DUBLIN, July 21, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/xfn43v/cell_culture) has announced the addition of the "Cell Culture Market : Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" report to their offering.
The cell culture market was valued at USD 6,097.0 million in 2013 and is projected to reach USD 11,314.5 million by 2022, expanding at a CAGR of 7.1% from 2014 to 2022.
Increasing application areas of cell culture technology in cancer detection, drug discovery and manufacturing of biologics have triggered the growth of this market. In addition, utilization of cell culture in various applications such as developing model systems for research, studies of cellular structures and functions, stem cell research and genetic engineering.
Furthermore, huge investment in research and development by life science companies, extensive academic and industry collaborations and innovation in stem cell research have also driven the global cell culture market. Use of cell and tissue culture as model systems for studying cellular mechanisms related to various diseases such as diabetes, Parkinson's and Alzheimer's, and evaluating drug response is one of the most promising applications of this technology.
The cell culture market has been segmented into two major product types: consumables and instruments. Cell culture consumables have been further categorized into media, sera and reagents. Cell culture media is likely to be the fastest growing segment owing to increasing preference for animal-derived component free (ADCF) media due to ethical and quality concerns.
The instruments segment includes culture systems, incubators, pipetting instruments, roller bottle equipment, biosafety cabinets, cryostorage equipment, and others. Technological innovations in the design and operation of cell culture instruments and rapid adoption of automated culture systems by researchers and manufacturers are the major factors driving the segment.
Key players operating in the global cell culture market include Sigma-Aldrich Corporation, BD Biosciences, EMD Millipore, Thermo Fisher Scientific, Inc., GE Healthcare, Lonza Biosciences, VWR International, PromoCell GmbH and Corning Incorporated.
The global cell culture market is segmented as follows:
Global Cell Culture Consumables Market Revenue, by Products (USD Million)
- Chemically-defined Media
- Classical Media
- Lysogeny Broth
- Protein-free Media
- Serum-free Media
- Specialty Media
- Fetal Bovine Serum
- Other Animals Sera
- Amino Acids
- Attachment Factors
- Growth Factors and Cytokines
- Protease Inhibitors
Global Cell Culture Instruments Market Revenue, by Products (USD Million)- Culture Systems- Incubators- Pipetting Instruments- Roller Bottle Equipment- Biosafety Cabinets- Cryostorage Equipment- Others
- Becton, Dickinson and Company - Corning Life Sciences B.V.- EMD Millipore- GE Healthcare- Lonza Group Ltd. - PromoCell GmbH- Sigma-Aldrich Co. LLC. - Thermo Fisher Scientific, Inc. - VWR International, LLC- Wheaton Industries, Inc.
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SOURCE Research and Markets