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A cell culture media or growth media is a solid, liquid, or semisolid media that is made up of various contents and nutrients to stimulate the growth, propagation, maintenance, and storage of microorganisms, plant cells, mammalian cells, and other cell lines. A variety of media are available in the market for the growth and maintenance of various types of cells. Rising demand, for cell culture technology and cell biology research, is expected to drive the market growth.
An upsurge in investments and funding for R&D and revolution in life science industries, especially in biopharmaceutical products and the expansion of the biotechnology sector significantly contribute toward the growth of the culture media market. Also, escalation in the incidences and prevalence of cancer have increased the focus towards biosimilar, biologics as well as the recombinant protein products. According to the International Agency for Research on Cancer 2018, cancer burden rises to 18.1 million new cases and 9.6 million cancer deaths in 2018. Moreover, growing attention to stem cells and its progressive applications in biotechnology research are also expected to fuel the growth of the market. Furthermore, the worldwide growth in biotechnology and pharmaceutical industrial activities worldwide and increasing spending in clinical research is also expected to drive the market during the forecast period.
However, ethical issues concerning the use of animal-derived products in culture media and lack of skilled professionals are projected to restrict the growth of the market.
Key Market Driver -
expansion of the biosimilars and zoonotic diseases.
Key Market Restraint -
Stringent regulatory guidelines and high cost of drug approval.
The global culture media market can be segmented on the basis of the type, physical state, applications, end-users, and region. Based on the type, the market can be segmented into animal cell culture media, plant cell culture media, bacterial cell culture media, and others. Based on the physical state of the media, the market can be segmented into liquid and semisolid & solid culture media. Based on the applications, the market can be segmented into cancer research, biopharmaceuticals, stem cell technologies, bacteriology, and others. Based on the end-user, the market can be segmented into biotechnology & pharmaceutical industries, academic and government research organizations and others.
Geographically, the culture media market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The major companies in the global cell culture media report include Thermo Fisher Scientific Corporation, Merck KGaA, CellGenix GmbH, GENERAL ELECTRIC COMPANY, BD, Corning Incorporated, FUJIFILM Holdings Corporation, Lonza and other prominent players.
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Geographically, the global culture media market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Geographically, North America is expected to hold the largest share of the market, and it is also anticipated to continue this trend in the forecast period. Increased government initiatives for research, the invention of new technologies and advancements in cell culture applications, clinical studies on cancer, the presence of the world-class biotechnology & research institutes in the region are likely to propel the growth of the market in North America. Europe is projected to hold the second-largest share of the market. The growth of the market in this region can be attributed to the enormous investments and research activities in the biotechnology sectors, as well as the increasing trend in the adoption of new technologies. However, the Asia Pacific region is likely to hold the significant potential for the growth of the cell culture media market due to the increase in technological advances in the biotechnology and pharmaceutical sector, development of vaccines, and rising initiatives for in-vitro cultivations. Moreover, the emerging economies like China and India are expected to boost the growth of the market due to the growing capital and purchasing power of the countries in the Asia Pacific region. Latin America and the Middle East & Africa are increasing steadily in the market.
By Physical State
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