Allied Market Research recently published a report, titled, "Cell Culture Market by Product (Instrument and Consumables), Application (Stem Cell Technology, Cancer Research, Drug Screening & Development, Tissue Engineering & Regenerative Medicine and Others), End User (Research Institutes, Pharmaceutical & Biotechnology Companies, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027". As per the report, the global cell culture industry generated $16.10 billion in 2019, and is anticipated to reach $36.92 billion by 2027, growing at a CAGR of 10.9% from 2020 to 2027.
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Cell culture is a process that involves obtaining cells from animals or plants. The obtained cells are placed in a growth medium. Also, the whole process involves the use of tools, which are called tools. For example, some of the applications include bioreactors, cell culture vessels and others. In addition, bioreactors are used for biological reactions, in which air cells are grown.
Covid-19 scenario:
The Covid-19 outbreak has increased the demand for cell culture products to understand the disease and develop therapeutic interventions.
Moreover, cell culture offers an opportunity to understand lung disease mechanisms at a cellular level and target pathogenic processes. This has increased the demand for cell culture products.
Major Key market players -
Becton,
Dickinson and Company,
Corning Incorporated,
Eppendorf,
Sartorius AG,
Merck KGaA,
Lonza Group AG,
PromoCell GmbH,
Danaher Corporation,
Thermo Fisher Scientific, and
HiMedia Laboratories.
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The tissue engineering & regenerative medicine segment dominated the market
By application, the tissue engineering & regenerative medicine segment held the largest share in 2019, contributing to nearly two-fifths of the global cell culture market, due to advancement in technologies to develop and culture tissue from cells and increasing advances in biotechnology and its implementation in the biopharmaceutical sector. However, the cancer research segment is expected to manifest the highest CAGR of 13.2% during the forecast period, as cell culture could help in elimination of poor drug candidates and identification of physiologically relevant targets.
North America held the lion's share
By region, the North American market had the largest share in 2019, accounting for more than two-fifths of the market, due to the ease of cell culture applications and consumption and the presence of many major players and manufacturers. cancer. to do research. However, the global stem cell culture market in Asia Pacific is estimated to register the highest CAGR of 12.8% during the forecast period, owing to the increase in awareness related to the use of traditional methods. cellular, the development of the R&D department and increased research funding.
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