Growing Demand for Biopharmaceuticals to Drive the Global Cell Culture Market, Says Meticulous Research®
Cell Culture Market by Product [Consumables (Media, Reagents, Sera, FBS, Antibiotics, Growth Factor, Buffer), Equipment (Bioreactor, Centrifuge)], Application (Biopharmaceutical, Cancer, Stem Cell), and End User (Pharma, Research)- Global Forecast to 2024
Pune, India – June 28, 2019 /MarketersMedia/ —
Meticulous Research® – the leading global market research company published a research report titled, “Cell Culture Market by Product [Consumables (Media, Reagents, Sera, FBS, Antibiotics, Growth Factor, Buffer), Equipment (Bioreactor, Centrifuge)], Application (Biopharmaceutical, Cancer, Stem Cell), and End User (Pharma, Research)- Global Forecast to 2024”
According to this latest publication by Meticulous Research®, the global cell culture market is expected to grow at a CAGR of 9.4% to reach $11,180.2 million by 2024 from $6,510.0 million in 2018.
The prevalence of cancer, autoimmune, cardiovascular, and infectious diseases is growing across the globe. Biopharmaceuticals have emerged as an important therapeutic class for treatment of such diseases. Biopharmaceuticals have many advantages over synthetic drugs. These products target specific sites and rarely cause side effects – often observed with synthetic/conventional drugs. Biopharmaceuticals offer high specificity and activity. They have enabled the treatment of patients who does not respond/poorly respond to the traditional synthetic drugs. Owing to this, demand for biopharmaceuticals such as vaccines, therapeutic proteins, and antibodies is growing day by day. Since 2000, biopharmaceuticals have exhibited substantial growth in the overall pharmaceutical market. Over the last 8-10 years, the biopharmaceutical market has grown at a CAGR of ~11% and at present, they represent ~25% share in overall pharmaceutical market. At present, antibody-based biopharmaceuticals have dominance in the market.
Further, there is large number of antibody-based biopharmaceuticals present in the pipeline of various biopharmaceutical companies. According to American Pharmaceutical Review – one of the leading journals in the pharmaceutical industry – the percentage of antibody-based products currently under the Biologic License Application (BLA) or equivalent stage of regulatory submission – accounts for ~67% of all biopharmaceuticals. According to the journal, they contribute ~82% of products in phase 3 development and ~90% of products in phase 1 and 2 development. As more and more of such biopharmaceuticals enter commercial stage, it will subsequently lead to growth in demand for cell culture products used in their production.
Apart from the growing demand for biopharmaceuticals, factors such as increasing life sciences research and growing prevalence of chronic diseases are also driving the growth of the global cell culture market. However, high cost of cell culture research restricts the growth of the market to some extent.
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Key Topics Covered in this Report:
Cell Culture Market, by Product
Cell Culture Consumables
Cell Culture Media
Cell Culture Media Market, By Physical Form
Dry Powder Media
Liquid Media
Cell Culture Media Market, By Type
Off-The-Shelf Media
Custom Media
Cell Culture Media Market, By Source
Chemically Defined Media
Natural Media
Cell Culture Reagents
Growth Factors and Cytokines
Cryoprotective Reagents
Antibiotics/Antimycotics
Cell Dissociation Reagents
Buffers
Balanced Salt Solutions
Attachment & Matrix Factors
Others
Cells and Cell Lines
Cell Culture Sera
Fetal Bovine Serum
Other Sera
Cell Culture Vessels
Cell Culture Dishes
Cell Culture Plates
Cell Culture Flasks
Roller Bottles
Others
Cell Culture Equipment
Cryopreservative Containers
Refrigerators and Freezers
Biosafety Cabinets
Incubators
Sterilizers
Bioreactors
Microscopes
Centrifuges
Cell Counters
Water Bath
Others
Cell Culture Market, by Application
Bioproduction
Monoclonal Antibody
Therapeutic Protein
Vaccine Production
Cell and Gene Therapy
Diagnostics
Cancer Research
Drug Screening and Development
Stem Cell Research
Cell Culture Market, by End User
Pharmaceutical and Biotechnology Companies
Academic and Research Institutes
Diagnostic Laboratories
Cell Culture Market, by Geography
North America
U.S.
Canada
Europe
Germany
Italy
France
U.K.
Spain
Rest of Europe (RoE)
Asia-Pacific (APAC)
Japan
China
India
Rest of APAC (RoAPAC)
Rest of World
Latin America
Middle East & Africa
Download free sample report and gain crucial industry insights @ https://www.meticulousresearch.com/request-sample-report/cp_id=4788
Contact Info:
Name: Khushal
Email: Send Email
Organization: Meticulous Market Research Pvt. Ltd.
Address: Pune, India
Phone: +91-744-7780008
Website: https://www.meticulousresearch.com/product/cell-culture-market/
Source: MarketersMedia
Release ID: 88891078
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