Global Cell Culture Market to Surpass US$ 27,565.9 Million by 2027 - Coherent Market Insights

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Mar 24, 2020, 12:36 ET

SEATTLE, March 24, 2020 /PRNewswire/ -- According to Coherent Market Insights, the global cell culture market was estimated to be valued at US$ 15,805.7 million in 2019, and is expected to exhibit a CAGR of 7.2% over the forecast period (2019-2027).

Key Trends and Analysis of the Global Cell Culture Market:

Key trends in market include increasing product launches, increasing adoption of strategies such as acquisitions to strengthen their market position and technological advancements in product development for development of new and efficient product by the key players in the market.

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Increasing product launches is a leading factor that is expected to drive growth of the global cell culture market over the forecast period. For instance, in March 2019, Lonza launched GS piggyBac, a versatile Cell Line engineering technology system capable of inserting large DNA into transcriptionally active and genetically stable areas of the genome associated with highly expressed genes.

Major players are constantly looking for opportunities to expand their product offering and increase their geographical foot print by acquisition, which is also expected to drive growth of the global cell culture market over the forecast period. For instance, in August 2019, FUJIFILM Diosynth Biotechnologies U.S.A. Inc. acquired a large-scale biologics manufacturing site of Biogen located in Denmark. The acquisition is expected to significantly increase Fujifilm's cell culture production capabilities.

Key Market Takeaways:

The global cell culture market is expected to exhibit a CAGR of 7.2% during the forecast period (2019-2027), owing to increasing incidence of product launches, increasing investment in research and development from manufacturers. For instance, in May 2019, Sartorius AG launched new ambr 15 cell culture micro bioreactor system. The new system provides improved clone selection along with enhanced media and feed optimization. The system also supports cell & gene therapy application.
Key players in the market are focused on increasing product portfolio through merger & acquisition activities, which, in turn is expected to propel the market growth over the forecast period. For instance, in October 2018, Thermo Fisher Scientific Inc. world leader in serving science acquired Advanced Bioprocessing business from Becton, Dickinson and Company.

Key players operating in the global Cell Culture market include—

Corning Incorporated, Merck KGaA, Sartorius AG, BioSpherix, Ltd., Cell Culture Company, LLC, Thermo Fisher Scientific Inc., VWR International LLC, and Lonza

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Market Segmentations:

Global Cell Culture Market, By Product Type:

Instrument

Culture Systems

Bags
Plates
T-flasks
Culture Dishes
Roller Bottles

Bioreactors
Incubators
Pipetting Instruments
Roller Bottle Equipment
Biosafety Cabinets
Cryostorage Equipment
Others

Consumables

Media

Chemically Defined
Classical
LB
Protein-free
Serum-free
Specialty

Sera

Fetal Bovine
Others

Reagents

Albumin
Amino acids
Attachment Factors
Growth Factors & Cytokines
Protease Inhibitors
Thrombin
Others (Buffers, Proteins, Viruses, Bacteria, and Specialized Reagents)

Global Cell Culture Market, By Application:

Vaccine Production
Gene Therapy
Cancer Research
Tissue Culture
Drug Development
Others

Global Cell Culture Market, By End User:

Academic & Research Institutions
Pharmaceutical and Biotechnology Companies

Global Cell Culture Market, By Region:

North America

By Country:

U.S.
Canada

Latin America

By Country:

Brazil
Mexico
Argentina
Rest of Latin America

Europe

By Country:

Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe

Asia Pacific

By Country:

China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific

Middle East

By Country:

GCC
Israel
Rest of Middle East

Africa

By Country/Region:

South Africa
Central Africa
North Africa

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