Number of pages: 100 | Report Format: PDF | Published date: 07 February, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market size value in 2021 |
US$ 21.0 billion |
Revenue forecast in 2030 |
US$ 55.93 billion |
Growth Rate |
CAGR of 11.5% from 2022 to 2030 |
Base year for estimation |
2021 |
Forecast period |
2022-2030 |
Historical Year |
2020 |
Segments covered |
Type, Application and Region. |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
According to the deep-dive market assessment study by Growth+ Reports, the global cell culture consumables market was valued at US$ 21.0 billion in 2021 and is expected to witness a CAGR of 11.5% during the forecast period from 2022 to 2030.
Market Fundamentals
Cell culture is an important technique in cellular and molecular biology because it allows researchers to study biology, biochemistry, physiology (e.g., ageing), and metabolism of both healthy and diseased cells. The interaction and route of infection between wild-type cells and pathogenic pathogens (e.g., bacteria and viruses) can also be analysed in certain cocultures. Cell culture tools can also be used to test the efficacy of new chemicals, cosmetics, and drug compounds and to assess drug cytotoxicity in specific cell types. Detoxifying cell types like hepatocytes and renal cells are frequently sought after for these objectives. A cell culture consumable is a laboratory product that facilitates the production and management of cells, such as flasks, plates, or beads. Cell culture consumables increase cell growth conditions for tissue cultures or colonies by giving nutrients such as sugar water (bacteria) or serum-based solutions. They can also be purchased with antibiotics to prevent bacterial contamination during handling and use. Almost every form of cell culture vessel, as well as support consumables like tubes and pipettes, is available in single-use, sterile packs. The usage of such plasticware is less expensive than recycling glassware, allows for a greater degree of quality assurance, and eliminates the requirement for cleaning and sterilizing method validation. Plastic tissue culture flasks are typically coated to offer a hydrophilic surface to assist the attachment of anchorage-dependent cells or left untreated to create a hydrophobic surface for cell suspension culture.
[654649854]
Market Dynamics
The growing demand for personalized medicine, as well as the rise in demand for vaccines, biopharmaceuticals, and artificial organs, as well as advancements in technology and the launch of new products and consumables, are driving the market's growth over the forecast period. According to GLOBOCAN Statistics, there were an estimated 19.3 million new cancer cases worldwide in 2020, with a projected increase to 30.2 million by 2040. Because the growing cancer burden necessitates precision medicine, the demand for cell culture consumables is expected to rise in the coming years, as cell culture is essential in the development of personalized medicine. Furthermore, increased research and development in pharmaceuticals and biopharmaceuticals contribute significantly to market growth. According to the European Federation of Pharmaceutical Industries and Associations' 2022 report, the pharmaceutical industry in Europe spent EUR 39,656 million on research and development in 2018. This expense is expected to rise to EUR 41,500 million in 2022. With a greater emphasis on research and development, there is a greater need for cell cultures to test the efficacy of drugs, which drives the market growth. Cell culture is a continuous process of advancing layers for the safe manufacture of products such as viral vaccines. Despite this, safety standards for vaccine production are being stiffened to halt the spread of this deadly virus, forcing producers and scientists to create viral vaccines using cell culture products. This factor significantly increased demand for cell culture goods, aiding revenue development, particularly over the predicted year.
Market Ecosystem
The global cell culture consumables market has been analyzed from three perspectives: Type, Application and Region.
Cell Culture Consumables Market by Type
[163941659]
Based on type, the global cell culture consumables market has been segmented into serum, media, reagents, and equipment. The equipment segment is sub-segmented into chamber bioreactors, cell counters, filtration systems, centrifuges, and incubators. The media segment held the greatest revenue share during the predicted period due to the increasing demand for media goods for research and development applications. The availability of serum- and animal-component-free and customized media alternatives has increased media product market penetration. Furthermore, specialized media for stem cell applications are gaining demand, which is projected to drive the segment's expansion. For example, companies such as Thermo Fisher Scientific, Inc. and Sartorius AG provide media products optimized for stem cell culture. The reagents segment is predicted to grow at the fastest CAGR during the forecast period, owing to the growing importance of albumin in transporting serum-derived compounds that sustain mammalian cultures. Other reagents, like antibiotics and amino acids, are increasingly being utilized in primary cultures to maintain a sterile and nutrient-rich environment in the culture systems. These variables are projected to drive segment growth significantly.
Cell Culture Consumables Market by Application
Based on application, the global cell culture consumables market has been segmented into biopharmaceuticals, drug development, gene therapy, tissue culture and engineering, vaccine production, and others. The biopharmaceuticals segment dominated the market during the forecast period. Because mammalian cell lines, such as the Chinese hamster ovary, are used in the production of biopharmaceuticals, and there is a growing need for non-conventional medications, biopharmaceutical uses of cell culture techniques are predicted to rise. Furthermore, the recent development of several grafting techniques and personalized treatment options has expanded the biopharmaceutical domain's growth prospects. Vaccine production is expected to grow at a profitable CAGR during the forecast period due to the increasing importance of culturing techniques for the production of viral vaccines grown using Madin-Darby Canine Kidney, pMK, Vero, or human lines such as HEK 293 and MRC 5. With expedited vaccine approval processes and huge investments in vaccine manufacturing fuelled by the COVID-19 pandemic, vaccine production uses of the method are projected to effect industry growth positively.
Cell Culture Consumables Market by Region
Based on region, the global cell culture consumables market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America dominated the global cell culture consumables market. The recent outbreak of the COVID-19 pandemic in 2020 has significantly boosted the North American cell culture market. Rising investments in research investigations on the mechanisms driving COVID-19 disorders propel the cell culture industry forward. Furthermore, the rising need for personalized medicine in the United States and numerous major market players in the region have contributed considerably to the expansion of the North America cell culture consumables market. For instance, according to the American Cancer Society's 2022 statistics, the United States will see an estimated 1,918,030 new cancer cases in 2022. Because the burden of diseases such as cancer is increasing, there is a greater need for precision medicine, which increases demand for cell culture products and consumables for their development and, as a result, drives the market growth.
During the projection period, the Asia Pacific region will have the fastest-growing market growth. Pharmaceutical companies are becoming more competitive, and several top contract research organizations are present in countries such as India, China, South Korea, and Japan, all of which contribute significantly to the growth of the Asia Pacific cell culture market. During the forecast period, research laboratories and academic research institutions are expected to increase the number of drug discovery activities as well as demand for cell culture techniques, which will positively impact the growth of the Asia Pacific cell culture consumables market. The growing healthcare expenditure, rising awareness regarding cell and gene therapies, and a large potential for clinical research applications. Furthermore, the growing adoption of scientific technologies and novel therapeutics, such as regenerative medicines and cancer immunotherapies, is expected to boost industry growth in the near future.
Competitive Landscape
Some of the prominent market players in the global cell culture consumables market include:
Strategic Development
The Asia Pacific is the key growth region in the global cell culture consumables market.
The advances in the cell culture consumables, particularly in terms of equipment innovation and demand for innovative therapies such as biosimilars, are likely to drive global market expansion.
The global cell culture consumables market is expected to clock US$ 55.93 billion by 2030.
The global cell culture consumables market is expected to witness a CAGR of 11.5% during the forecast period from 2022 to 2030.
The equipment segment is expected witness the fastest growth in the global cell culture consumables market in the coming years.
*Insights on financial performance are subject to availability of the information in the public domain
Using the fundamental research and knowledge services capabilities of GRG Health, Growth Plus Reports may now be tailored based on client needs.
GRG Health's unique GrowthMIX strategy and comprehensive research methodology enable us to provide unique and valuable insights to our clients while uncovering trends that would not be discovered using traditional techniques.