Global cell and tissue culture supplies market report published by Accurize Market Research forecast that the global market is expected to reach $36.7 billion by 2024; growing at a CAGR of 9.2% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Rising prevalence of chronic diseases, growing investments in R&D for cell-based research and tissue engineering and increasing demand for serum and vaccines across the globe to drive the growth of the market
Rising prevalence of chronic diseases, growing investments in R&D for cell-based research and tissue engineering and increasing demand for serum and vaccinesfuels the demand for the global cell and tissue culture supplies market. Moreover, rising demand for artificial organs and increasing applications of cell and tissue culture also boost the growth of the market.
Market Segmentation
The global cell and tissue culture supplies market has been bifurcated on the basis of type, application, and geography. The type segment is bifurcated into consumable products (media (serum free media, classical media, specialty media, lysogeny broth, chemically defined media, and protein free media), reagent (protease inhibitors, growth factors & cytokines, thrombin, albumin, amino acids, and others), sera (fetal bovine serum and others), contamination detection kits, cryoprotective agents) and instruments (culture systems (tissue culture flasks, multiple well plates, roller bottles, bioreactors, culture bags and culture dishes), incubators, biosafety cabinets, cryostorage equipment, roller bottle equipment, pipetting instruments and others). Furthermore, applications are categorized into vaccine production, biopharmaceutical production, toxicity testing, gene therapy, drug screening & development, cancer research and others.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada, Mexico are covered under North America wherein Europe covers UK, Germany, France Italy, and others. Asia-Pacific covers China, Japan, India, South Korea, and others. RoW covers South America, Middle East, and Africa.
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“Instruments accounted for the largest market share in the type segment", says Accurize
By type segment, instruments accounted for the largest market share in 2017, while, consumable products are anticipated to attain fastest CAGR during the forecast period 2017 - 2025. Moreover, biopharmaceutical dominated the applications segment by largest market share, followed by vaccine production in 2017. In terms of growth, vaccine production is expected to dominate in the forecast period.
“North America dominated the global market with the highest market share over the forecast period", says Accurize
In 2017, North America held the major portion in the total global market share with 49.4%, followed by Europe with 25.9%. Whereas, Asia-pacific is anticipated to dominate with fastest CAGR during the forecast period 2017 to 2025, due to, rising need for automated cell culture process, increasing demand for drug discovery and increasing number of people suffer from chronic diseases.
Top players in the market
The key market players include Wheaton Industries, Inc., VWR International, Corning, Inc., Thermo Fisher Scientific, Inc., STEMCELL Technologies Inc., Merck KGaA, Lonza Group AG, Promocell GmbH, Eppendorf AG, and GE Healthcare, among others.
In the fields of regenerative medication, cell treatment, and biotechnology, cell and tissue culture supplies are generally utilized.
Jars, biosafety cupboards, cryostorage gear, hatcheries, pipetting gadgets, plates, culture packs, and different instruments are utilized to develop cells and tissues.
The interest for cell and tissue culture supplies is quickly expanding as the pervasiveness of persistent sicknesses like malignant growth, diabetes, and cardiovascular infection rises.
Ongoing illnesses are the significant reasons for death and handicap around the world, as per the World Health Organization (WHO).Cell and tissue culture supplies are utilized to foster microbial provinces under different conditions just as to expand ordinary human or creature cells on a magnifying lens slide.
During the time spent logical review, cell culture supplies assume a fundamental part.
Cell culture is the most common way of developing cells in a particular arrangement prior to utilizing them for testing and study.
Market Overview:Global Cell and Tissue Culture Supplies Market held USD 19 billion in 2020 and is to grow with a CAGR of 11.5% from 2020-2030.
Cell tissue culture needs an appropriate cell or tissue that is developed in an appropriate medium under aseptic conditions, along with numerous regulators, to sustain cell production.
In addition, increasing demand and adoption for artificial organs and rising cell and tissue culture applications are also expected to help global business growth and expansion.
Factors such as strict licensing and accreditation procedures, and complexity in cell culture techniques, however, restrict the global cell and tissue culture supply market.
Geographical breakdown and analysis of each of the aforementioned segments in the cell and tissue culture supplies market includes regions comprising North America, Europe, Asia-Pacific, and RoW.Geographic Analysis:North America is expected to dominate the global cell and tissue culture supplies market trends include growing government focus and development in medical infrastructure.
Cell and tissue culture supplies industry size in Europe is expected to see rapid growth during the forecast period due to a high focus on pharmaceutical and biotechnology companies and cell culture researchers in the region.
TheBusinessResearchCompany published its Cell Culture Consumables And Equipment Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global cell culture consumables and equipment market.
The report covers the cell culture consumables and equipment market’s segments- consumables, instruments, industrial, biotechnology, agriculture, vaccination, toxicity testing, cancer research, drug screening and development, recombinant products, stem cell technology, regenerative medicine, media, sera, reagents, cell culture vessels, bioreactors, biosafety cabinets, carbon dioxide incubators, and centrifuges.Explore Complete Report https://www.thebusinessresearchcompany.com/report/cell-culture-consumables-and-equipment-global-market-reportCell Culture Consumables And Equipment Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 50+ geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Request to get the sample of this report https://www.thebusinessresearchcompany.com/sample.aspx?id=2463=smpCompanies in cell culture consumables and equipment are investing more in 3D cell cultures for their new and advantageous features.
A 3D cell culture may be defined as a 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.Get Discount On This Report https://www.thebusinessresearchcompany.com/sample.aspx?id=2463=discountChapters from Table of Content:Chapter 1.
