Global Cell Culture Media Market Analysis 2024: Size Forecast and Growth Prospects

The cell culture media global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Cell Culture Media Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size -
The cell culture media market size has grown rapidly in recent years. It will grow from $4.84 billion in 2023 to $5.46 billion in 2024 at a compound annual growth rate (CAGR) of 12.8%.  The growth in the historic period can be attributed to growing research and development (R&D) activities, rising prevalence of chronic diseases, expansion of the biopharmaceutical industry, supportive government initiatives and funding, and growing demand for regenerative medicine and stem cell therapies.

The cell culture media market size is expected to see rapid growth in the next few years. It will grow to $8.91 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%.  The growth in the forecast period can be attributed to an increasing focus on personalized medicine, a growing pipeline of biopharmaceutical products, expansion of stem cell research, increasing adoption of organ-on-a-chip technology for drug testing and toxicity screening, growing healthcare infrastructure, rising investments in life sciences research, and expanding biopharmaceutical manufacturing capabilities. Major trends in the forecast period include technological advancements in biotechnology, the emergence of cell and gene therapies, the adoption of organ-on-a-chip technology for drug testing and toxicity screening, the adoption of animal-free and chemically-defined cell culture media formulations, integration of advanced cell culture systems, microfluidics, and bioreactor technologies.

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Scope Of Cell Culture Media Market
The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Cell Culture Media Market Overview

Market Drivers -
The increase in the manufacturing of pharmaceutical drugs is expected to propel the cell culture media market going forward. Pharmaceutical drugs refer to medications or substances used for the prevention, treatment, or diagnosis of medical conditions in humans or animals. The surge in pharmaceutical drug manufacturing can be attributed to the increased prevalence of chronic and infectious diseases and the growing aging population, which necessitates a higher demand for medications to manage age-related conditions and ailments. Cell culture media provide the essential nutrients and environment for the growth and maintenance of cells used in pharmaceutical drug manufacturing, ensuring optimal cell growth and the production of desired therapeutic proteins or molecules. For instance, in June 2023, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based European trade association representing the pharmaceutical industry, the total bio-pharmaceutical production in Europe accounted for $384,200 million (€340,000 million) in 2022, an increase of approximately 4.95% from $366,267 million (€323,950 million) in 2021. Therefore, the increase in the manufacturing of pharmaceutical drugs is driving the growth of the cell culture media market.

Market Trends -
Major companies operating in the cell culture media market are focusing on developing innovative culture cell media, such as chemically defined and animal-component-free formulations, to gain a competitive edge in the market. Chemically defined and animal-component-free formulations aim to optimize cell growth and protein production, ultimately improving the scalability and efficiency of biopharmaceutical manufacturing processes. For instance, in July 2023, Lonza Group Ltd., a Switzerland-based healthcare company, launched TheraPRO CHO Media System, an innovative cell culture platform designed to enhance productivity and quality in therapeutic protein manufacture. This new system is tailored to optimize therapeutic monoclonal antibody production and features a chemically defined, animal-component-free, two-part production process, simplifying media preparation and ensuring scalability.

The cell culture media market covered in this report is segmented –
1) By Type: Liquid Media, Semi-solid And Solid Media
2) By Product: Serum Free Media, Classical Media, Stem Cell Culture Media, Specialty Media, Chemically Defined Media, Other Cell Culture Media
3) By Application: Biopharmaceutical Production, Diagnostics, Drug Screening And Development, Tissue Engineering And Regenerative Medicine, Other Applications
4) By End User: Biotechnology And Pharmaceutical Industry, Academic Institute, Research Laboratory, Other End Users

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Regional Insights -
North America was the largest region in the cell culture media market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cell culture media market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies -
Major companies operating in the cell culture media market are Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, Becton Dickinson and Company, Corning Incorporated, Lonza Group AG, Sartorius AG, CYTIVA Lifesciences, Bio-Rad Laboratories Inc., STEMCELL Technologies Inc., Miltenyi Biotec, Takara Bio, MP Biomedicals, FUJIFILM Irvine Scientific Inc., Promocell Inc., InSphero AG, PeproTech Inc., HiMedia Laboratories Pvt. Ltd., Elabscience Biotechnology Inc., Capricorn Scientific GmbH, CAISSON Laboratories Inc., Cell Biologics Inc., Nucleus Biologics LLC

Table of Contents
1. Executive Summary
2. Cell Culture Media Market Report Structure
3. Cell Culture Media Market Trends And Strategies
4. Cell Culture Media Market – Macro Economic Scenario
5. Cell Culture Media Market Size And Growth
…..
27. Cell Culture Media Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix