Cell tissue culture is the process of growing cells or tissues outside the body in a controlled environment. It is an essential technique in the field of biotechnology and biomedical research, as it allows the study of cell behavior and development under controlled conditions. Cell tissue culture supplies include various products such as media, sera, reagents, and equipment, which are used for cell culture experiments.
Market Overview:
The Global revenue from the Cell Tissue Culture Supplies Market was approximately US$ 13.0 Billion in 2022, with the global market expected to grow at a CAGR of 11.2% to reach a valuation of approximately US$ 41.3 Billion by the end of 2033.
As assessed by Persistence Market Research, the product segment media held a market share of around 33.54% in the global market, in 2022. Overall, cell tissue culture supplies market sales account for approximately 51.1% of revenue share in the global cell culture media market, which was valued at around US$ 25.4 Billion in 2022.
The global market recorded a historic CAGR of 8.7% in the last 8 years from 2014 to 2022.
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Segmentation:
The global cell tissue culture supplies market is segmented based on product type, application, end-user, and region. Based on product type, the market is segmented into media, sera, reagents, and equipment. The media segment accounted for the largest share of the market in 2020, owing to the increasing demand for customized media formulations for specific cell types.
Based on application, the market is segmented into biopharmaceutical production, cancer research, tissue engineering and regenerative medicine, and others. The biopharmaceutical production segment accounted for the largest share of the market in 2020, owing to the increasing demand for biologic drugs and the growing adoption of cell-based assays for drug discovery.
Based on end-user, the market is segmented into pharmaceutical and biotechnology companies, academic and research institutes, and others. The pharmaceutical and biotechnology companies segment accounted for the largest share of the market in 2020, owing to the increasing investment in R&D activities and the growing demand for biologic drugs.
Regional Analysis:
The global cell tissue culture supplies market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America accounted for the largest share of the market in 2020, owing to the presence of major players in the region, increasing government funding for research activities, and the growing adoption of 3D cell culture techniques.
Asia Pacific is expected to grow at the highest CAGR during the forecast period, owing to the increasing demand for biopharmaceuticals, rising government funding for research activities, and the growing focus of major players on expanding their presence in the region.
Key Players:
The global cell tissue culture supplies market is highly competitive, with the presence of several major players. Some of the key players operating in the market are Thermo Fisher Scientific Inc., Merck KGaA, Lonza Group Ltd., Corning Incorporated, GE Healthcare, BD Biosciences, PromoCell GmbH, Eppendorf AG, Sartorius AG, and Bio-Techne Corporation.
Conclusion:
The global cell tissue culture supplies market is expected to grow at a significant rate during the forecast period, driven by factors such as the increasing demand for biopharmaceuticals, rising government funding for research activities, and the growing adoption of 3D cell culture techniques. The market is highly competitive, with the presence of several major players operating in the market. The increasing focus of major players on expanding their presence in emerging markets is expected to create lucrative opportunities for growth in the market.