Culture Media Market by Type (Lysogeny Broth, Chemically Defined Media, Classical Media, Serum-free Media, Specialty Media, Stem Cell Media, and Others), Application (Cancer Research, Biopharmaceuticals, Regenerative Medicine & Tissue Engineering, Stem Cell Technologies, Drug Discovery, and Others), and End User (Biotechnology & Pharmaceutical Industry, Academic Institute, Research Laboratory, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023
Culture media is any solid or liquid preparation made precisely for the growth, storage, maintenance, and transport of microorganisms and different types of cells. The array of various media available in research allows the culturing of cell types and microorganisms. The global culture media market was valued at $3,775 million in 2016, and is estimated to reach at $6,532 million by 2023, registering a CAGR of 8.1% from 2017 to 2023.
Rise in production of biopharmaceuticals and increase in demand for cell culture media have fueled the growth of the culture media market. Moreover, increase in investments and funding for research interventions in both developed and developing countries drives the culture media market growth.
However, ethical & scientific concerns associated with culture media and dearth of skilled personnel restrict the market growth. Conversely, untapped potential of the emerging markets and increase in preference for specialty media are anticipated to provide lucrative opportunities to the key players involved in the culture media market.
The culture media market is segmented based on type, application, end user, and region. Depending on type, the market is divided into lysogeny broth, chemically defined media, classical media, serum-free media, specialty media, stem cell media, and others. By application, the culture media market is categorized into cancer research, biopharmaceuticals, regenerative medicine & tissue engineering, stem cell technologies, drug discovery, and others. According to end user, it is classified into biotechnology & pharmaceutical industry, academic institute, research laboratory, and others. As per region, the culture media market is analyzed across North America, Europe, Asia-Pacific, and LAMEA..
KEY BENEFITS FOR STAKEHOLDERS
This report entails a detailed quantitative analysis of the current market trends from 2016 to 2023 to identify the prevailing opportunities.
Cell culture media market size and market estimations are based on comprehensive analysis of the key developments in the industry.
In-depth analysis based on region assists to understand the regional market and the strategic business planning.
The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.
KEY MARKET SEGMENTS
Chemically Defined Media
Stem Cell Media
Regenerative Medicine & Tissue Engineering
Stem Cell Technologies
By End User
Biotechnology & Pharmaceutical Industry
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
The list of key players operating in this market includes:
Thermo Fisher Scientific, Inc.
Merck & Co., Inc.
The Sartorius Group
Becton, Dickinson and Company
Bio-Rad Laboratories, Inc.
The other players included in the value chain analysis (and not included in the report) include:
Takara Bio, Inc.
Caisson Laboratories, Inc.
Cyagen Biosciences, Inc.
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