Latest News- Cell Culture Market: Consumables is expected to lead the Product segment during 2024-2028

The Cell Culture Market is being driven by Increase in infectious diseases

The Cell Culture Market is expected to grow at a CAGR of 13.64% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 24.8 billion. In the realm of cell research, 3D cell culture has emerged as a significant innovation, offering a more authentic environment for cell growth. This technique closely mimics natural cell morphology, making it an invaluable tool in various research domains. The intricate details obtained from 3D culture are instrumental in predicting drug resistance and aiding in the study of stem cells, viral pathogenesis, viral growth, infection, and pathogen-host interactions. With a growing emphasis on cancer research, the demand for advanced 3D culturing techniques and microenvironments is escalating. Consequently, industry vendors are responding by introducing sophisticated 3D culture solutions to cater to this burgeoning market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Consumables
  • Equipment
• End-user
  • Pharma and biotech companies
  • Hospitals
  • Research and academic Institutes
  • Others
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • Asia
    • China
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in infectious diseases
• Growing demand for biopharmaceuticals
• High growth potential from emerging regions

However, the market also witnesses some limitations, which are as follows:

• Contamination of cell culture
• Low sustainability of new entrants
• High cost of equipment

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Market Scope in Cell Culture Market Research Report

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Research Analysis Overview

The Cell Culture Market is driven by the increasing demand for Single-use technologies in Biotechnology industry for Novel Therapeutics development, particularly in the areas of Chronic Diseases like Cardiovascular Ailments, Autoimmune Disorders, and Neurological Disorders. University of Bristol's research in Cell Biology and Seed Funding contribute to this growth. Cell Therapy and Viral Vaccines are key applications. Biopharmaceutical Development, Testing Kits, Cell Culture Tools, High-throughput Screening, and Captivate Bio are significant market sectors. Buying behavior is influenced by advancements in these areas.

Market Research Overview

The global life sciences tools and services market encompasses organizations involved in the research and development (R&D) of a diverse range of products and services. This market includes manufacturers of capital equipment, instruments, accessories, and consumables for pharmaceuticals and biotechnology, as well as providers of related services such as contract research, manufacturing, and sales. Factors driving market growth include the aging population, with the number of individuals over 60 predicted to rise significantly, leading to increased demand for novel therapeutics and diagnostics for chronic diseases. Additionally, advancements in cell biology research, particularly in areas such as cardiovascular ailments and cell therapy, are fueling innovation in the biotechnology industry. The University of Bristol, for instance, has secured seed funding for research into single-use technologies, which offer cost savings and improved sterility in cell culture processes. Overall, the global healthcare market is expected to grow substantially due to these and other factors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/