Uploaded on Nov 2, 2021
surge in awareness related to use of cell culture technique in research and increase in research related funding and rise in cancer related research act as the major driving forces of the global cell culture market. Furthermore, expected rise in demand for advanced cell culture technologies notably contribute toward the growth of the market.
Cell Culture Market- Top Impacting Factors That Could Escalate Market Growth
Cell Culture Market Size to Gain Traction
of $36,926.8 Million Worth by 2027
Cell Culture Market by Product (Instrument and Consumables), Application (Stem Cell Technology, Cancer Research, Drug
Screening & Development, Tissue Engineering & Regenerative Medicine and Others), End User (Research Institutes,
Pharmaceutical &x Biotechnology Companies, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027
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Overview
The global cell culture market accounted for $16,107.7
million in 2019, and is expected to reach $36,926.80
million by 2027, registering a CAGR of 10.9% from 2020
to 2027.
Cell culture is a technique, which involves obtaining cells
from animals or plants. These obtained cells are then
subjected to artificial growth medium. Furthermore, the
entire technique involves the use of tools, which are
called as instruments. For instance, some of the
instruments include bioreactors, cell culture vessels, and
others. Moreover, bioreactors are used to carry out
biological reaction, which is used to culture aerobic cells.
Segments
In terms of revenue, the global Cell Culture Market is segmented on
the basis of Product, End User, Application and region.
By Product – Due to COVID-19 pandemic there is rise in demand of
cell culture product. Rise in adoption of cell culture techniques for
the development of vaccines and biopharmaceutical. In addition,
increase in the cases of COVID-19 has raised the need of vaccines
which resulted in many research and development leading to
vaccines are in clinical trial.
By Application – The market is classified into stem cell technology,
cancer research, drug screening & development, tissue engineering
& regenerative medicine and others. The cancer research segment
is anticipated to grow with the highest CAGR throughout the
forecast period.
Geography
North America dominated the Cell Culture Market.
The market growth in North America is primarily a
reflection of product innovations and launches
resulting from technological advancements. The
companies mostly adopted product launch,
acquisition, and expansion as their key strategies to
keep pace with the changing demands of consumers
and strengthen their market position.
Key Market Players
The key players operating in the global Cell Culture Market are
• BECTON, DICKINSON AND COMPANY
• CORNING INCORPORATED
• DANHER CORPORATION
• EPPENDORF AG
• HIMEDIA LABORATORIES
• LONZA GROUP LTD
• MERCK KGAA
• PROMOCELL GmbH
• SARTORIUS AG
• THERMO FISHER SCIENTIFIC, INC
• An in-depth market analysis includes analysis of various
regions, which is anticipated to provide a detailed
understanding of the current trends to enable stakeholders
formulate region-specific plans.
Key Findings of the • A comprehensive analysis of factors that drive and restrain
Cell Culture Market: the growth of the global is provided.
• The projections in this report are made by analyzing the
current trends and future market potential from 2021 to
2030, in terms of value.
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https://www.alliedmarketresearch.com/cell-culture-market
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