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Cell Culture Market by Consumables, Equipment {Bioreactor, Supporting Equipment }, Application, End Users - Global Forecast to 2023

Cell Culture Market by Consumables, Equipment {Bioreactor, Supporting Equipment }, Application, End Users - Global Forecast to 2023

  • April 2018
  • 248 pages
  • ID: 3665912
In this report:
In 2017, vaccine production accounted for the largest share of ##.##% of the cell culture biopharmaceutical/therapeutic applications market in North America.
In 2017, vaccine production accounted for the largest share of ##.##% of the cell culture biopharmaceutical/therapeutic applications market in Germany.

Summary

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The global cell culture market projected to grow at a CAGR of 11.4%.

The global cell culture market is expected to reach USD 26.28 billion by 2023 from USD 15.32 billion in 2018, at a CAGR of 11.4%. Growth in this market is driven by the growing number of regulatory approvals for cell culture-based vaccines, increasing demand for monoclonal antibodies (mAbs), funding for cell-based research, growing preference for single-use technologies, and the launch of advanced cell culture products. On the other hand, the high cost of cell biology research and the lack of proper infrastructure for cell-based research activities are the major factors restraining the growth of this market.

Consumables are expected to grow at the highest CAGR during the forecast period.
Based on product, the cell culture market is segmented into equipment and consumables.The consumables segment accounted for the largest market share in 2017 and is expected to register the highest CAGR during the forecast period.

The repeated purchase of consumables for various cell culture applications is the major factor supporting the growth of the consumables segment during the forecast period.

Pharmaceutical and biotechnology companies are expected to dominate the market during the forecast period.
Based on end user, the cell culture market is segmented into pharmaceutical and biotechnology companies and research institutes.The pharmaceutical and biotechnology companies segment accounted for the largest market share in 2017 and is projected to register the highest CAGR during the forecast period.

The growing use of single-use technologies, increasing number of regulatory approvals for cell culture-based vaccines, and presence of a large number of pharmaceutical players in this market are driving the cell culture market for this end-user segment.

Asia to witness the highest growth during the forecast period.
In 2018, North America is expected to account for the largest share of the market followed by Europe.However, Asia is expected to register the highest CAGR during the forecast period.

The high growth in the Asian market is attributed to factors such as favorable regulatory guidelines, lower manufacturing costs, growing presence of market players in emerging economies, and favorable government investments in the life sciences sector.

The primary interviews conducted for this report can be categorized as follows:
• By Company Type: Tier 1 – 36%; Tier 2 - 46%; Tier 3 - 18%.
• By Designation: C-level- 29%; D-level- 43%; Others- 28%.
• By Region: North America-39%; Europe-29%; Asia -20%; Rest of the World- 12%

List of companies profiled in the report
• Thermo Fisher Scientific (US)
• Merck KGaA (Germany)
• GE Healthcare (US)
• Lonza (Switzerland)
• Becton, Dickinson and Company (US)
• Corning Incorporated (US)
• Eppendorf AG (Germany)
• HiMedia Laboratories (India)
• Sartorius AG (Germany)
• PromoCell GmbH (Germany)
• Danaher Corporation (US)
• Irvine Scientific (US)
• InvivoGen (US)
• CellGenix GmbH (Germany)
• Miltenyi Biotec (Germany)

Research Coverage:
The report provides an overview of the cell culture market.It aims at estimating the market size and future growth potential of this market across different segments such as product, application, end user, and region.

Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them with the closest approximations of revenues for the overall cell culture market and its subsegments.This report will help stakeholders to understand the competitive landscape better and gain insights to position their businesses and help companies make suitable go-to-market strategies.

The report will also help stakeholders understand the pulse of the market and provide them with information regarding key market drivers and opportunities.

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