The global cell culture media market was valued at US$3.7 bn in 2014 and is estimated to reach US$7.1 bn by 2023 at a CAGR of 7.6% from 2015 to 2023. This report is a complete study of current trends in the market, industry growth drivers, and restraints
The Global Cell Culture Media, sera, and reagents market could testify the dominance of leading players such as EMD Millipore, BD Biosciences, and Thermo Fisher Scientific, according to a publication released by Transparency Market Research (TMR). These players had accounted for a significant cumulative share for cell culture media, sera, and reagents in the latest past.
Their growth has been anticipated to have reached a much-deserving pedestal on the back of revolutionary efforts directed toward the development of critical therapeutics and biomolecules with the help of cell culture techniques. Rising investments in a particular biomanufacturing process type could steer the focus of players on research and manufacturing activities in the near future.
The global cell culture market has been prognosticated by TMR to achieve a revenue of US$11.3 bn by 2022. The cell culture media market could expand at a faster CAGR during the course of the forecast period 2015–2023.
In view of geographical analysis, North America has been forecasted to secure a larger share of US$3.7 bn by the end of 2022.
Angle of Specificity in Treating Ailments Non-responsive to Conventional Treatments Proves Vital
One of the most decisive growth factors that has been envisaged for the world cell culture media, sera, and reagents market is the perspective of treating diseases that no longer show response to traditional treatments. The blurring difference between biotechnology and pharmaceutical firms could promote the existence of biotech firms that manufacture specialized treatments via the personalization of medicines by concentrating on stem cell research.
Several players have been foreseen to economically benefit from the rising trend of contract manufacturing.
The growth in the world cell culture media, sera, and reagents market could be bolstered by the lack of competition from biosimilars or generic drugs. This has been predicted to be on account of the incapability of generic drug manufacturers in controlled environmental conditions for recreating unique processing of living organisms.
Additionally, the authors of the publication have identified more factors deemed responsible for the growth of the market.
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Precision-driven Cell Culture Processes to Discourage Demand in Foreseeable Future
On the negative side, the international cell culture media, sera, and reagents market could encounter a few hindrances in its demand growth, such as precision-driven cell culture procedures. Working on all parameters including aeration, humidity, nutrients, and temperature could be seemingly difficult.
Furthermore, there could be a challenge to adhere to such clauses. In addition to that, alternative technologies for biomanufacturing processes in place of in vitro tissue and cell culture have been prophesied to hamper the demand for cell culture media, sera, and reagents.
However, the growth of the international cell culture media, sera, and reagents market could be spurred with the elevating demand for artificial organs engaged in replacement surgeries for restoring impaired parts and that are biologically engineered. Development of 3D cell culture technology and high product differentiation have been envisioned to be preferable strategies adopted by key players to gain a strong foothold in the market.
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