Growing demand for Cell Culture-based Vaccine to propel the global Cell Culture Market
In molecular and cellular biology, cell culture acts as a significant tool for biological research. Today, most biotechnology products are primarily reliant on the mass culturing of animal cell lines. Cell cultures have found applications in diverse areas and serve as a model system for numerous research efforts.
An increase in funding from the government for cell-based research is significantly triggering the growth of the global cell culture market. In addition to this, cell culture techniques are widely used as an alternative to current egg-based strategies for the development of cell-based vaccines. With an increase in communicable diseases and the risk of a pandemic, cell culture has potential applications in the development of viral vaccines. Thus, cell culture technology is been extensively used in the development of U.S-licensed vaccines such as vaccines against rubella, smallpox, chickenpox, hepatitis, rotavirus, and polio. All such factors coupled with the growing prevalence of chronic diseases leading to a surge in demand for monoclonal antibodies and growing use of single-use technologies are escalating the growth of the global market.
Growing demand for cell culture products including equipment, reagents, and cell culture medium from academic and research institutes is fuelling the growth of the market. Moreover, the growing demand for 3D cell culture, major players focusing to expand the business in untapped regions, and the launch of new cell cultures are strengthening the growth of the global market. In March 2021, Thermo Fisher Scientific announced launch of new Gibco Human Plasma-like Medium (HPLM). It mimics the metabolic profile of human plasma and is the first cell culture medium that is especially designed to enable the researchers to get a realistic view of cell growth in the human body. Furthermore, growing demand for Covid-19 vaccine due to the rapid spread of deadly coronavirus will generate ample opportunities for the growth of the global market during the forecast period.
The global cell culture market is segregated based on product, application, end-user, and region. The product segment is bifurcated into consumables and instruments. The application segment is divided into stem cell technology, tissue engineering & regenerative medicine, drug screening & development, cancer research, and others. The end-user comprises pharmaceutical & biotechnology companies, research institutes, and others.
Regionally, North America is estimated to dominate the global cell culture market during the forecast period. This is majorly due to increase in cell culture-based vaccine approvals, growing demand from research institutes, and the growing prevalence of chronic diseases. Asia Pacific is predicted to grow rapidly during the forecast period. This is attributed to the increase in government funding for research purpose and the growing demand for cell culture products.
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Thermo Fisher Scientific, Becton, Dickinson and Company, Lonza Group AG, Danaher Corporation, GE Healthcare, Merck KGaA, Sartorius AG, HiMedia Laboratories, Eppendorf, and Corning Incorporated are some of the prominent players that are operating in the global cell culture market.
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