The Cell Culture Consumables And Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Cell Culture Consumables And Equipment Global Market Report 2024, The cell culture market size has grown rapidly in recent years. It will grow from $25.14 billion in 2023 to $28.16 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to increasing demand for biopharmaceutical research, growth in regenerative medicine, vaccine development, growing demand for vaccines, rising prevalence of chronic diseases, increasing government funding for research and development.
The cell culture market size is expected to see strong growth in the next few years. It will grow to $40.3 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to infectious disease research, growing demand for biologics, research into rare diseases, rise in personalized medicine, advanced therapies, cell-based assays, demand for stem cell therapies. Major trends in the forecast period include advances in cell culture technology, 3d cell culture, organoid culture, bioprocess automation, single-use bioreactors, cultured meat, drug screening and toxicity testing, artificial intelligence and machine learning, cell culture in space and bioprinting.
An increase in the prevalence of chronic diseases is driving the growth of the cell culture consumables and equipment market. Chronic diseases such as cancer, diabetes, heart diseases, obesity, and hypertension are growing rapidly. A few chronic diseases are caused due to loss or damage of certain types of cells. Such diseases can be cured by replacing the destroyed cells with new ones that are produced by pluripotent stem cells, using cell culture consumables and equipment. So, with the rising incidence of chronic diseases, there is an increased need for such equipment that can produce new cells outside the natural environment, thus driving the growth of this market. For example, in September 2023, according to the World Health Organization, the chronic diseases kill 41 million people each year, equivalent to 74% of all deaths globally.
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The cell culture consumables and equipment market covered in this report is segmented –
1) By Product: Consumables; Instruments
3) By Application: Vaccination; Toxicity testing; Cancer Research; Drug Screening and Development; Recombinant Products; Stem cell technology; Regenerative Medicine; Other End User
2) By End User: Industrial; Biotechnology; Agriculture; Other End Users
Subsegment: Media; Sera; Reagents; Cell Culture Vessels; Bioreactors; Biosafety Cabinets; Carbon Dioxide Incubators; Centrifuge
The cell culture consumables and equipment market report table of contents includes:
1. Executive Summary
2. Cell Culture Market Characteristics
3. Cell Culture Market Trends And Strategies
4. Cell Culture Market – Macro Economic Scenario
5. Global Cell Culture Market Size and Growth
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26. South America Cell Culture Market
27. Brazil Cell Culture Market
28. Middle East Cell Culture Market
29. Africa Cell Culture Market
30. Cell Culture Market Competitive Landscape And Company Profiles
Top Major Players:
- Becton Dickinson and Company
- Corning Inc
- Danaher Corporation
- Eppendorf AG
- HiMedia Laboratories Private Limited
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