Cell Culture Market by product (Equipment that includes bioreactors, cell culture vessels & cell culture storage equipment and Consumables such as Sera, Media and Reagents and Bioreactor Accessories), by Application (Biopharmaceutical, Cancer Research, Stem Cell Technologies, Drug Screening and Development, Tissue Engineering & Regenerative Medicine and Other Applications), by End User (Pharmaceutical & Biotechnology Companies and Research Institutes), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
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The Global Cell Culture Market was worth USD 12.49 billion in 2016 and estimated to be growing at a CAGR of 10.5%, to reach USD 20.58 billion by 2021.
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The growth of biopharmaceuticals has brought about an unprecedented increase in the demand for cell culture products. Techniques used for cell culture are almost half a decade old albeit only applied in production or half that time.
It emerged in the 80s with the utilization of recombinant DNA technology and has hence developed to be the major underpinning of the biopharmaceutical market.
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Bacteria and yeast are the preferred candidates for cell culture due to the ease of growing them. Various types of cells can be made to express a single protein, but one that is produced by a bacterium will be different from one produced by an animal cell.
The choice of the right cell for culture is important because it may result in a protein that is more suiting for our needs. The selection of the right cell also helps in eliminating extra steps from the manufacturing process.
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The major factors affecting the Cell Culture market include the increased investment in healthcare, R&D and other conferences and workshops. Additionally, smaller companies entering the market due to the introduction of customized cell culture products has further driven the market.
Agreements and partnerships between the key players in the industry for faster developmental strategies also serves as another boost to the market. On the other hand, the market remains hindered by factors such as the high cost of research biology as well as the high costs of equipment used for cell culture.
Another restraint for the market is the lack of infrastructure for cell based-research.
The Global Cell Culture market is broadly classified into Bioreactors, Cell Culture Vessels, Cell Culture Storage Equipment and Cell Culture Supporting Equipment based on product, by Consumables into Sera, Media and Reagents and Bioreactor Accessories, based on Application into Biopharmaceutical, Cancer Research, Stem Cell Technologies, Drug Screening and Development, Tissue Engineering & Regenerative Medicine and Other Applications and on the basis of End User into Pharmaceutical & Biotechnology Companies and Research Institutes. Based on geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.
The Cell Culture Market is dominated by North America in 2016 with the region accounting for 38% of the overall market share. North America was followed next in line by Europe and Asia-Pacific.
Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. Another promising region for the market is Latin America, which is expected to show high growth rates in coming years.
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Cell Culture Market Segmentation:
- Cell Culture
- Cell Culture Storage Equipment
- Cell Culture Supporting Equipment
- Sera, Media & Reagents
- Bioreactor Accessories
- Y-o-Y Growth Analysis, By Product
- Market Attractiveness Analysis, By Product
- Market Share Analysis, By Product
- Vaccine Production
- Recombinant Therapeutic Proteins
- Cancer Research
- Stem Cell Technologies
- Drug Screening and Development
- Tissue Engineering & Regenerative Medicine
- Other Applications
- Y-o-Y Growth Analysis, By Application
- Market Attractiveness Analysis, By Application
- Market Share Analysis, By Application
- Pharmaceutical and Biotechnology Companies
- Research Institutes
- Y-o-Y Growth Analysis, By End User
- Market Attractiveness Analysis, By End User
- Market Share Analysis, By End User
The scope of the report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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