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Culture Media Market Expected to Reach $7,609 Million, by 2025

culture media market was valued at $4,088 million in 2017, and is projected to reach $7,609 million by 2025, growing at a CAGR of 8.0% from 2018 to 2025.

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Culture Media Market Expected to Reach $7,609 Million, by 2025

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  1. Culture Media Market

  2. With respect to the type of media, the error-free reproducibility in results offered by classical media is a significant advantage, which is essential during cancer research and drug development in pharmaceutical and clinical settings. Culture Media Market was valued at $4,088 million in 2017, and is projected to reach $7,609 million by 2025, growing at a CAGR of 8.0% from 2018 to 2025. North America is anticipated to be the highest revenue contributor throughout the forecast period. Get Sample Report

  3. Culture medium is composed of various nutrients to promote the growth, proliferation, maintenance, and storage of microorganisms and other cell types such as stem cells, mammalian, and other cell lines. Different culture media are available in the market for various cell cultures to survive and grow in their incubation environment. The culture media market is anticipated to grow considerably in the near future, owing to different factors such as increase in investments and funding for R&D and innovation in life sciences, especially biopharmaceutical products. In addition, the development of the biosimilar industry significantly contributes toward the growth of the culture media market.

  4. However, scientific and ethical constrains with respect to use of animal-derived products in culture media and dearth of skilled professionals restrict the market growth. Conversely, the emerging markets such as India and China are anticipated to provide lucrative growth opportunities to the market players. By type, lysogeny broth accounted for nearly one-fourth share of the global culture media market in 2017. In terms of application, cancer research accounted for one-third share in 2017, and is projected to exhibit prominent growth rate, owing to its crucial role in drug development. This is attributed to surge in cancer burden both in developed and emerging markets is anticipated to drive the market for cancer research in the forecast period.

  5. Key Findings of the Culture Media Market: • Research laboratories accounted for nearly one-fifth of the share of the culture media market in 2017. • Regenerative medicine and tissue engineering application is anticipated to grow with the highest CAGR throughout the forecast period. • North America accounted for nearly half of the global culture media market share in 2017. • The Asia-Pacific region is anticipated to grow at the highest rate in the culture media market during the analysis period, followed by LAMEA.The Asia-Pacific region is anticipate

  6. The report provides extensive competitive analysis and profiles of key market players, such as Avantor Performance Materials, LLC (VWR International, LLC), Becton, Dickinson and Company (BD), Bio-Rad Laboratories Inc. (Bio-Rad), Caisson Laboratories, Inc. (Caisson Labs), Cell Culture Technologies LLC (Cell Culture Technologies), Corning Incorporated (Corning), Fujifilm Holdings Corporation (Fujifilm), GE Healthcare, HiMedia Laboratories Pvt., Ltd (HiMedia), Lonza Group Ltd (Lonza), Merck & Co., Inc. (Merck), Sartorius AG (Sartorius), Sera Scandia A/S (Sera Scandia), Thermo Fisher Scientific Inc. (Thermo Fisher), and Vitro Diagnostics, Inc. The other players in the value chain (not included in the report) include Takara Bio, Inc. and Cyagen Biosciences, Inc.

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