Cell Culture Market to Hit 11.4% Growth Rate to 2023, Dominated by Pharmaceutical and Biotechnology Companies

PUNE, India, April 19, 2018 /PRNewswire/ --

ReportsnReports.com adds 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%. The report provides an overview of the cell culture market. It aims at estimating the market size and future growth potential of this market across different segments such as product, application, end user, and region.

Browse 258 Market Data Tables and 36 Figures spread through 247 Pages and in-depth TOC on "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" http://www.reportsnreports.com/reports/291293-cell-culture-market-by-equipment-bioreactor-incubator-centrifuge-by-reagent-media-sera-growth-factors-serum-free-media-by-application-cancer-research-gene-therapy-drug-development-vaccine-production-toxicity-testing-global-forecast-to-2018.html .

The cell culture market is fragmented with the presence of several large as well as emerging players. In 2017, Thermo Fisher Scientific (US), Merck KGaA (Germany), and GE Healthcare (US) were the leading players in the global market. Other major players include Lonza (Switzerland), Becton, Dickinson and Company (US), Corning Incorporated (US), Eppendorf (Germany), HiMedia Laboratories (India), Sartorius AG (Germany), PromoCell GmbH (Germany), Pall Corporation (acquired by Danaher (US)), Irvine Scientific (US), InvivoGen (US), and CellGenix GmbH (Germany).

The study estimates the cell culture market size for 2018 and projects its demand till 2023. In the primary research process, various sources from both demand side and supply side were interviewed to obtain qualitative and quantitative information for the report. Primary sources from the demand side include research scientists, cell culture specialists, laboratory technicians, and R&D professionals of pharmaceutical and biotechnology companies and academic research institutes.

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.

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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 cell culture market is 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.

North America is expected to account for the largest share of cell culture market followed by Europe. However, Asia is expected to register the highest CAGR during the forecast period. The high growth in the Asian market is attributed to factors such as favorable regulatory guidelines, lower manufacturing costs, growing presence of market players in emerging economies, and favorable government investments in the life sciences sector.

Order a copy of "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" research report at http://www.reportsnreports.com/purchase.aspx?name=291293 .

The report provides an overview of the cell culture market. It aims at estimating the market size and future growth potential of this market across different segments such as product, application, end user, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

The primary interviews conducted for this report can be categorized as follows: 

• By Company Type: Tier 1 - 36%; Tier 2 -46%; Tier 3 - 18%.
• By Designation: C-level- 29%; D-level- 43%; Others- 28%.
• By Region: North America-39%; Europe-29%; Asia-20%; Rest of the World- 12%

The stem cell assay market is expected to reach USD 1,978.7 million by 2023 from USD 791.9 million in 2018, at a CAGR of 20.1%. The availability of funding for stem cell research; rising incidence of target indications; technological advancements in stem cell research instruments and the introduction of novel stem cell products; and the growth of end-use industries are the major factors driving the growth of this market. In 2017, the stem cell assay market was dominated by North America; and also estimated to grow at the highest growth rate during the forecast period. Get Discount Copy at http://www.reportsnreports.com/contacts/discount.aspx?name=709722 .

Explore more reports on Biotechnology at http://www.reportsnreports.com/market-research/biotechnology/ .

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