Global Cell Culture Market to Surpass US$ 27,565.9 Million by 2027 - Coherent Market Insights

SEATTLE, March 24, 2020 /PRNewswire/ -- According to Coherent Market Insights, the global cell culture market was estimated to be valued at US$ 15,805.7 million in 2019, and is expected to exhibit a CAGR of 7.2% over the forecast period (2019-2027).

Key Trends and Analysis of the Global Cell Culture Market:

Key trends in market include increasing product launches, increasing adoption of strategies such as acquisitions to strengthen their market position and technological advancements in product development for development of new and efficient product by the key players in the market.

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Increasing product launches is a leading factor that is expected to drive growth of the global cell culture market over the forecast period. For instance, in March 2019, Lonza launched GS piggyBac, a versatile Cell Line engineering technology system capable of inserting large DNA into transcriptionally active and genetically stable areas of the genome associated with highly expressed genes.

Major players are constantly looking for opportunities to expand their product offering and increase their geographical foot print by acquisition, which is also expected to drive growth of the global cell culture market over the forecast period. For instance, in August 2019, FUJIFILM Diosynth Biotechnologies U.S.A. Inc. acquired a large-scale biologics manufacturing site of Biogen located in Denmark. The acquisition is expected to significantly increase Fujifilm's cell culture production capabilities.

Key Market Takeaways:

• The global cell culture market is expected to exhibit a CAGR of 7.2% during the forecast period (2019-2027), owing to increasing incidence of product launches, increasing investment in research and development from manufacturers. For instance, in May 2019, Sartorius AG launched new ambr 15 cell culture micro bioreactor system. The new system provides improved clone selection along with enhanced media and feed optimization. The system also supports cell & gene therapy application.
• Key players in the market are focused on increasing product portfolio through merger & acquisition activities, which, in turn is expected to propel the market growth over the forecast period. For instance, in October 2018, Thermo Fisher Scientific Inc. world leader in serving science acquired Advanced Bioprocessing business from Becton, Dickinson and Company.

Key players operating in the global Cell Culture market include—

Corning Incorporated, Merck KGaA, Sartorius AG, BioSpherix, Ltd., Cell Culture Company, LLC, Thermo Fisher Scientific Inc., VWR International LLC, and Lonza

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Market Segmentations:

• Global Cell Culture Market, By Product Type:
• Instrument
• Culture Systems
• Bags
• Plates
• T-flasks
• Culture Dishes
• Roller Bottles
• Bioreactors
• Incubators
• Pipetting Instruments
• Roller Bottle Equipment
• Biosafety Cabinets
• Cryostorage Equipment
• Others
• Consumables
• Media
• Chemically Defined
• Classical
• LB
• Protein-free
• Serum-free
• Specialty
• Sera
• Fetal Bovine
• Others
• Reagents
• Albumin
• Amino acids
• Attachment Factors
• Growth Factors & Cytokines
• Protease Inhibitors
• Thrombin
• Others (Buffers, Proteins, Viruses, Bacteria, and Specialized Reagents)
• Global Cell Culture Market, By Application:
• Vaccine Production
• Gene Therapy
• Cancer Research
• Tissue Culture
• Drug Development
• Others
• Global Cell Culture Market, By End User:
• Academic & Research Institutions
• Pharmaceutical and Biotechnology Companies
• Global Cell Culture Market, By Region:
• North America
• By Country:
• U.S.
• Canada
• Latin America
• By Country:
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Europe
• By Country:
• Germany
• U.K.
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• By Country:
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East
• By Country:
• GCC
• Israel
• Rest of Middle East
• Africa
• By Country/Region:
• South Africa
• Central Africa
• North Africa

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