DUBLIN–(BUSINESS WIRE)–The “Culture Media Market by Type, Application, Research Type, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to ResearchAndMarkets.com’s offering.
The global culture media market was valued at $5,492.90 million in 2020, and is projected to reach $13,487.84 million by 2030, registering a CAGR of 9.5% from 2021 to 2030.
Culture media plays a role of growth factor in the cultivation of cell lines. They provide ample environment for the regeneration and growth of cells such as stem cells, and other cell lines. In order to fulfill the requirements of various cell types, different culture media are available which can be solid, liquid, semi-solid depending on the requirement of cell lines. Culture media is also capable of producing monoclonal antibodies which are recently in high demand due to the pandemic situation. Culture media provide the environment suitable for the proliferation of cell lines which makes it compatible for its growth.
An increase in funding in the research and development field and need for new drug discovery is contributing to the growth of the culture media market. Moreover, other factors that fuel the market are the surge in the geriatric population which gives rise in cardiovascular and cancer diseases which create demand in research areas of pharmaceuticals, oncology and stem cell research. Ongoing pandemic situation and rise in prevalence of infectious diseases offers potential growth in the culture media market.
Key Benefits
- The study presents an in-depth analysis of the culture media market along with the current trends and future estimations from 2021 to 2030 to elucidate the imminent investment pockets.
- A comprehensive analysis of the factors that drive and restrict market growth is provided.
- Identification of factors instrumental in changing the market scenario, rise in opportunities, and recognition of the key players that can influence this market on a global & regional scale are provided in the report.
- Key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the market.
- The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.
Market Dynamics
Drivers
- Rise in R&D investments
- Increase in advancements associated with cell culture media
- High demand for cell culture media
Restraints
- Dearth of skilled professionals
- Ethical & scientific concerns associated with culture media
Opportunity
- Untapped potential of the emerging economies
Key Market Segments
By Type
- Lysogeny Broth
- Chemically Defined Media
- Classical Media
- Serum-free Media
- Specialty Media
- Stem Cell Media
- Custom Media Formulation
- Others
By Application
- Cancer Research
- Biopharmaceuticals
- Regenerative Medicine & Tissue Engineering
- Stem Cell Technologies
- Drug Discovery
- Others
By Research Type
- Cytogenetics
- Cell Therapy
- Others
By End User
- Biotechnology & Pharmaceutical Industry
- Academic Institute
- Research Laboratory
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Players Profiled
- Avantor Performance Materials, LLC
- Becton, Dickinson and Company
- Bio-Rad Laboratories
- Corning Incorporated
- Fujifilm Holdings Corporation (Fujifilm)
- GE Healthcare
- HiMedia Laboratories Pvt.Ltd (HiMedia)
- Lonza Group Ltd. (Lonza)
- Merck & Co., Inc. (Merck)
- Thermo Fisher Scientific Inc.
For more information about this report visit https://www.researchandmarkets.com/r/xl2uv9
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