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NEW YORK , June 14, 2022 /PRNewswire/ — Cell culture is a process of growing cells under controlled or in-vitro conditions. The cell culture process is used to study basic cell biology, biochemistry, and the interaction between cells and disease-causing agents such as bacteria and viruses .
Technavio estimates that the cell culture market size will grow by USD 13.00 billion from 2020 to 2025. The growth momentum of the market will accelerate at a CAGR of 10.67% during the forecast period.
Get a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format
Porter’s Five Forces Analysis
- Threat of Rivalry
The global cell culture market is highly competitive owing to the presence of several small and large players. The market is concentrated, and vendors are differentiating themselves by offering value-added services and competitive pricing. Hence, the threat of rivalry is expected to be high during the forecast period.
The Report offers information on all the Porter’s Five Forces. Buy Now to gain insights that will help you improve your business.
Vendor Landscape
The global cell culture equipment market is dominated by a few well-established manufacturers. Major players are focusing on developing innovative products and are constantly increasing their R&D investments. The established vendors have started acquiring smaller and regional players to enhance their global reach. The market will also witness the entry of several new players, which will intensify the level of competition. Some of the key vendors operating in the market include Merck KGaA, Bio-Techne Corp., Corning Inc., Danaher Corp., and General Electric Co.
The report provides a full list of key vendors, their strategies, and the latest developments. Request a PDF Sample Now
Market Segmentation
The cell culture market has been segmented by product into consumables and equipment. The consumables segment will have significant market share growth during the forecast period. This is due to factors such as high availability, vast applicability, repeated usage, and low price.
By geography, the market has been segmented into North America, Europe, Asiaand ROW. North America will have the highest market growth during the forecast period. The growth is attributed to factors such as the presence of major companies such as Becton, Dickinson and Co. (BD,) Corning, Danaher, and Thermo Fisher Scientific, which are investing in new manufacturing facilities.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a PDF Sample Report
Key Drivers and Trends
The increase in infectious diseases will drive the growth of the cell culture market during the forecast period. There have been several cases of viral infections such as Ebola, severe acute respiratory syndrome (SARS), swine flu, Zika, Lassa fever, and COVID-19. The preference for cell-based vaccines have increased to treat such diseases.
The rising demand for monoclonal antibodies is a trend in the market. There is a high demand for antibiotic treatment with the growing prevalence of chronic diseases. Large manufacturers have built large-scale manufacturing plants that contain multiple cell culture bioreactors for antibody production, which is fueling the global cell culture market .
Apart from the rising demand for monoclonal antibodies, many other trends are also shaping the future of the market. View PDF Sample Report to learn about these trends
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