Cell culture, as we know, is the process of removing cells from the parented tissues and then grown under controlled conditions, usually in an artificial but favorable environment. It has become one of the major techniques used in life sciences these days for studying the behavior and development of the cell. Moreover, increased funding for cell-based research and advancements in technology has led to more developments in this sector, thus fostering the growth of the overall market for cell culture, globally.
What the Market Looks Like?
The value of the worldwide cell culture market which was estimated to be USD 11,310.9 Million in 2015 is expected to reach USD 18,630.7 Million by the end of 2020, growing at a CAGR of 10.5% during the forecast period 2015-2020. Among regions, North America held the largest market share in 2015, followed by Europe. However, the market in Asia-Pacific is expected to grow at the highest CAGR between 2015 and 2020, owing to the favorable regulations and guidelines, increased government support for cell culture-based vaccine production, lower manufacturing cost, and increased focus and interest of the market players in the emerging Asian economies.
Based on products, the consumable segment took up the largest market share in 2015, and is also expected to grow with the highest CAGR over the forecast period, thanks to the repeated purchase of consumables as compared to instruments. Among applications, the biopharmaceutical/therapeutics segment is expected to advance with the highest CAGR, mainly due to the growing benefits of cell culture-based vaccines and increased regulatory approvals. Among end-users, the market for pharmaceutical and biotechnology companies is slated to grow at the highest CAGR over the projected period.
Ask For PDF Brochure@ http://www.marketsandmarkets.com/pdfdownload.asp?id=559
What Drives the Market?
The global market for cell culture is growing at a significant rate, mainly due to the following reasons:
- Rising cases of chronic diseases
- Growth in the number of regulatory approvals for cell culture-based vaccines
- Increased funding for cell-based research
- Technological advancements in cell culture products
- Growing preference for single-use technologies
Request Sample Pages@ http://www.marketsandmarkets.com/requestsample.asp?id=559
In addition, growing popularity and use of 3D cell culture and increased risk of pandemics and communicable diseases is likely to further push the global market towards growth. The growing market in emerging economies is also slated to offer ample growth opportunities over the coming years. However, high costs of cell biology research and lack of proper infrastructure for cell-based research in developing nations are factors that may hinder the market growth. Moreover, survival of the new entrants in this market is a key challenge faced by the players in this market.
Market Key Player's
The cell culture market is highly competitive, encompassing a range of major as well as emerging players. Key market players Thermo Fisher Scientific, Inc. (U.S.), GE Healthcare (U.K.), Merck KGaA (Germany), Sartorius AG (Germany), Eppendorf AG (Germany), Lonza AG (Switzerland), Corning, Inc. (U.S.), Becton, Dickinson and Company (U.S.), Promocell GmbH (Germany), and Hi-Media Laboratories (India).
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India