Global Cell Culture Instruments And Consumables Market To Reach USD 21,058 Million By 2022

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The Global Cell Culture Market will grow at a CAGR of 10.7% from 2017 to 2022 to reach USD 21,058 million by 2022, according to the latest publication by Meticulous Research®. The global cell culture market is driven by increase in the life science research, advancement in cell based technology, increasing prevalence of various chronic diseases, rising demand for cell based therapies, and increasing cell based production. However, high cost of cell culture research and high risk of contamination have embraced the growth of cell culture market globally. Further, handling and optimization of protocol for in vitro studies pose a great challenge for the growth of this market.

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The global cell culture market is mainly segmented by product, (consumables and instruments), by application, (vaccination, toxicity testing, cancer research, drug screening and development, recombinant products, stem cell technology, regenerative medicine, and others), and by end user (pharmaceutical & biotechnology industries, academic institutes, and research centers). The cell culture consumables commanded major share in the global market with the media contributing the largest share of this market. The use of cell culture consumables is rapidly increasing due to advancement of high content analysis techniques and increased large biomolecular therapies. The adoption of cell culture consumables is further expected to grow for research or clinical purpose to meet high standard performance, consistency, and safety.

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North America holds the major share in the global cell culture market, followed by Europe and Asia-Pacific. The large share of this region is primarily attributed to increased funding in medical research, drug development regulations which demand cell culture products, growing aging population and thereby prevalence of various chronic diseases, and direct & indirect financial investments in the pharma biotech industries. However, Asia-Pacific region possesses lucrative growth potential for the cell culture market during the forecast period. This is mainly attributed to high population zone, various technological advancements, increasing investments in the healthcare and pharmaceutical sector, increasing investment from government & non-government bodies, and growing pharma-biotech industry in the region.

The leading companies have employed various strategies to expand their product and application offerings, global footprint, and augment their market share. The key strategies followed by most companies in the global cell culture market were collaborations & partnerships, new product developments, acquisitions, and expansions. The key players operating in the global cell culture market are Irvine Scientific, HiMedia Laboratories, Cell Culture Company (CCC) LLC, Merck & Co., Incorporation, GE Healthcare, Agilent Technologies, Thermo Fisher Scientific, PromoCell GmbH, Lonza (Switzerland), Corning Incorporation, Becton Dickinson (BD), CellGenix GmbH (Germany), InvivoGen, Sera Care Life Sciences Incorporation, and American Type Culture Collection (ATCC).

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MeticulousResearch® is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

Contact Us:
Viren Shrivastava
AVP- Global Sales and Marketing
Meticulous Research®
Tel: +1-646-781-8004

Email: viren@meticulousresearch.com


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