Cell Culture Market Size, Share, And Growth Rate Analysis 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s cell culture market report forecasts the cell culture market size to grow to $38.18 Billion by 2027, with a CAGR (compound annual growth rate) of more than 11%.
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Cell Culture Market Size Forecast
The global cell culture market is expected to grow from $22.49 billion in 2022 to $24.94 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cell culture market is expected to grow from $38.18 billion in 2027 at a CAGR of 11.2%.
North America held the largest cell culture market share, and Middle East was the fastest-growing region in 2022.
Key Cell Culture Market Driver – Rise In Demand For Cell Therapy
According to the Cancer Research Institute (CRI), there are about 1,483 active cell therapies in development in 2020, compared to 1,011 in 2019. 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.
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Key Cell Culture Market Trend – Developing Products For 3D Cell Culture
The development of products for 3D cell culture by the companies operating in the cell culture market is gaining significant popularity. A 3D cell culture is an artificially created environment in which biological cells are permitted to grow or interact with their surroundings in all three dimensions, similar to how they would in a living organism. For instance, in July 2020, Rigenerand, an Italian company engaged in the production of innovative cell-based technology products for regenerative medicine and oncology, launched a 3D bioreactor called the VITVO handheld bioreactor to offer increased usability, sizing, a closed system, and flexibility for 3D cell culture technologies. Similarly, Jellagen, a UK-based marine biotechnology company, launched JellaGel, a jellyfish collagen hydrogel, suitable for 3D cell culture and tissue engineering.
Cell Culture Market Segment
1) By Type: Primary Cell Culture, Secondary Cell Culture, and Cell Line
2) By Media: Natural, Artificial
3) By Applications: Stem Cell Technologies, Cancer Research, Biopharmaceutical, Tissue Engineering & Regenerative Medicine, Other Applications
Cell Culture Market Major Players and Strategies
Major players in the cell culture market are Thermo Fisher Scientific Inc., Corning, Inc., Becton, Dickinson, and Company, Eppendorf AG, Merck KGAA, Lonza Group AG, Sartorius AG, Promocell GmbH, Danaher, and Sartorius.
The Cell Culture Global Market Report 2023 covers regional data on cell culture market size, cell culture market trends and drivers, opportunities, strategies, and cell culture market competitor analysis. The countries covered in the cell culture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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.
View More Reports Related To The Cell Culture Market –
Cell Culture Consumables And Equipment Global Market Report 2023
3D Cell Culture Technologies Global Market Report 2023
Gene Editing Global Market Report 2023
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