WILMINGTON, DE / ACCESSWIRE / July 6, 2023 / The global cell culture media, sera, and reagents market is projected to expand at a CAGR of 10.3% from 2021 to 2031 to reach US$ 18.3 Bn by 2031. The market was valued at US$ 6.1 Bn in 2020.
Rise in implementation of good cell culture practice (GCCP) in cell culture studies is creating the demand for advanced cell culture media, sera, and reagents. Rise in demand for large-scale hybrid cell lines in the biopharmaceutical sector is anticipated to augment the cell culture media, sera, and reagents market size. These cell lines are utilized in vaccine and drug development applications.
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Key Findings of Study
Key Growth Drivers of Cell Culture Media, Sera, and Reagents Market
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Regional Growth Dynamics
North America is projected to account for dominant market share during the forecast period. Considerable research & development activities in stem cell therapy and gene therapy is likely to fuel the market in the region over the next few years. Biopharmaceutical companies in the U.S. are increasingly seeking automated cell culture systems. This, in turn, is anticipated to augment market size in North America. Rise in adoption of novel characterization tools in stem cell research and primary cell culture is projected to bolster market growth in the near future. Increase in preference for animal component-free cell culture products is likely to offer significant growth opportunities for companies operating in the market in the region. Substantial demand for contract research manufacturing among pharmaceutical companies is expected to fuel market growth in North America.
The market in Asia Pacific is projected to expand at a rapid pace during the forecast period. Continuous R&D investments in patient-derived cell lines by biopharmaceutical companies and increase in demand for biologics and biosimilars among the patient population are projected to propel the market in Asia Pacific. Surge in demand for advanced genome editing tools such as CRISPR - Cas9 in the generation of continuous immortalized cell lines is likely to bolster market expansion in the region in the near future.
Competition Landscape
Prominent players operating in the cell culture media, sera, and reagents market are
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Segmentation
The global cell culture media, sera, and reagents market is segmented based on
Product
Sera
Reagents
End-user
Region
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