The Cell Culture Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cell Culture Global Market Report 2024, The cell culture market size has grown rapidly in recent years. It will grow from $27.66 billion in 2023 to $30.67 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to increasing demand for cell culture products, growing vaccine production, growing demand for 3d cell culture, demand for cell culture consumables.
The cell culture market size is expected to see rapidly grown in the next few years. It will grow to $48.33 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to expansion of cell therapy, precision medicine, globalization of research and production, cell-based assays. Major trends in the forecast period include advances in cell culture technology, bioprocessing technologies, advanced cell imaging, integration of automation, biomanufacturing data management.
The rise in demand for cell therapy is expected to drive the cell culture market growth. In cell therapy, viable cells are injected or implanted into a patient’s body to cure a medicinal disease. Cell culture is a vital step in any cell-based therapy. For instance, in February 2023, according to reports published by Gilead Sciences Inc., a US-based pharmaceutics company, cell therapy product sales surged by 75%, reaching $419 million in the fourth quarter of 2022 compared to the corresponding period in 2021. Cell culture is used in the development, manufacture, and commercialization of cell therapies and holds the potential to revolutionise the healthcare industry for the treatment of various diseases. Hence, a surge in the demand for cell therapy aids in the growth of the cell culture market.
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The cell culture market covered in this report is segmented –
1) By Type: Primary Cell Culture, Secondary Cell Culture, Cell Line
2) By Media: Natural, Artificial
3) By Applications: Stem Cell Technologies, Cancer Research, Biopharmaceutical, Tissue Engineering & Regenerative Medicine, Other Applications
The launch of custom-designed charge cards is a key trend gaining popularity in the charge card market. A custom-designed charge card is a type of credit card that is designed as per the requirement of the customer. Customer can create their own custom design or choose from one of pre-made designs from the supplier. For example, in November 2022, Unit, a US based banking-as-a-service platform, launched a custom-designed charge cards for its own end users. Small Businesses, who are the customers of Unit, can offer their customers a charge card, credit card, revolving loan, or any other credit products that Unit’s bank partners offer. On the back end, Unit will handle card printing, compliance and, once the card is in use, transaction tracking as well.
The cell culture market report table of contents includes:
- Executive Summary
- Cell Culture Market Characteristics
- Cell Culture Market Trends And Strategies
- Cell Culture Market – Macro Economic Scenario
- Global Cell Culture Market Size and Growth
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- Global Cell Culture Market Competitive Benchmarking
- Global Cell Culture Market Competitive Dashboard
- Key Mergers And Acquisitions In The Cell Culture Market
- Cell Culture Market Future Outlook and Potential Analysis
- Appendix
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