Culture Media Market Size to Reach USD 11.10 Billion in 2028 Growing at a CAGR of 9.3%, According to Latest Analysis by Emergen Research

Emergen Research has published its latest report titled “Culture Media Market, By Type, By Research Type, By Application, By End-use, and By Region Forecast to 2028”

According to Emergen Research, the global culture media market size was USD 5.43 Billion in 2020 and is expected to reach USD 11.10 Billion in 2028 and register a revenue CAGR of 9.3% during the forecast period, 2021-2028.

Market Dynamics:

A culture media is considered crucial for a range of microbiological tests, including the procurement of pure cultures, growing and counting of microorganisms, and cultivation and separation of microbes. It plays an important role in the culture environment as it provides the essential nutrients, hormones for cell growth and, growth factors, as well as regulate pH and osmotic pressure of the culture. Increasing awareness regarding benefits of culture media is a major factor expected to boost market revenue growth over the forecast period.

In addition, biopharmaceutical companies are transitioning away from traditional chemical synthesis and toward genetic modification of living organisms in order to meet increasing demand for biologics and vaccines for effective drug development. Further, antibody treatments typically require massive dosages over a lengthy period of time, therefore, production capacity is a challenge. As a result, therapeutic compounds must be synthesized in large numbers in a timely and cost-effective manner to meet clinical needs and permit commercialization. The use of the cell culture technique also helps to manage the uniformity and quality of the medicine compounding process, as well as allowing for large-scale production which drives market growth. However, lack of skilled professionals, and unfavorable government regulations are factors that can restrain market growth to a certain extent during the forecast period.

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COVID-19 Impact Analysis

  • Social distancing and restrictions severely disrupted businesses and operations
  • Lockdowns caused disruptions in transportation and logistics
  • Impacted manufacturing activities and mining operations globally
  • Took a toll on economy of various countries
  • Caused sudden and drastic downturn in economic activity
  • Disrupted agriculture, fisheries, dairy, and other sectors
  • Caused loss of employment and financial crisis
  • Supply impacts were further compounded owing to reduced disposable income
  • Emergence of variants continue to cause concerns and impact normal routines

Regenerative Medicine Segment Revenue to Expand at a Rapid CAGR:

Regenerative medicine segment is expected to register a rapid revenue CAGR over the forecast period attributed to increasing pipeline of regenerative medicine products, rising prevalence of chronic diseases such as cancer and diabetes, increasing research activities on development of cell and gene therapies and tissue engineering and advancement in monitoring surgical technologies.

Cell Therapy Segment to Register Significant Revenue Growth:

Cell therapy segment is expected to register significant revenue growth over the forecast period owing to increasing clinical studies on cell-based therapies, rising private funding on use of human cells for cell therapeutics research, government emphasis on cell based research due to rising cases of chronic diseases, and technological advancements in biopharmaceutical companies.

North America to Account for Largest Revenue Share:

North America is expected to account for largest revenue share in the global market over the forecast period due to increasing investments in R&D of novel culture media solutions, and rapid adoption of advanced technologies in the healthcare sector. Further, increasing number of drug failures and high healthcare expenditure are some factors expected to contribute to market growth in the region.

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Major Companies in the Market Include:

  • Becton
  • Dickinson, and Company
  • Lonza Group AG
  • Danaher Corporation
  • Himedia Laboratories
  • Thermo Fisher Scientific Inc.
  • CellGenix GmbH
  • Merck KGaA
  • STEMCELL Technologies Inc.
  • Corning Incorporated
  • Infors AG

For the purpose of this report, Emergen Research has segmented the global culture media market on the basis of type, research type, application, end-use, and region:

Type Outlook (Revenue, USD Billion; 2018–2028)

  • Chemically Defined Media
  • Lysogeny Broth
  • Classical Media
  • Specialty Media
  • Serum-free Media
  • Stem-cell Media
  • Custom Media Formulation
  • Others

Research Type Outlook (Revenue, USD Billion; 2018–2028)

  • Cell Therapy
  • Cytogenetics
  • Others

Application Outlook (Revenue, USD Billion; 2018–2028)

  • Cancer Research
  • Drug Discovery
  • Regenerative Medicine
  • Tissue Engineering
  • Others

End-use Outlook (Revenue, USD Billion; 2018–2028)

  • Pharmaceutical Company
  • Research Laboratory
  • Academic Institute
  • Others

Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/culture-media-market

Regional Outlook (Revenue, USD Billion; 2018–2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Turkey
    • Rest of MEA

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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