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The cell culture consumables market size is forecast to increase by USD 48.27 billion at a CAGR of 31.31% between 2023 and 2028.
The cell culture consumables industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market experienced significant growth in 2023, primarily driven by the biopharmaceutical sector. This sector's dominance can be attributed to the continuous demand for media, sera, and reagents in cell culture applications, including vaccine production for chronic diseases such as polio, rubella, chickenpox, mumps, and measles. The increasing incidence of these diseases and the subsequent need for novel therapeutics have propelled manufacturers to invest in cell culture methods for drug discovery and development. Furthermore, the biotechnology industry's focus on biological products, particularly in areas like cancer, cardiovascular ailments, autoimmune disorders, and neurological disorders, has contributed to the market's expansion. Microcarrier-based technologies have emerged as a popular choice for large-scale production, catering to the requirements of customers In the pharmaceutical and biopharmaceutical sectors.
Regulatory requirements and healthcare markets' increasing expenditure on drug research activities further fuel the market's growth. The integration of technology, such as artificial intelligence and data analytics, in cell culture processes enhances efficiency and productivity. The market is poised for continued growth, driven by the increasing demand for medical drugs and healthcare products.
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The Biopharmaceutical production segment was valued at USD 3.55 billion in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The North American market for cell culture consumables holds the largest share In the global industry, driven by advancements in biotechnology and pharmaceuticals. This region's dominance is due to the increasing focus on novel therapeutics for chronic diseases, such as cancer and cardiovascular ailments. Key players like Danaher, Thermo Fisher, General Electric, and Corning, based in North America, are investing heavily in research and development and establishing advanced cell culture processing units. For instance, Thermo Fisher Scientific introduced the first room-temperature stable cell culture media in October 2019. The healthcare sector's growing expenditure and the presence of regulatory requirements In the region further fuel market growth.
The biopharmaceutical sector's drug research activities, including vaccine development for diseases like polio, hepatitis, rotavirus, and chickenpox, also contribute to the market's expansion. Additionally, the integration of artificial intelligence and big data analytics in cell culture technology enhances productivity and efficiency. The market's growth is further supported by the increasing demand for biosimilars and medical devices, as well as the rising healthcare expenditure and internet penetration rate.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rise in production of cell culture-based viral vaccines is the key driver of the market.
Increased application of single-use technologies is the upcoming market trend.
What challenges does the Cell Culture Consumables Industry face during its growth?
High risk of cell culture contamination is a key challenge affecting the industry growth.
Exclusive Customer Landscape
The cell culture consumables market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the cell culture consumables market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, cell culture consumables market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
Agilent Technologies Inc. - The market encompasses essential products for maintaining and growing cells in laboratory conditions. These items include media, serum, filters, and containers. Market growth is driven by the expanding biotechnology industry and increasing research in areas such as stem cells and gene therapy. Advancements in cell culture technology have led to the development of innovative consumables, improving efficiency and reducing contamination risks. As research continues to advance, the demand for high-quality cell culture consumables will persist, ensuring ongoing market expansion.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market plays a crucial role In the biopharmaceutical sector, particularly In the production of novel therapeutics for chronic diseases. Biotechnology industry advancements have led to the development of biological products for various applications, including cancer, cardiovascular ailments, autoimmune disorders, and neurological disorders. These therapies have revolutionized drug research activities and have significant potential in transforming healthcare markets. Cell culture media, an essential component of cell culture technology, plays a pivotal role In the growth and maintenance of cells for research and therapeutic applications. Microcarrier-based technologies have gained popularity due to their ability to enhance cell density and productivity, making them a preferred choice for large-scale production.
The biopharmaceutical sectors' regulatory requirements are stringent, ensuring the safety and efficacy of cell culture-derived products. Compliance with these regulations necessitates the use of high-quality cell culture consumables. The healthcare markets for these cell culture-derived products are expanding, driven by the increasing prevalence of chronic diseases and the growing demand for personalized medicine. The use of cell culture technology in vaccine production, including for rotavirus, polio, hepatitis, and chickenpox, has significantly contributed to the market's growth. Biosimilars, which are less expensive alternatives to branded biologics, are gaining traction In the market due to their cost-effectiveness and regulatory approval.
The emergence of biosimilars has led to increased competition In the market and has driven down prices, making these therapies more accessible to a broader patient population. The pharmaceutical industry's shift towards gene therapy and stem cell therapies has further boosted the demand for cell culture consumables. These advanced therapies require specialized media and equipment, driving the growth of the market. The integration of artificial intelligence and big data analytics in drug discovery and development processes has led to the optimization of cell culture processes, enhancing productivity and reducing costs. These advancements have the potential to revolutionize the biotech industry and create new opportunities for cell culture consumables suppliers.
The healthcare expenditure and internet penetration rate have significantly influenced the market's growth, with the increasing availability of healthcare services and information driving the demand for cell culture consumables. Medical devices and instruments, which are used in conjunction with cell culture technology, have also contributed to the market's growth. The market's capital equipment segment is expected to grow at a significant rate due to the increasing adoption of automated systems and the need for large-scale production. The technology segment is also expected to witness significant growth due to the integration of advanced technologies in cell culture processes. The market dynamics are influenced by various factors, including regulatory scenarios, technological advancements, and customer preferences.
Suppliers must stay abreast of these trends to remain competitive and meet the evolving needs of the biopharmaceutical sector. In conclusion, the market plays a vital role In the biopharmaceutical sector, particularly In the production of novel therapeutics for chronic diseases. The market's growth is driven by various factors, including regulatory requirements, technological advancements, and customer preferences. Suppliers must stay informed of these trends to remain competitive and meet the evolving needs of the industry.
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Market Scope |
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Report Coverage |
Details |
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Page number |
159 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 31.31% |
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Market growth 2024-2028 |
USD 48267.6 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
23.93 |
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Key countries |
US, China, Germany, UK, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this cell culture consumables market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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