Exploring the Booming Cell Culture Market valuation of around US$ 88.6 billion by 2033: Revolutionizing Biotechnology | FMI Report

In the world of biotechnology, Cell Culture Market has become an indispensable tool for researchers and scientists. It involves growing and maintaining cells outside their natural environment, providing a controlled environment for studying their behavior and developing various applications. The cell culture market has witnessed significant growth in recent years, driven by advancements in technology, increasing research activities, and a rising demand for biopharmaceuticals.

The applications of cell culture have expanded across multiple sectors, including pharmaceuticals, biotechnology, regenerative medicine, and academic research. Cell culture techniques play a crucial role in drug discovery and development, allowing researchers to study the efficacy and toxicity of new compounds. Additionally, cell culture-based production of biopharmaceuticals has gained immense popularity, leading to increased demand for cell culture products and services.

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The global cell culture market size is valued at US$ 29.0 billion in 2023 and is anticipated to reach a valuation of US$ 52.9 billion by 2033. The global cell culture market has experienced substantial growth, and the trend is expected to continue in the coming years. Factors driving this growth include increasing investments in research and development, growing demand for biologics, and a surge in chronic diseases. Moreover, the advent of advanced bioreactor systems and automated cell culture techniques are projected to further propel market expansion.

As per FMI, the key market drivers during the forecast period are:

• Acceleration in the pace of research and development activities aiding mass production of biopharmaceuticals
• Rising demand for advanced cell culture-based products
• Wide utility across pharmaceutical companies, research institutes, and food development
• Chronic diseases that warrant innovations in biopharmaceuticals
• Rising consumer demand for monoclonal antibodies (mAbs)

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Cell Culture Application in Pharma & Health is Key to Market Growth

Currently, innovations are driving the market growth. Because various end-user segments are investing heavily in cell culture research and development, the demand for advanced variants of cell culture products is on the rise. Similarly, there is an increasing need for novel therapeutics like biosimilars that positively impact market prospects.

All these factors have collectively carved out a niche application of cell culture across the pharma and healthcare sector. This is primarily fueled by the consistent rise in cancer, renal diseases, diabetes as well as cardiovascular diseases. With consumer demand for advanced treatment options rising, cell culture can create lucrative avenues for the pharma & healthcare sectors to prosper.

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Key Takeaways from the Report:

• Between 2017 and 2022, the market recorded a CAGR of 13.5%, attaining a valuation of US$ 25.4 billion by 2022.
• During the forecast period, the United States market is projected to expand at a CAGR of 11.6% and reach a valuation of US$ 31.4 billion by 2033.
• Between 2023 and 2033, the United Kingdom market is expected to record a CAGR of 10.9%, to attain a valuation of US$ 3.7 billion by 2033.
• The consumables segment is projected to register a CAGR of 11.4% during the forecast period.
• The biopharmaceutical production segment is anticipated to witness a CAGR of 11.1% during the forecast period.

Key Market Developments:

• In January 2022, Cytiva (Danaher Corporation) announced its collaboration with Nucleus Biologics. This can be an important step towards developing custom culture media for cell as well as gene therapies.
• In February 2022, KromaTiD enhanced its services by venturing into cell and blood culture isolation, and processing, coupled with quality control services

Key Players:

• Danaher Corporation
• Thermo Fisher Scientific
• Becton
• Dickinson and Company
• Corning Incorporated
• Merck KgaA
• PromoCell GmbH
• Sartorius AG

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Key Segments

By Product:

• Consumables
  • Sera
  • Media
  • Reagents
  • Vessels
  • Accessories
• Equipment
  • Supporting Equipment
  • Bioreactors
  • Storage Equipment

By Application:

• Biopharmaceutical Production
  • Monoclonal antibodies
  • Vaccines production
  • Other therapeutic proteins
• Diagnostics
  • Drug Screening & Development
    • Tissue Engineering & Regenerative Medicine
  • Cell and gene therapy
• Others

By End User:

• Pharmaceutical & Biotechnology Companies
• Hospitals & Diagnostic Laboratories
• Research & Academic Institutes
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• The Middle East and Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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