According to a new report published by Allied Market Research, titled "Cell Culture Market by Product, Application, and End User: Opportunity Analysis and Industry Forecast 2020-2027," the global cell culture market reached 16,107.7 million and 2019, and is expected to reach $36,926.80 million by 2027, registering a CAGR of 10.9% from 2020 to 2027.
Major Key Market Players In The Industry Are -
Becton
Dickinson and Company
Corning Incorporated
Eppendorf
Sartorius AG
Merck KGaA
Lonza Group AG
PromoCell GmbH
Danaher Corporation
Thermo Fisher Scientific
HiMedia Laboratories
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North America gets the lion's share -
By region, the North American market had the largest share in 2019, accounting for more than two-fifths of the market, due to the ease of cell culture applications and consumption and the presence of many major players and manufacturers. cancer. to do research.
However, the global stem cell culture market in Asia Pacific is estimated to register the highest CAGR of 12.8% during the forecast period, due to the increasing use of cell culture techniques, developing R&D sector and increasing research funding. . However, Asia-Pacific is expected to show the fastest growth rate due to increased awareness related to the use of cell culture techniques, development of R&D institutions and increase in research funding. In addition, the focus of leading manufacturers on expanding their regional presence in the emerging Asia-Pacific countries to capture the market share is expected to boost the growth of the cell phone market in the region.
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Key findings of the study –
By product, the consumer segment accounted for 68.5% of the global cell culture market in 2019.
By application, the cancer research sector is expected to grow at the highest CAGR during the forecast period.
By end user, the pharmaceutical and biotechnology sector accounted for 61.8% market share in 2019. By region, Asia-Pacific is expected to witness the highest growth during the forecast period.
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