New Markets and Markets research forecasts that the cell culture industry will grow at a CAGR of 10.71% during 2013-2018 and that it will be worth $24,574 million by 2018. The report features several application segments, namely, biopharmaceutical production, cancer research, drug screening and development, gene therapy, tissue culture and engineering, toxicity testing, vaccine production, and other applications.
An in vitro cell culture is necessary for the isolation of adult stem/progenitor cells found in different human tissues or for their development when they are not available in an adequate quantity to regenerate damaged organs and tissues. Biopharmaceutical production had the largest share of the cell culture market in 2013, driven by the increased demand for cell culture sera, media, and reagents for biopharmaceutical production.
The Markets and Markets report provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the global Cell Culture Market along with the estimates and forecasts of the revenue and market share analysis. As per the report, the key drivers for this global market are rapid increase in the demand for biopharmaceuticals and increased adoption of single-use technology.
The cell culture market is divided into two distinct market segments, namely, the cell culture equipment market and the cell culture media, sera, and reagents market. The segments of the cell culture equipment market include bio-safety cabinets, consumables, lab equipment, sterilization equipment, and storage equipment, while the other market comprises six segments – serum, media, lab reagents, contamination detection kits, cryoprotective agents, and other reagents.
Looking at growth on a geographic basis, the report shows that North America had the largest share in the global cell culture market in 2013. The increasing outsourcing of biopharmaceutical manufacturing to the Asia-Pacific region is expected to result in double-digit growth during 2013 to 2018 in this region.
The report lists the leading manufacturers of the cell culture products as Becton, Dickinson and Company (U.S.), Corning (U.S.), Eppendorf (Germany), General Electric (U.S.), Lonza (Switzerland), Merck (Germany), Promocell (Germany), Sartorius (Germany), Sigma-Aldrich Corporation (U.S.), and Thermo Fisher Scientific (U.S.).