by The global Cell Culture Market is estimated to be valued at US$ 10.89 Bn or Mn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The Cell Culture Market involves products such as consumables, equipment and media which are used for both research and commercial applications in biotechnology and pharmaceutical industries. Cell culture is an important technique that provides an ideal environment for in vitro growth of animal and plant cells apart from microorganisms.
Market Key Trends:
One of the key trends in the cell culture market is the growing adoption of 3D cell culture. 3D cell culture models better mimic in vivo conditions compared to 2D models as cells grow in all directions and interact with their surrounding microenvironment. This allows for better prediction of drug efficacy and toxicity. 3D cell culture is gaining popularity due to advantages such as high biological relevance and reproducibility. Advancements in 3D cell culture technologies and development of organ-on-chip models are expected to drive the adoption of 3D cell culture during the forecast period.
Market Key Trends
The Cell Culture Market has been witnessing significant growth due to the increasing demand for monoclonal antibodies and rising focus on advances in therapeutic applications of stem cells. Moreover, the growing requirement for biologics and rising production of vaccines is also promoting the demand for cell culture techniques. Growing popularity of personalized medicine has also fueled the development of new cell culture technologies.
SWOT Analysis
Strength: Emerging cell culture technologies such as 3D cell culture and microfluidic cell culture methods offer improved environment for cell growth.
Weakness: High costs associated with development and maintenance of cell cultures.
Opportunity: Growing stem cell research and regenerative medicine applications provide considerable opportunities.
Threats: Stringent regulatory landscape and ethical issues related to stem cell research pose challenges.
Key Takeaways
The global cell culture market size was valued at US$ 10.89 Bn in 2023 and is expected to witness high growth, exhibiting a CAGR of 7.2% over the forecast period of 2023 to 2030. The growth is driven by increasing demand for monoclonal antibodies.
Regional Analysis
North America dominated the cell culture market in 2023 due to presence of major players, growing biopharmaceutical industry, and technological advancements in the region. Asia Pacific is poised to be the fastest-growing market during the forecast period owing to increasing government support for cell-based research.
Key Players
Key players operating in the cell culture market are Corning Incorporated, Merck KGaA, Sartorius AG, BioSpherix, Ltd., Cell Culture Company, LLC, Thermo Fisher Scientific Inc., VWR International LLC, and Lonza. Corning Incorporated and Merck KGaA are the market leaders due to their wide product portfolio and strong geographical presence across major markets.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
