Latest News- Cell Culture Media And Reagents Market: Pharmaceutical and biotechnology industry is expected to lead the End-user segment during 2024-2028

The Cell Culture Media And Reagents Market is being driven by Advancements in life science industry

The Cell Culture Media And Reagents Market is expected to grow at a CAGR of 8.11% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 5165.4 million. In the realm of cell culture, this technique is utilized extensively to cultivate and preserve diverse cell types in a controlled laboratory environment, mirroring complex human disease conditions such as cancerous tumors. The cell culture media and reagents market is undergoing a significant transformation, with a growing preference towards serum-free supplements over traditional serum-based media like FBS and fetal calf serum (FCS). The rationale behind this shift is rooted in the potential contamination risks posed by serum-based media due to their higher protein concentrations exceeding the protein requirements for optimal mammalian cell growth. Moreover, the unpredictable composition of naturally occurring components in serum-based media poses a challenge for researchers in accurately quantifying the necessary protein content for optimal cell expansion. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Pharmaceutical and biotechnology industry
  • Academic institutions and research laboratories
  • Others
• Product
  • Media
  • Reagents
• Application
  • Drug Discovery
  • Tissue Engineering
  • Cancer Research
  • Vaccine Production
  • Toxicity Testing
• Technology
  • Liquid
  • Single-use Systems
• Media Type
  • Serum-Free
  • Chemically Defined
  • Classical
• Geography
  • North America
    • Canada
    • US
  • Asia
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • 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: 

• Advancements in life science industry
• Rise in prevalence of chronic and infectious diseases
• Increasing importance of stem cell culture

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

• Lack of skilled personnel
• Issues related to cell contamination
• Minimum sustainability of new entrants

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Market Scope in Cell Culture Media And Reagents Market Research Report

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Research Analysis Overview

The Cell Culture Media and Reagents Market encompasses a range of products essential for cell growth and manipulation in laboratories and industrial-scale production. Key offerings include cell culture flasks, multi-well plates, and dishes, as well as CO2 incubators for optimal growth conditions. Additional tools include cell counters, flow cytometry, and imaging systems for cell analysis. Single-use bioreactors and bioprocessing equipment facilitate large-scale cell production. Quality assurance and regulatory compliance are ensured through microbial contamination control and adherence to biopharmaceutical manufacturing standards. Applications span drug development, clinical trials, therapeutic antibodies, gene therapy, personalized medicine, biosimilar development, and biosimilar characterization.

Market Research Overview

In the context of the global pharmaceuticals market, the sector encompasses businesses involved in the research and development (R&D) or production of various drug categories, including generic, non-generic, and veterinary drugs. According to Technavio's market analysis, the healthcare industry size is determined by the consolidated revenue generated by providers of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services. Factors driving the growth of the pharmaceuticals market include the increasing aging population, with predictions suggesting that by 2050, approximately one-quarter of the US population and by 2030 in Europe will be over 60 years old. This demographic shift is anticipated to significantly boost the demand for cell culture media, growth media, basal media, and related products essential for drug production.. 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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Website: www.technavio.com/