market share.
Speaking of consumables, global cell culture industry is split into sera, reagents, and media. Among these, sera segment accounted for over 45% of revenue share in 2019, attributable to growing usage in cell culture composition and hefty cost of the product.
Citing the geographical ambit, in 2018, the United States and Canada held major portion of global cell culture market share, owing to a significant surge of R&D in the field of cytological analysis for proteomics, genomics, as well as medication and vaccination. Escalating demand for biopharmaceuticals is expected to keep the local market growing over the forecast era.
Asia Pacific cell culture industry is expected to see substantial growth through 2026, creditable to advancements and rising manufacturing of vaccines, drugs, and new biologics. In addition, supportive government initiatives, increasing financial investments by industry players, as well as large number of untapped opportunities are also adding to the regional market outlook.
Major firms impacting global cell culture market trends are Lonza Group AG, PromoCell GmbH, VWR International LLC, Thermo Fisher Scientific Inc., Sigma-Aldrich Corporation, Sartorius AG, Merck KGaA, Eppendorf AG, EMD Millipore, BioSpherix Ltd., and Becton, Dickinson & Company (BD)