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Cell Culture Market Expected to Reach USD 11.3 Billion by 2022 will grow at a CAGR of 7.1% from 2014 to 2022: Transparency Market Research

Albany - New York, Oct. 8, 2015 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research "Cell Culture Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022," the global cell culture market was valued at USD 6.1 billion in 2013 and is expected to grow at a CAGR of 7.1% from 2014 to 2022, to reach an estimated value of USD 11.3 billion by 2022.

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Cell culture is used in molecular and cellular biology and assists in studying the physiology and biochemistry of cells (aging and metabolic studies), the effect of biomolecules and drugs on the cells, and mutagenesis and carcinogenesis studies. Cell culture has a wide range of applications spanning from basic research to drug discovery. The major advantage of using cell culture for these applications is the consistency and reproducibility of results that can be obtained using a batch of clonal cells. The major applications of cell culture include cancer research, biologic manufacturing, gene therapy, recombinant protein, drug screening and monitoring, stem cell research, drug discovery, IVF technology, and disease diagnosis.

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The market for cell culture has been segmented into two major product types: cell culture consumables and instruments. The cell culture consumables segment has been sub-segmented into cell culture media, sera, and reagents. Cell culture media was the largest sub-segment of the cell culture consumables segment. Increase in preference for cell culture media that eliminates use of animal derived components due to ethical concerns related to animal abuse has opened new avenues for innovation in this segment. Media selection forms a vital step in the cell culture process as it could affect every stage of the development and manufacture of end products. Cell culture instruments are known to be as important as media, sera, and reagents to ensure good-quality experiments. The major products in this market segment include culture systems, incubators, pipetting instruments, roller bottle equipment, biosafety cabinets, cryostorage equipment and others. In addition to these products, a cell culture lab must be furnished with biosafety instruments such as personal protective equipment. All these instruments are vital for cell culture and play a significant role in terms of revenue generation in the market.

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The demand for cell culture is rising due to continuous growth in the biologic drugs market such as vaccines, antibodies, and proteins using mammalian cell cultures, production of artificial organs for use in regenerative medicine and increasing prevalence of cancer. The expanding scope of cell culture into areas such as stem cell research is also responsible for the impressive market growth. The growing importance of stem cell therapy is underlined by the fact that these therapies help treat the cause of the disease, while conventional treatment methods help in managing only the symptoms. Increasing government initiatives directed towards increased research funding and improving health care infrastructure to support advanced medical procedures is also supporting the growth of global cell culture market. Furthermore, increasing private and public sector investment in biological products area owing to their high sensitivity and specificity is also supporting the market growth. In addition, advancement in culture technologies such as nano-particle facilitated magnetic levitation, 3D cell culturing by magnetic levitation and recombinant DNA have developed immense opportunities for global cell culture market.

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Key players operating in the global cell culture market include BD Biosciences, Sigma-Aldrich Corporation, EMD Millipore, GE Healthcare, Thermo Fisher Scientific, Inc., Lonza Biosciences, VWR International, PromoCell GmbH and Corning incorporated.

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The global cell culture market is segmented as follows:

Global Cell Culture Consumables Market Revenue, by Products (USD Million)

Media

  • Chemically-defined Media
  • Classical Media
  • Lysogeny Broth
  • Protein-free Media
  • Serum-free Media
  • Specialty Media

Sera

  • Fetal Bovine Serum
  • Other Animals Sera

Reagents

  • Albumin
  • Amino Acids
  • Attachment Factors
  • Growth Factors and Cytokines
  • Protease Inhibitors
  • Thrombin
  • Others

Global Cell Culture Instruments Market Revenue, by Products (USD Million)

  • Culture Systems
  • Incubators
  • Pipetting Instruments
  • Roller Bottle Equipment
  • Biosafety Cabinets
  • Cryostorage Equipment
  • Others

Global Cell Culture Market Revenue, by Geography (USD Million)

North America

  • U.S.
  • Canada

Europe

  • Germany
  • U.K.
  • Rest of Europe

Asia Pacific

  • Japan
  • China
  • Rest of Asia Pacific

Latin America (LATAM)

  • Brazil
  • Mexico
  • Rest of Latin America
  • Rest of the World (RoW)

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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Source:Transparency Market Research