Global Cell Culture Market to reach USD 41.48 Billion by 2027.Global Cell Culture Market is valued approximately at USD 19.0 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 11.8% over the forecast period 2021-2027. Cell culture vaccines are used globally to provide immunity against infections. Presently, mammalian cell lines are being utilized to fight with the SARS-CoV-2 virus. Rising awareness about the advantages of cell culture-based vaccines and increasing preference for single-use technologies are the factors which are driving the growth of Cell Culture market. Furthermore, the increasing risk of pandemics and communicable diseases will be anticipating the growth of the market in forecasted period. For instance: In April 2020, Danaher Corporation has acquired the biopharma division of GE healthcare. GE healthcare will trade with name of Cytiva under Danaher Corp. This strategy will help company to increase their reach across the world. However, lack of infrastructure for cell-based research in emerging nations may impede market growth over the forecast period of 2021-2027.
Region analysis of Global Cell Culture market includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is an important region across the world in terms of market share due to increasing regulatory approvals for cell culture-based vaccines in the region. Whereas Asia Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to increasing academic and government policies in cell-based research in the region.
Major market player included in this report are:
Thermo Fisher Scientific
Merck KGaA
GE Healthcare
Danaher Corporation
Lonza Group AG
Becton, Dickinson and Company
Corning Incorporated
Eppendorf
Sartorius AG
HiMedia Laboratories
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Aircraft type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product
Consumables
Sera, Media, and Reagents
Vessels
Bioreactor Accessories
Equipment
Supporting Equipment
Bioreactors
Storage Equipment
By Application
Biopharmaceutical Production
Diagnostics
Drug Screening and Development
Stem Cell Research
Tissue Engineering & Regenerative Medicine
Other Applications
By End User
Pharmaceutical & Biotechnology Companies
Hospitals and Diagnostic Laboratories
Academic & Research Institutes
Cell Banks
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Cell Culture Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors