Global cell culture market is expected to exceed USD 42.9 billion by 2026 with a CAGR of 11.8% during the forecast period, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2019-2026.
As a swiftly developing technology, cell culture is increasingly being used to evaluate and treat ailments such as Alzheimer’s and cancer diseases. The technology is also gaining global acceptance in the food & beverages sector. Additionally, it has emerged as one of the most crucial aspects in the development of best-quality plant actives. Companies operating in this business vertical are increasingly expanding their cell reservoir and efficiency by focusing on recruiting more trained experts to gain substantial traction in the market.
At present, the traditional manual handling and development of culture have become incapable of fulfilling the rising demands. This has led to the development of automated high scale cell culture systems that are designed to offer huge output of highly pure cell societies in large quantities. These advancements have positively impacted market growth and are predicted to garner significant traction by 2026.
Based on the report, market growth may also be attributed to the increasing requirement for biopharmaceutical developments, protein generation, and antibodies, which are immensely dependent on cytological R&D where in cell culture plays a key role. Moreover, escalating demand for biopharmaceuticals is expected to sustain market growth over the forecast period.
Due to its profound capabilities, the automated culture systems have significantly improved limit managing, increased outcomes, and reproducible purity levels. In addition, sturdy federal initiatives pertaining to growing speculations by governments and companies in the biopharmaceutical sector and high undiscovered market openings are likely to help support rapid technological development in the segment.
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In terms of consumables, the cell culture sera segment is estimated to capture nearly 45% of the revenue garnered in 2018, primarily due to increasing utilization in cell culture composition and high product prices. It is also likely that the commercialization of sera will significantly contribute to the market growth in the coming years.
Speaking of the geographical landscape, the U.S. and Canada represented the largest market share in 2018, mainly due to various R&Ds pertaining to cytological examination for genomics, proteomics, medication as well as vaccination advancement. Whereas, expanding requirement for biopharmaceuticals is likely to aid local market development over the forecast period.
The Asia Pacific market on the other hand is anticipated to witness considerable growth between 2019 to 2026, owing to the rising demand for boosting manufacturing as well as advancement in medications, vaccinations, and brand-new biologics. Furthermore, helpful federal government initiatives, increasing investments by companies and presence of federal governments in biopharmaceutical production will help augment regional growth.
Major companies operating in the market include General Electric, Merck, Thermo Fisher Scientific, Sigma-Aldrich Co., LLC, Sartorius, Promocell, Becton, Eppendorf, Dickinson & Company (BD), and Lonza. Reportedly, some of the firms are associated with extensive R&D in 3D cell culture as well as complete commercialization of technically advanced cell culture which use greater precision of duplication, enhanced pureness, and quicker development.