Cell Culture Market – The Future is Cellular: Unlocking the Potential of Cell Culture Technology
The global cell culture market was worth USD 22.22 billion in 2022 and is estimated to grow to USD 55.30 billion by 2030
PUNE, MAHARASHTRA, INDIA, January 4, 2024 /EINPresswire.com/ — Cell Culture Market Perspective
The global cell culture market was worth USD 22.22 billion in 2022 and is estimated to grow to USD 55.30 billion by 2030, with a compound annual growth rate (CAGR) of approximately 12.07% over the forecast period. The report analyzes the cell culture market’s drivers, restraints, and challenges and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the cell culture market.
Cell Culture Market: Recent Developments
• June 2023: Evonik introduced the cQrex cell culture component portfolio to improve efficiency and productivity in bioprocesses for manufacturing monoclonal antibodies, vaccines, viral vectors, and therapeutic cells.
• February 2022: The Cell Performance CompanyTM, Nucleus Biologics, is pleased to announce the release of KrakatoaTM, a cutting-edge, first-to-market media maker that will enable researchers to produce cell culture medium at the point of use.
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Cell Culture Market’s Top Driver
A rise in the demand for cell culture-related goods and services to promote Cell Culture to drive market growth
The cell culture market is expanding as a result of the rising demand for products and services related to cell culture. The process of cell culture is used to develop cells outside of an organism in a controlled environment. There are many different uses for it, such as gene therapies, vaccines, monoclonal antibodies, and other biopharmaceutical products that are all produced using cell culture. Cell culture is also used to investigate the safety and effectiveness of novel medications and treatments. The impact of toxins and other substances on cells is also studied via cell culture.
In addition, for regenerative medicine treatments like stem cell therapy, cell culture is also utilized to generate the cells that will be employed in those treatments.
Cell Culture Market: Restraints
High costs and complexity hinder market growth.
A major obstacle to the expansion of the cell culture sector is the high cost and complexity of the methods involved. This is especially true for cutting-edge technologies like 3D cell culture, which call for specialized tools and knowledge. Several variables, such as the type of cells being cultivated, the size of the operation, and the particular needs of the application, might affect the cost of cell culture.
Cell Culture Market Top Players: Thermo Fisher Scientific, Danaher Corporation, Sartorius AG, Merck KGaA, Corning Incorporated, Becton, Dickinson and Company, Lonza Group, Eppendorf SE, Bio-Techne Corporation, PromoCell GmbH, and Agilent Technologies Inc.
Cell Culture Market: Segmentation
The global cell culture market has been segmented into products and applications.
Based products, consumables, and equipment are segments of the global cell culture market. The consumables segment dominated the market in 2022 because of consistent demand and to improve the business and depart segment’s expansion is a surge in R&D spending by biotechnology and biopharmaceutical companies to create advanced biologics, including monoclonal antibodies and vaccines. During the projection period, it is anticipated that demand for consumables will remain high. Reagents, media, and sera are further divisions of the consumables market.
Based on application, the market is classified into biopharmaceuticals, drug development, gene therapy, tissue culture and engineering, vaccine production, and others. In 2022, the biopharmaceuticals category dominated the global market. Because of the usage of mammalian cell lines, such as the Chinese hamster ovary, in the manufacturing of biopharmaceuticals and the increasing demand for alternative therapies, biopharmaceutical uses of cell culture techniques are expected to grow. Furthermore, recent advancements in grafting processes and new options in personalized therapy have expanded the biopharmaceutical domain’s potential.
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