The global cell culture market size is expected to reach 63.17 billion by 2030, according to a new study. The report gives a detailed insight into current market dynamics and provides an analysis of future market growth.
The growing demand for cell culture is due to the rising prevalence of infectious diseases, and increasing biopharmaceutical production. Furthermore, tremendous advancements in oncology, biopharmaceuticals, and stem cell research are some of the factors accelerating the market growth.
In addition, the growing awareness of gene therapy and its effectiveness in treating cancer and various chronic diseases has resulted in the adoption of innovative techniques in many biopharmaceutical companies. In addition, favorable government support emphasizing genetic technology is expected to drive market growth.
Moreover, increasing adoption of consumables and single-use processing methods by small-scale biopharmaceutical companies due to low capital investment, affordability, and faster production time is also expected to fuel the market growth over the forecast period.
The COVID-19 pandemic has positively impacted the demand for cell culture as it was useful in the process of drug screening in various laboratories and pharmaceutical companies. In addition, cell culture provides tools for the production of virus-like particles for vaccine and drug development.
Cell Culture Market Report Highlights
The growing demand for the consumables segment is due to wide applications in training, pharmaceutical, and research laboratories and is expected to drive product demand.
The biopharmaceutical production segment accounted for the highest revenue share and is expected to continue its dominance owing to a rise in demand for monoclonal antibodies and consumer shift towards non-conventional drugs.
Pharmaceutical and biotechnological companies are expected to witness faster growth owing to rising government support for the development of cell-based medicines and vaccines for incurable diseases.
The Asia Pacific is expected to witness fastest growth over the forecast period due to rising healthcare and R&D expenditures and the low cost associated with stem cell transplantation across developing nations in the region, such as India and China.
Market Dynamics
Drivers and Opportunities
Demand for Biopharmaceuticals, Artificial Organs & Vaccine Production
Expansion in the Scope of Cell Culture Technology
Restraints and Challenges
Stringent Process Control
The publisher has segmented the cell culture market report based on Product, Application, end-use, and region:
Schools and colleges across the country rely on Immediate Post-Concussion Assessment and Cognitive Testing (ImPACT) evaluations to assess and manage student-athlete concussions on the sidelines. However, this FDA-cleared tool is not recommended for...
MAIA Biotechnology, Inc., ("MAIA", the "Company"), a clinical-stage biopharmaceutical company developing targeted immunotherapies for cancer, today announced that independent directors Cristian Luput and Ramiro Guerrero, J.D, LL.M. made individual...
University of Maryland School of Medicine (UMSOM) Dean Mark T. Gladwin, MD, announced today that Martine Rothblatt PhD, JD, MBA, Chairperson and CEO of United Therapeutics, and inventor of SiriusXM Satellite Radio, will deliver the keynote address...
Beghou Consulting announced Thursday several additions to its executive team to support the company's technology innovation, product development and growth initiatives. Dan Cardinal, a Partner at Beghou, will become Chief Technology Officer. The...
Urban Wellness Group, a pioneering wellness provider, is proud to announce its official launch of new anti-aging and sleep enhancement treatments to southeast Portland.
Dr. Jason Zabell and Dr. Andy Swanson set themselves apart by pairing over 30...
Peninsula Canada, a global leading HR and health & safety firm, committed to making a positive impact in the community, is proud to announce a partnership with SickKids Foundation, a leading charity dedicated to supporting The Hospital for Sick...