Cell Culture Market to Surpass US$ 22.5 Billion by 2024 : Coherent Market Insights

CELL CULTURE MARKET
Global Market Analysis, Insights, Trends, and Opportunity Inference, 2016-2024
REPORT DESCRIPTION
Global Cell Culture Market : Overview
The Global Cell Culture Market was valued at US$ 12,251.3 million in 2015 and is projected to expand at a CAGR of 7.1% during the
forecast period (2016–2024), as highlighted in a new report published by Coherent Market Insights. The last century has witnessed a steep
rise in number of deadly viruses that cause various diseases. Rise in number of virus infections is expected to propel the cell culture market
in the near future. According to W.H.O, in 2015, prevalence of human immunodeficiency virus (HIV) infection in the U.S. is estimated to be
0.32%, which inadvertently fuels growth of the cell culture market.
Cell culture is an important tool used in the field of molecular biology that offers excellent model systems for studying and analyzing
normal physiology and biochemistry of cells. Furthermore, cell culture technique is used in drug screening and development and
manufacturing of various biological compounds such as vaccines and therapeutic proteins. Rise in demand for animal and human vaccines
is projected to support the cell culture market over the forecast period. High-income countries are characterized by high demand for
vaccines in terms of value as compared to low-income countries, as the healthcare standards and awareness about the vaccinations is
more in the former. According to WHO, in 2015, high-income countries contributed around 80% of global vaccine sales in terms of value,
while accounting for under 20% sales volume. Conversely, around 20% of the global vaccines sales is from the low and middle-income
countries contributing to the 80% of the volume of the total vaccines sold. Certain non-profit organizations such as UNICEF and PAHO have
high power for low-income countries and middle-income countries. According to WHO, in 2011, the estimated purchase by such groups
was around US$ 1.4 billion, which accounted for 7% of the total sales globally.
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Product from cell culture are to be utilized as a biomarker for serious conditions such as cancer and also for clinical and diagnostic
purpose in various other disease. Centrifugation technique is used for isolation of exosome, which is present in almost every fluid in
humans. Companies are focusing on development of new methods for betterment of future healthcare.
REPORT DESCRIPTION
may be in various disorders such as cardiovascular disorder, Alzheimer’s, Parkinson’s and HIV. According to the latest updates in 2017 by
International Labmate Limited, the Beckman Coulter’s life sciences division is involved in exosomes isolation process, which concluded that
exosomes work under cell-to-cell communication process that is critical for homeostasis. They are further being studied and analyzed for
their therapeutic efficiencies under nano delivery device to affected cells. Although the cell culture field consists of various products, their
properties can be utilized to clinically treat and diagnose various abnormalities in humans and animals. Companies are inclined towards
providing specific products to the customers. For instance, Becton Dickinson (BD) offers customized products and services for
characterization of cells and defined environment for cell culture to the customers involved in drug discovery, and cell biology. BD’s custom
products and services offers with dependable, reproducible tools. Such tools are able to reduce risks related to technology and finances,
which in turn is expected to improve the research quality and operational benefits.
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Key takeaways of the market
• The global cell culture market is expected to expand at a CAGR of 7.1% during the forecast period (2016–2024). The increase in number
of cancer patients globally is expected to favor the market for cell culture in the near future. According to, Surveillance Research
Program, in NCI's Division of Cancer Control and Population Sciences, based on data available between 2009 and 2013, number of new
cases of cancer of any site was 448.7 per 100,000 per year.
• The instrument product type segment in the global cell culture market was estimated to be the largest in 2015 and is expected to
dominate the market throughout the forecast period in terms of value. Rise in number adoption for vaccination worldwide in lower and
middle-income countries in terms of volume. According to W.H.O, in 2016, around 19.4 million infants are still deprived of necessary
vaccinations.
• The cancer research application segment is expected to expand at a CAGR of 8.0% during the forecast period. This is expected to
support the market on the backdrop of increase in global biopharmaceutical market due to the cost-effectiveness and high efficacy of
the products.
REPORT DESCRIPTION
• The global cell culture market is characterized by rise in focus on biopharmaceutical and other biological products. For instance,
according to McKinsey & Company, in 2015, biopharmaceuticals contributes to around 20%, which is around US$163 billion of the total
pharma market. This is expected to increase and to support the cell culture market.
• Some of the major players are Becton, Dickinson and Company, EMD Millipore, Sartorius AG, Merck KGAA, Biospherix, Sigma-Aldrich
Corporation, Biovest International Inc. Cell Culture Company, LLC.
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Market Taxonomy
This report segments the global cell culture market on the basis of products, applications, end user, and geography. On the basis of product
type, the market is segmented into consumables and instruments. The consumables market is categorized into media, sera, and reagents.
The instruments market is categorized into culture systems, incubators, pipette, roller bottles, cryostorage equipment and biosafety
cabinets. The end users segment comprises academic and research institutes and commercial pharma and biotech product manufacturers.
For comprehensive understanding of market dynamics, the global cell culture market is analyzed across key geographical regions namely
North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed on basis of market findings
across major countries in these regions for a macro-level understanding of the market.
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The Global Cell Culture Market was valued at US$ 12,251.3 million in 2015 and is projected to expand at a CAGR of 7.1% during the forecast period (2016–2024), as highlighted in a new report published by Coherent Market Insights. The last century has witnessed a steep rise in number of deadly viruses that cause various diseases. Rise in number of virus infections is expected to propel the cell culture market in the near future. According to W.H.O, in 2015, prevalence of human immunodeficiency virus (HIV) infection in the U.S. is estimated to be 0.32%, which inadvertently fuels growth of the cell culture market. Get Free PDF Research Brochure for more Professional and Technical Insights: https://www.coherentmarketinsights.com/insight/request-sample/116