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Discover the cell culture market to grow at 11.4% CAGR to reach the investment US$ 26.28 billion by 2023

Medical Market Research

Study estimates cell culture market size for 2018 and projects its demand till 2023. In the primary research process, various sources from both demand side and supply side were interviewed to obtain qualitative and quantitative information for the report. Primary sources from demand side include research scientists, cell culture specialists, laboratory technicians, and R&D professionals of pharmaceutical and biotechnology companies and academic research institutes.

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The cell culture market is fragmented with the presence of several large as well as emerging players. In 2017, Thermo Fisher Scientific (US), Merck KGaA (Germany), and GE Healthcare (US) were the leading players in the global market.

Other major players include Lonza (Switzerland), Becton, Dickinson and Company (US), Corning Incorporated (US), Eppendorf (Germany), HiMedia Laboratories (India), Sartorius AG (Germany), PromoCell GmbH (Germany), Pall Corporation (acquired by Danaher (US)), Irvine Scientific (US), InvivoGen (US), and CellGenix GmbH (Germany).

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Key Stakeholders

  • Orthodontic product manufacturers, vendors, and distributors
  • Venture capitalists and other government funding organizations
  • Healthcare service providers (including hospitals and dental & orthodontic clinics)
  • Research laboratories
  • Academic institutes
  • Market research and consultancy firms
  • Government and independent regulatory authorities

The global cell culture market is expected to reach USD 26.28 Billion by 2023 from USD 15.32 Billion in 2018, at a CAGR of 11.4%. Growth in this market is driven by the growing number of regulatory approvals for cell culture-based vaccines, increasing demand for monoclonal antibodies (mAbs), funding for cell-based research, growing preference for single-use technologies, and the launch of advanced cell culture products.

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The cell culture market is segmented into equipment and consumables. The consumables segment accounted for the largest market share in 2017 and is expected to register the highest CAGR during the forecast period.

The repeated purchase of consumables for various cell culture applications is the major factor supporting the growth of the consumables segment during the forecast period.

The primary interviews conducted for this report can be categorized as follows:

  • By Company Type: Tier 1 – 36%; Tier 2 -46%; Tier 3 - 18%.
  • By Designation: C-level- 29%; D-level- 43%; Others- 28%.
  • By Region: North America-39%; Europe-29%; Asia-20%; Rest of the World- 12%

North America is expected to account for the largest share of the market followed by Europe. However, Asia is expected to register the highest CAGR during the forecast period.

The high growth in the Asian market is attributed to factors such as favorable regulatory guidelines, lower manufacturing costs, growing presence of market players in emerging economies, and favorable government investments in the life sciences sector.

Connect for More Details for More Information “Cell Culture Market by Consumables (Serum free media, FBS, ABS), Equipment {Bioreactor, Supporting Equipment (Centrifuge, Filtration System)}, Application (Biopharmaceutical, Cancer Research), End Users (Pharma, Research) - Global Forecast to 2023” report at www.rnrmarketresearch.com/contacts…ount?rname=193295 .

 

The report provides an overview of the cell culture market. It aims at estimating the market size and future growth potential of this market across different segments such as product, application, end user, and region.

Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

Premium Insights

1 Cell Culture Market: Overview

2 Europe: Cell Culture Vessels Market, By Type (2017)

3 Cell Culture Sera, Media, and Reagents Market, By Type

4 Global Market, By Application, 2018 vs 2023 (USD Billion)

5 Global Market, By End User, 2018 Vs.2023 (USD Billion)

6 Geographical Snapshot of the Global Market

Report segments global cell culture market into product, application, end user, and region. Based on product, cell culture market is segmented into equipment and consumables.

The consumables segment accounted for largest market share in 2017 and it is expected to register the highest CAGR during the forecast period. Repeated purchase of consumables for various cell culture applications is the major factor supporting the growth of the consumables segment during the forecast period.

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