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 process involves growing and sustaining various cell types in a controlled laboratory environment to mimic human disease conditions, such as cancerous tumors. The cell culture media and reagents market is experiencing a significant transition from serum-based supplements to serum-free alternatives. Serum-free media are increasingly preferred due to potential contamination issues associated with serum-based media like Fetal Bovine Serum (FBS) and fetal calf serum (FCS). Protein concentrations in serum-based media exceed the protein requirements for mammalian cells, leading to inconsistent cell growth. The unpredictable composition of naturally occurring components in FBS makes it difficult for researchers to determine the optimal protein content for cell growth, thus favoring serum-free media. 

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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
• 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 used in cell culture applications, including Animal-Free Media, CHO and HEK Cells, Primary Cells, Immunortalized Cell Lines, and various reagents for Cell Line Authentication, Cell Banking, Transfection, Viral Transduction, Gene Editing, Flow Cytometry, Data Analysis, Bioprocess Optimization, Process Validation, Quality Assurance, and more. These solutions support the production of Biologics Manufacturing, such as Therapeutic Proteins, Monoclonal Antibodies, Antibody Drug Conjugates, CAR T-Cell Therapy, Stem Cell Therapies, Regenerative Medicine, and Precision Medicine.

Market Research Overview

In the expansive landscape of the global pharmaceuticals industry, Cell Culture Media and Reagents occupy a significant segment. This market encompasses entities involved in the research and development (R&D) or production of various types of media, including Growth Media, Serum-Free Media, Defined Media, and Stem Cell Media. According to Technavio, the healthcare market, which includes the revenues of providers and manufacturers of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services, is poised for growth. Factors driving this expansion include the increasing global population aging, with Europe and the US projected to have over 25% of their populations surpassing 60 years by 2030 and 2050, respectively. This demographic shift will fuel the demand for advanced healthcare solutions, including Cell Culture Media and Reagents, as the pharmaceutical sector continues to innovate and respond to the evolving healthcare needs of an aging population.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/