Key Players: Merck KGaA, GE Healthcare, Lonza Group AG, Becton
The cell culture market is projected to reach USD 18,630.7 million by 2020 from USD 11,310.9 million in 2015, at a CAGR of 10.5%. Cell culture market market is categorized on the basis of products, applications, end users, and regions.
The cell culture market in Asia is expected to witness the highest growth rate from 2015-2020. Emerging economies such as China and India preferred destinations for major pharmaceutical giants as the cost of production is significantly lower compared to developed nations.
Moreover, regulatory norms in these countries are less stringent and the cost of labor is less. This in turn reduces the cost of production of biologics.
Owing to these benefits, various pharmaceutical giants are actively investing in these markets to develop biopharmaceutical drugs. For instance, in June 2013, Boehringer Ingelheim (Germany) invested €35 million (USD 46.4 million) to establish a cGMP biopharmaceutical manufacturing facility in China.
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Major factors contributing to the growth of the global cell culture market include the increasing incidence of chronic diseases, growth in number of regulatory approvals for cell culture-based vaccines, growing demand for mAbs, funding for cell-based research, rising adoption of single-use technologies, and technological advancements in cell culture products.
Based on products, the cell culture market is segmented into instruments and consumables. The consumables segment is expected to account for the largest share in 2015.
This segment is also slated to witness the highest CAGR during the forecast period owing to the repeated purchase of consumables compared to instruments.
Based on applications, the cell culture market is segmented into biopharmaceutical/therapeutics, stem cell technologies, drug screening & development, tissue engineering & regenerative medicine, cancer research, and other applications. The biopharmaceutical/therapeutics segment is expected to grow at the highest CAGR during the forecast period.
“Cell Culture Market” spread across 264 pages, profiling 11 companies and supported with 232 tables and 57 figures is now available at www.rnrmarketresearch.com/contacts…unt?rname=193295
*Top Key players in Cell Culture market include Thermo Fisher Scientific, Inc. (U.S.), Merck KGaA (Germany), GE Healthcare (U.K.), Lonza Group AG (Switzerland), Becton, Dickinson and Company (U.S.), Corning, Inc. (U.S.), Eppendorf AG (Germany), Hi-Media Laboratories (India), Sartorius AG (Germany), and Promocell GmbH (Germany).
End of depth Key Point from Table of Content
Cell Culture Market, By Application
Recombinant Therapeutic Proteins
Stem Cell Technologies
Drug Screening & Development
Tissue Engineering & Regenerative Medicine
Cell Culture Market, By End User
Pharmaceutical and Biotechnology Companies
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