Overview and Scope
Cell culture refers to the growth of human, plant, or animal cells in a lab, as well as the growth of microorganisms like bacteria and yeast. Cell cultures can be used for research, medication testing, and infection diagnosis. The cells may come from multicellular eukaryotes, established cell strains, established cell lines, or any combination of these.
Sizing and Forecast
The cell culture market size has grown rapidly in recent years. It will grow from $27.66 billion in 2023 to $30.67 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to increasing demand for cell culture products, growing vaccine production, growing demand for 3d cell culture, demand for cell culture consumables.
The cell culture market size is expected to see rapidly grown in the next few years. It will grow to $48.33 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to expansion of cell therapy, precision medicine, globalization of research and production, cell-based assays. Major trends in the forecast period include advances in cell culture technology, bioprocessing technologies, advanced cell imaging, integration of automation, biomanufacturing data management.
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Segmentation & Regional Insights
The cell culture market covered in this report is segmented –
1) By Type: Primary Cell Culture, Secondary Cell Culture, Cell Line
2) By Media: Natural, Artificial
3) By Applications: Stem Cell Technologies, Cancer Research, Biopharmaceutical, Tissue Engineering & Regenerative Medicine, Other Applications
North America was the largest region in the cell culture market in 2023. The Middle East is expected to be the fastest growing region in the global cell culture market share during the forecast period. The regions covered in the cell culture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
The rise in demand for cell therapy is expected to drive the cell culture market growth. In cell therapy, viable cells are injected or implanted into a patient’s body to cure a medicinal disease. Cell culture is a vital step in any cell-based therapy. For instance, in February 2023, according to reports published by Gilead Sciences Inc., a US-based pharmaceutics company, cell therapy product sales surged by 75%, reaching $419 million in the fourth quarter of 2022 compared to the corresponding period in 2021. Cell culture is used in the development, manufacture, and commercialization of cell therapies and holds the potential to revolutionise the healthcare industry for the treatment of various diseases. Hence, a surge in the demand for cell therapy aids in the growth of the cell culture market.
Key Industry Players
Major companies operating in the cell culture consumables and equipment market include Becton Dickinson, Corning Incorporation, Eppendorf, GE Healthcare, Merck KGaA, Thermo Fisher Scientific, Lonza Group, HiMedia Laboratories, Agilent Technologies Inc., PromoCell GmbH, CellGenix GmbH, InvivoGen, Greiner Bio-One, Irvine Scientific, Cell Culture Company (CCC) LLC, Sera Care Life Sciences Incorporation, American Type Culture Collection, Miltenyi Biotec, AITbiotech Pte Ltd., ESSEN, Sigma-Aldrich, Bel-Art, Sumitomo Bakelite, EMD Millipore, VWR International LLC, WHEATON IndustriesInc, Sartorius AG, Nunc Systems, Pall Corporation, PerkinElmer Genomics, Saint-Gobain
The cell culture 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
…..
32. Global Cell Culture Market Competitive Benchmarking
33. Global Cell Culture Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cell Culture Market
35. Cell Culture Market Future Outlook and Potential Analysis
36. Appendix
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