Increasing Awareness of Cell Culture-Based Vaccines is One of the Factors Driving the Development of This Market

People's awareness of cell culture-based vaccines continues to increase, and the demand for monoclonal antibodies is also increasing, which is one of the factors driving the development of this market. In addition, the growing preference for disposable bioreactors and the increased funding in the field of cell culture have further actively expanded the market. Despite the lack of infrastructure for basic cell research in developing economies, the high cost of research in this area is expected to hinder market growth.

The report titled "Global Cell Culture - Market and Technology Forecast to 2028" is broken down by application, product and region. Product-based segmentation is further subdivided into "consumables and equipment". Consumables are subdivided into media, serum and reagents. The cell culture global market is subdivided into North America, Europe, Asia Pacific, Middle East, and RoW. The application areas are divided into stem cells, vaccines and therapeutic proteins.

In 2020, the global market size of cell culture is 18 billion U.S. dollars and is expected to reach approximately 48 billion U.S. dollars by 2028. The market is expected to grow at a compound annual growth rate of approximately 13%. Based on consumables, the cell culture medium market occupies this market segment. The cell culture market is mainly driven by vertical integration. Therefore, the growth of the biopharmaceutical industry, vaccine production, toxicology, etc., in turn, means that the demand for alternative media is growing. Among consumables, the fields of serum, culture media and reagents dominate the cell culture consumables market. This is because they are used in cell culture experiments to produce results with high efficiency.

Due to the development of automated robotic liquid handling systems, cell culture systems have become an increasingly popular technology, which is expected to enhance culture capabilities and help maintain high purity.

North America is expected to occupy the largest market share due to the introduction and progress of automated cell culture technology and the increasing popularity of stem cell therapies in the region. The increasing number of regulatory approvals for cell culture-based vaccines, coupled with increased funding for research and development, has been driving the development of the North American market. Closely followed by North America, the European Union is the world’s second-largest market area for cell culture, and the Asia-Pacific region is the fastest growing segment due to increased contract manufacturing and outsourced cell culture.

Scope:
The study period of the report titled, "Global Cell Culture - Market and Technology Forecast to 2028" is from 2018-2028 while the forecast period is from 2020-2028. The CAGR of this market is expected to be 13%.

Reasons to buy:

•  A detailed study about the competitors within this market has been made, which can help new players develop a strategy of their own to stand out in this market.
• Market strategies employed by the key players have been mentioned which could help potential players gain perspective on how they could approach this market
• Industrial experts can use this report to understand the changing market dynamics with respect to forthcoming technologies.  
• In-depth market segmentation has been provided in this report along with prospects and opportunities that this market provides. Potential players can use this segment to understand the scope of the market.
• The key players of this market can use this report to understand the drives, restraints, and challenges which are expected to shape the global and regional market.