Cell culture media storage containers refer to vessels designed to maintain the integrity of cell culture media. These containers offer tight-sealing lids or caps to prevent evaporation and maintain optimal conditions for cell growth. The cell culture media storage containers come in various sizes and shapes to accommodate different volumes of media and fit into various laboratory equipment.
Sizing and Forecast
The cell culture media storage containers market size has grown rapidly in recent years. It will grow from $2.18 billion in 2023 to $2.51 billion in 2024 at a compound annual growth rate (CAGR) of 15.1%. The growth in the historic period can be attributed to the demand for cell-based therapies rose, research activities in the life sciences increased, the biopharmaceutical industry grew, the demand for personalized medicine heightened, and the biotechnology sector expanded.
The cell culture media storage containers market size is expected to see rapid growth in the next few years. It will grow to $4.44 billion in 2028 at a compound annual growth rate (CAGR) of 15.3%. The growth in the forecast period can be attributed to expanding regenerative medicine applications, emerging cell therapy technologies, growing demand for 3D cell culture systems, adoption of automated cell culture processes, and increasing focus on cell-based assays. Major trends in the forecast period include increased adoption of single-use systems, development of eco-friendly packaging options, integration of smart technology for monitoring and control, customization and modular designs for flexible use, and emphasis on traceability and quality assurance in storage solutions.
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Segmentation & Regional Insights
The cell culture media storage containers market covered in this report is segmented –
1) By Product: Storage Bag, Storage Bottle, Storage Bin And Drum, Other Products
2) By Application: Biopharmaceutical Production, Tissue Engineering, Diagnostic, Regenerative Medicine
3) By End Use: Pharmaceutical And Biotechnology Companies, Contract Research Organizations And Contract Manufacturing Organizations, Academic And Research Institutes
North America was the largest region in the cell culture media storage containers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cell culture media storage containers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising focus on personalized medicine is expected to propel the cell culture media storage containers market going forward. Personalized medicine, also known as precision medicine, is a medical approach that tailors treatment and healthcare practices to the individual characteristics of each patient. The rising focus on personalized medicine is due to the need for more targeted and effective treatments and advancements in genomics and precision healthcare technologies. Cell culture media storage containers are utilized in personalized medicine formation to maintain and preserve cell cultures, enabling the production of patient-specific therapies and personalized treatments. For instance, in February 2024, according to the Personalized Medicine Coalition, a US-based organization promoting the adoption of personalized medicine, the U.S. Food and Drug Administration approved 16 new personalized treatments for rare disease patients, up from 6 in 2022. Therefore, the rising focus on personalized medicine drives the growth of the cell culture media storage containers market.
Key Industry Players
Major companies operating in the cell culture media storage containers market are Merck KGaA, Thermo Fisher Scientific Inc, FUJIFILM Holdings Corporation, Becton Dickinson and Company, Corning Incorporated, Medline Industries Inc, Avantor Inc, Danaher Life Sciences LLC, Lonza Group AG, Sartorius AG, Bio-Rad Laboratories Inc, Eppendorf AG, STEMCELL Technologies Inc, Greiner Bio-One International GmbH, Hamilton Company, SARSTEDT AG & Co KG, Cole-Parmer Instrument Company LLC, BioLife Solutions Inc, DWK Life Sciences, MP Biomedicals LLC, HiMedia Laboratories Pvt Ltd, OriGen Biomedical Inc, ThermoGenesis Holdings Inc, CELLTREAT Scientific Products, TPP Techno Plastic Products AG
The cell culture media storage containers market report table of contents includes:
1. Executive Summary
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