Global Cell Culture Consumables And Equipment Market Opportunities And Strategies 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 consumables and equipment market report forecasts the cell culture consumables and equipment market size to grow to $17.98 Billion by 2027, with a CAGR (compound annual growth rate) of more than 10%.
Learn More On The Cell Culture Consumables And Equipment Market Report 2023 – https://www.thebusinessresearchcompany.com/report/cell-culture-consumables-and-equipment-global-market-report
Cell Culture Consumables And Equipment Market Size Forecast
The global cell culture consumables and equipment market is expected to grow from $10.99 billion in 2022 to $12.12 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. 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 consumables and equipment market is expected to grow from $17.98 billion in 2027 at a CAGR of 10.4%.
North America held the largest cell culture consumables and equipment market share.
Key Cell Culture Consumables And Equipment Market Driver – Increase In The Prevalence Of Chronic Diseases
For example, according to the World Health Organization, chronic disease prevalence is expected to rise by 57% by the year 2020.
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Key Cell Culture Consumables And Equipment Market Trend – Investing More In 3D Cell Culture
Companies in cell culture consumables and equipment are investing more in 3D cell culture for its new and advantageous features. 3D cell culture may be defined as the culture of living cells within micro-assembled devices and supports that present a three-dimensional structure and are used to replicate a tissue or an organ in an artificial environment by allowing the cells to interact with the surroundings in all three directions. 3D cell cultures are more relevant with a higher degree of structural complexity and maintain the steady-state for more time as compared to 2D cell cultures. In August 2021, Amerigo Scientific, a US-based manufacturer of biomedical and life sciences products, launched #D cell cultures for research purposes.
Cell Culture Consumables And Equipment Market Segment
1) By Product: Consumables, Instruments
2) By End User: Industrial, Biotechnology, Agriculture, Other End Users
3) By Application: Vaccination, Toxicity testing, Cancer Research, Drug Screening and Development, Recombinant Products, Stem cell technology, Regenerative Medicine, Other End Users
4) By Consumables: Media, Sera, Reagents
5) By Instruments: Cell Culture Vessels, Bioreactors, Biosafety Cabinets, Carbon Dioxide Incubators, Centrifuges
Cell Culture Consumables And Equipment Market Major Players and Strategies
Major players in the cell culture consumables and equipment market are Becton Dickinson, Corning Incorporation, Eppendorf, GE Healthcare, Merck KGaA, Thermo Fisher Scientific, Lonza, HiMedia Laboratories, Agilent Technologies, and PromoCell GmbH.
In July 2021, Sartorius, a Germany-based laboratory instrument manufacturer, acquired Xell AG for an undisclosed amount. The acquisition would expand Sartorius’ current media offering and other cell culture products. Xell AG is a Germany-based cell culture specialist.
The Cell Culture Consumables And Equipment Global Market Report 2023 covers regional data on cell culture consumables and equipment market size, cell culture consumables and equipment market trends and drivers, opportunities, strategies, and cell culture consumables and equipment market competitor analysis. The countries covered in the cell culture consumables and equipment 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 consumables and equipment are designed to aid scientists in growing new cells in the culture media for drug development, tissue culture, engineering, gene therapy, vaccine production, and toxicity testing.
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