Global Cell Culture Market Report 2018-2023 - Market to Reach $26.28 Billion Growing at a CAGR of 11.4% - ResearchAndMarkets.com

DUBLIN--()--The "Cell Culture Market by Consumables (Serum free media, FBS, ABS), Equipment {Bioreactor, Supporting Equipment (Centrifuge, Filtration System)}, Application (Biopharmaceutical, Cancer Research), End Users (Pharma, Research) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global cell culture market is expected to reach USD 26.28 billion by 2023 from USD 15.32 billion in 2018, at a CAGR of 11.4%.

Growth in this market is driven by the growing number of regulatory approvals for cell culture-based vaccines, increasing demand for monoclonal antibodies (mAbs), funding for cell-based research, growing preference for single-use technologies, and the launch of advanced cell culture products.

Based on product, the cell culture market is segmented into equipment and consumables. The consumables segment accounted for the largest market share in 2017 and is expected to register the highest CAGR during the forecast period. The repeated purchase of consumables for various cell culture applications is the major factor supporting the growth of the consumables segment during the forecast period.

Based on end user, the cell culture market is segmented into pharmaceutical and biotechnology companies and research institutes. The pharmaceutical and biotechnology companies segment accounted for the largest market share in 2017 and is projected to register the highest CAGR during the forecast period. The growing use of single-use technologies, increasing number of regulatory approvals for cell culture-based vaccines, and presence of a large number of pharmaceutical players in this market are driving the cell culture market for this end-user segment.

Market Dynamics

Drivers

  • Growing Awareness About the Benefits of Cell Culture-Based Vaccines
  • Increasing Demand for Monoclonal Antibodies
  • Funding for Cell-Based Research
  • Growing Preference for Single-Use Technologies
  • Launch of Advanced Cell Culture Products

Restraints

  • High Cost of Cell Biology Research
  • Lack of Infrastructure for Cell-Based Research in Emerging Economies

Opportunities

  • Growing Demand for 3d Cell Culture
  • Increased Risk of Pandemics and Communicable Diseases
  • Emerging Economies

Challenge

  • Survival of New Entrants

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Cell Culture Market, By Product

7 Cell Culture Market, By Application

8 Cell Culture Market, By End User

9 Cell Culture Market, By Region

10 Competitive Landscape

11 Company Profiles

  • Becton, Dickinson and Company
  • Cellgenix
  • Corning
  • Danaher
  • Eppendorf
  • GE Healthcare (A Subsidiary of General Electric Company)
  • Hi-Media Laboratories
  • Invivogen
  • Irvine Scientific
  • Lonza Group AG
  • Merck KGaA
  • Miltenyi Biotech
  • Promocell
  • Sartorius AG
  • Thermo Fisher Scientific

For more information about this report visit https://www.researchandmarkets.com/research/gvls39/global_cell?w=4

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Related Topics: Biotechnology

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Biotechnology