Amsterdam, NL - July 20, 2020 -
Cell culture is the process by which cells are grown under controlled conditions. The cells here are developed under manually optimised conditions that enable its growth, outside of natural environmental conditions. Cells of interest are separated from living tissues after which it is contained in a suitable vessel with a substrate that regulates physio-chemical properties and provides nutrients for its growth. Most cells require a mono-layer culture or an artificial culture while others can be grown in a free-floating medium. The development of novel 3D cell culture techniques and their application in the biopharmaceutical market, as well as vaccine production, propels this market.
Growing awareness about the cell culture-based vaccines and rising demand for monoclonal antibodies is one of the factors that drive this market. Moreover, the growing preference for single use-bioreactors and the increased funding in the field of cell culture further augment the market positively. Although, lack of infrastructure for cell base research in developing economies in addition to the high cost incurred while performing research in this sector is expected to stunt the market growth.
The report titled, "Global Cell Culture - Market and Technology Forecast to 2028
" has been segmented as Application, Product, and Region. Segmentation based on product is further sub-segmented as Consumables and Equipment. The consumables segment is divided into media, sera, and reagents. The regional segmentation of the global market for Cell Culture is given as North America, Europe, Asia Pacific, Middle East, RoW. The applications segment is classified as Stem Cell, Vaccine and Therapeutic Protein.
The global market for cell culture is accounted for USD 18 Billion in 2020 and is projected to reach a value of approximately USD 48 Billion in 2028. The market is expected to grow with a CAGR of approximately 13%. Based on consumables, the cell culture media market dominates this segment. The cell culture market is majorly driven by vertical integration therefore, the growth of the biopharmaceutical industry, vaccine production, toxicology, etc in turn signifies the increasing demand for alternative media. Within consumables- the sera, media, and reagents segment dominate the consumables market for cell culture. This is because they are used in cell culture experiments to yield results with high efficiency.
Cell culture systems are an increasingly popular technology owing to the development of automated robotic liquid handling systems that is expected to enhance culture capacity and help maintain high levels of purity.
North America is expected to account to the highest market share, this is due to the introduction and progress of automated cell culture techniques and the increasing usage of stem cell therapy in the region. The growing regulatory approvals for cell culture-based vaccines coupled with increased funding for R&D has been propelling the NA market. Followed by NA, the EU is the second-largest market sector globally for cell culture while APAC is the fastest-growing segment owing to an increase in contract manufacturing and outsourcing cell culture.
The study period of the report titled, "Global Cell Culture - Market and Technology Forecast to 2028"
is from 2018-2028 while the forecast period is from 2020-2028. The CAGR of this market is expected to be 13%.
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