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cell culture market


cell culture market – PowerPoint PPT presentation

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Updated: 23 August 2016
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Title: cell culture market

MarketsandMarkets Presents
  • Cell Culture Market - Global Forecast to 2020

  • The global cell culture market is expected to
    reach USD 18,630.7 Million by 2020 from USD
    11,310.9 Million in 2015, at a CAGR of 10.5. The
    increasing incidence of chronic diseases, growth
    in the number of regulatory approvals for cell
    culture-based vaccines, rising demand for mAbs,
    funding for cell-based research, growing use of
    single-use technologies, and technological
    advancements in cell culture products are key
    factors driving the market growth. However,
    factors such as high cost of research in cell
    biology and lack of infrastructure for cell-based
    research may hinder the market growth.
  • Based on products, the cell culture market is
    segmented into instruments and consumables. The
    consumables segment is expected to account for
    the largest share in 2015. This segment is also
    slated to witness the highest CAGR during the
    forecast period owing to the repeated purchase of
    consumables compared to instruments.

  • http//www.marketsandmarkets.com/Market-Reports/ce
  • Based on applications, the cell culture market is
    segmented into biopharmaceutical/therapeutics,
    stem cell technologies, drug screening
    development, tissue engineering regenerative
    medicine, cancer research, and other
    applications. The biopharmaceutical/therapeutics
    segment is expected to grow at the highest CAGR
    during the forecast period. The high growth of
    this segment is attributed to the growing
    benefits of cell culture-based vaccines coupled
    with increasing regulatory approvals. 

  • The global market is dominated by North America,
    followed by Europe. The market in Asia is
    expected to witness the highest CAGR during the
    forecast period. Factors such as favorable
    regulatory guidelines, government support for
    cell culture-based vaccine production, low
    manufacturing cost, and growing focus of global
    market players are expected to fuel the growth in
    emerging Asian economies.
  • Key players in this market include Thermo Fisher
    Scientific, Inc. (U.S.), Merck KGaA (Germany), GE
    Healthcare (U.K.), Lonza Group AG (Switzerland),
    Becton, Dickinson and Company (U.S.), Corning,
    Inc. (U.S.), Eppendorf AG (Germany), Hi-Media
    Laboratories (India), Sartorius AG (Germany), and
    Promocell GmbH (Germany).

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