Cell Culture Consumables Market
Number of pages: 100 | Report Format: PDF | Published date: February 07, 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 |
|
CAGR |
11.5% |
|
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 Plus Reports, the global cell culture consumables market was valued at US$ 21.0 billion in 2021 and is expected to register a revenue CAGR of 11.5% to reach US$ 55.93 billion by 2030.
Cell Culture Consumables Market Fundamentals
Cell culture is an important technique in cellular and molecular biology as it allows researchers to study biology, biochemistry, physiology (e.g., aging), and the metabolism of both healthy and diseased cells. The interaction and route of infection between wild-type cells and pathogenic pathogens (such as bacteria and viruses) can also be analyzed in certain cocultures. Cell culture tools can 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 such as 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 providing nutrients, such as sugar water (bacteria) or serum-based solutions. They can also be purchased with antibiotics to prevent bacterial contamination during handling and usage. Almost every form of cell culture vessel, as well as support consumables, such as tubes and pipettes, are 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.
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Cell Culture Consumables Market Dynamics
The growing demand for personalized medicine, the rise in demand for vaccines, biopharmaceuticals, and artificial organs, advancements in technology, and the launch of new products and consumables are expected to drive revenue growth in the market during 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 reach 30.2 million by 2040. As 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 activities by pharmaceutical and biopharmaceutical companies contribute significantly to revenue growth in the global market. According to a 2022 report by the European Federation of Pharmaceutical Industries and Associations, the pharmaceutical industry in Europe spent EUR 39,656 million on research and development in 2018. This expense was 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 revenue growth in the market. 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.
Cell Culture Consumables Market Ecosystem
The global cell culture consumables market has been analyzed from three perspectives: type, application, and region.
Cell Culture Consumables Market by Type
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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 accounts for the highest revenue share 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 revenue CAGR during the forecast period, owing to the increasing importance of albumin in transporting serum-derived compounds that sustain mammalian cultures. Other reagents, such as 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 the segment’s revenue growth significantly during the forecast period.
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 dominates the market. As 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 developments of several grafting techniques and personalized treatment options have helped in the revenue growth of the biopharmaceutical segment.
The vaccine production segment is expected to grow at a profitable revenue 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, the vaccine production application segment of the market is projected to impact industry revenue 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 dominates the global cell culture consumables market. The COVID-19 pandemic in 2020 has significantly boosted the North America cell culture consumables market. Rise in investments in research investigations on the mechanisms driving COVID-19 disorders propels the cell culture consumables industry forward. Furthermore, the rising need for personalized medicine in the United States and presence of numerous major market players in the region have contributed considerably to the expansion of the North America cell culture consumables market. According to the American Cancer Society's 2022 statistics, the United States was expected to see an estimated 1,918,030 new cancer cases in 2022. As 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 revenue growth.
The market in Asia Pacific is expected to show the fastest revenue growth during the forecast period. This can be attributed to rise in the presence of pharmaceutical companies and several top contract research organizations in the regional countries, such as India, China, South Korea, and Japan. During the forecast period, research laboratories and academic research institutions are expected to increase the number of drug discovery activities and demand for cell culture techniques. This factor is projected to positively impact the revenue growth of the Asia Pacific cell culture consumables market. The growing healthcare expenditure, rising awareness regarding cell and gene therapies, a large potential for clinical research applications, and growing adoption of scientific technologies and novel therapeutics, such as regenerative medicines and cancer immunotherapies, are expected to boost industry revenue growth in the near future.
Cell Culture Consumables Market Competitive Landscape
The prominent market players operating in the global cell culture consumables market include:
Cell Culture Consumables Market Strategic Developments
Asia Pacific is the key revenue growth region in the global cell culture consumables market.
The advances in cell culture consumables, particularly in terms of equipment innovation, and demand for innovative therapies, such as biosimilars, are likely to drive revenue growth in the global market.
The global cell culture consumables market is expected to be valued at US$ 55.93 billion by 2030.
The global cell culture consumables market is expected to register a revenue CAGR of 11.5% during the forecast period from 2022 to 2030.
The equipment segment is expected to register revenue growth at the fastest CAGR during the forecast period.
*Insights on financial performance are subject to availability of the information in the public domain