The demand for an effective treatment for chronic diseases drives the adoption of cell culture media. The robust and effective impact of cell culture technology makes it an ideal medium for developing antibodies, making it a vital aspect of the healthcare sector. The augmenting application of cell culture media in the development of biopharmaceutical products is propelling market growth.
The demand for an effective treatment for chronic diseases drives the adoption of cell culture media. The robust and effective impact of cell culture technology makes it an ideal medium for developing antibodies, making it a vital aspect of the healthcare sector. The augmenting application of cell culture media in the development of biopharmaceutical products is propelling market growth.
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The global cell culture media market will grow at 7% CAGR by the end of 2029. The latest report published by the persistence market research high prevalence of chronic disease as a major factor influencing the market growth. The market is getting intense with the introduction of new medicines and treatments in the market using cell culture media. The contribution to collecting extensive data useful for researches is creating growth opportunities in the cell culture media market.
Cell Culture Media Market: Key Takeaways
- Serum-free media will hold a major chunk of the market owing to its high adoption rate.
- Cancer research applications will generate major revenue in the market during the forecast period.
- Biopharmaceutical companies will generate major growth opportunities in the market by the end of 2029.
- North America will stay at the vanguard of the cell culture media market with a high concentration of pharmaceutical manufacturers in the region.
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Cell Culture Media Market: Key Growth Drivers
- The high prevalence rate of chronic diseases significantly surges the demand for cell culture media, strengthening market growth.
- Growing demand for cell culture media in pharmaceutical products is escalating the revenue in the market.
- Increasing adoption of monoclonal antibodies has a positive influence on the demand for cell culture media, thereby propelling the cell culture media market growth.
- The surge in the development of parenteral products is bolstering the cell culture media market expansion.
Cell Culture Media Market: Key Restraints
- Costly R&D activities in cell culture media landscape are hampering the market growth.
- Rising concerns regarding sterility of the media is a major factor restraining the development in the cell culture media market.
The complete cell culture media market report with detailed market segmentation, 109 illustrative figures, and 41 data tables spread across 200 pages on https://www.persistencemarketresearch.com/market-research/cell-culture-media-market.asp
Cell Culture Media Market: Competition Landscape
The major market players occupy around 65% of the market. Pharmaceutical manufacturers are involved in collaborations to expand their market presence. The competition is growing intense with cost-effective cell culture media offerings. Major players profiled in the global cell culture media market are GE Healthcare, Thermo Fisher Scientific Inc., STEMCELL Technologies Inc. and Corning Incorporated.
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About the Report
Persistence Market Research offers unique insights into the cell culture media market in its market study. It segments the cell culture media market based on application (stem cell technologies, biopharmaceuticals, cancer research and regenerative medicine & tissue engineering), product (chemically defined media, serum-containing media, protein-free media, and serum-free media), and end-user (biopharmaceutical companies, academic research centers, and clinical research organizations), across six prominent regions.