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15-Jan-2021

Cell and Tissue Culture Supplies Market Growth With Healthy CAGR of 8.9% to reach US$ 53,065.9 Million till 2027, Owing to Increasing Prevalence of Chronic Diseases

Cell and tissue culture finds application in biotechnology, cell therapy, and regenerative medicine field. Successful plant cell/tissue culture requires high quality and dependable culture media. 3D cell proliferation, cell preservation and storage, stem cell/tissue engineering, cell/tissue culture, cell visualization, and scale-up cell culture are some of the process in cell and tissue culture.

Statistics:

The global cell and tissue culture supplies market is estimated to account for US$ 53,065.9 Mn in terms of value by the end of 2027

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Global Cell and Tissue Culture Supplies Market: Drivers

Increasing application of cell and tissue culture is expected to boost growth of the global cell and tissue culture supplies market over the forecast period. Cell and tissue culture has found varied applications in the fields of medicine, biotechnology, and agriculture. In the medical field, it is used in wound management and toxicology testing. In case of wound repair, cell and tissue engineering has been used for preparing artificial skin for the treatment of burns and other skin problems. Cell and tissue engineering also finds application in agriculture and biotechnology for the development of new strains of cereals, food crops, flowers, and vegetables with enhanced characteristics.

Global Cell and Tissue Culture Supplies Market: Restraints 

High expenses involved in cell and tissue culture and lack of skilled professionals for handling these cultures is expected to restrain the market growth. The process of cell and tissue engineering comprises several steps such as cell isolation, cell culturing, preservation, and others. These steps require maintenance of certain specific environments as well as skills to handle cultures. Maintenance of such environments is costly, which in turn increases the price of cell and tissue culture-derived products.

Key Takeaways:

The Instruments segments in global cell and tissue culture supplies market was valued at US$ US$ 13,997.6 Mn in 2019 and is forecast to reach a value of US$ 27,787.4 Mn by 2027 at a CAGR of 8.9% between 2019 and 2027. Increasing prevalence of chronic diseases is also expected to aid in growth of the market during the forecasted period.

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Biopharmaceutical production sub segment under application segment held dominant position in the global cell and tissue culture supplies market in 2019, accounting for 27.6% share in terms of value, followed by Vaccine Production, and Drug Screening & Development respectively. The growth of the segments is attributed to increasing investment in pharmaceutical industry in developing economies such as India during the forecasted period.

Market Trends

Major companies are focused on offering various discounts to enhance their market share. For instance, till December 2020, VWR International, LLC announced to offer a free vortex mixer on the purchase of 3 units of the product.

Major players in the market are also focused on adopting investment strategies to enhance their market share. For instance, in November 2019, Thermo Fisher Scientific announced to invest US$ 24 million in its Inchinnan, Scotland, site to expand global bioproduction capabilities with additional large-volume liquid manufacturing capacity for cell culture media.

Global Cell and Tissue Culture Supplies Market: Competitive Landscape

Major players operating in the global cell and tissue culture supplies market include Becton, Dickinson and Company, Merck KGaA, Corning, Inc., Lonza Group, Eppendorf AG, Thermo Fisher Scientific, Inc., Affymetrix, Inc., GE Healthcare, VWR International, LLC, and  WHEATON Industries, Inc.

Global Cell and Tissue Culture Supplies Market: Key Developments 

October 2019: Eppendorf launched re-designed version of compact ultra-low temperature freezer CryoCube F101h (230 V) on future-proof green cooling liquids and green insulation foam

August 2019: Thermo Fisher Scientific launched easy-to-handle, sustainable plate design for prepared culture media products in the U.S. and Canada

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Segmentation

Scope of the report

  • Cell and Tissue Culture Supplies Market, By Product Type:
    • Consumables Products
      • Media
        • Classical Media
        • Lysogeny Broth
        • Chemically Defined Media
        • Specialty Media
        • Serum Free Media
        • Protein Free Media
      • Reagents
        • Growth Factors & Cytokines
        • Albumin
        • Amino Acids
        • Thrombin
        • Protease Inhibitors
        • Others
      • Sera
        • Fetal Bovine Serum
        • Others
      • Contamination Detection Kits
      • Cryoprotective Agents
    • Instruments
      • Culture Systems
      • Biosafety Cabinets
      • Incubators
      • Cryostorage Equipment’s
      • Roller Bottle Equipment’s
      • Pipetting Instruments
      • Others
  • Cell and Tissue Culture Supplies Market, By Application:
    • Biopharmaceutical Production
    • Vaccine Production
    • Drug Screening & Development
    • Gene Therapy
    • Toxicity Testing
    • Cancer Research
    • Others
  • Cell and Tissue Culture Supplies Market, By Region:
    • North America
      • By Product Type:
        • Consumables Products
          • Media
            • Classical Media
            • Lysogeny Broth
            • Chemically Defined Media
            • Specialty Media
            • Serum Free Media
            • Protein Free Media
          • Reagents
            • Growth Factors & Cytokines
            • Albumin
            • Amino Acids
            • Thrombin
            • Protease Inhibitors
            • Others
          • Sera
            • Fetal Bovine Serum
            • Others
          • Contamination Detection Kits
          • Cryoprotective Agents
        • Instruments
          • Culture Systems
          • Biosafety Cabinets
          • Incubators
          • Cryostorage Equipment’s
          • Roller Bottle Equipment’s
          • Pipetting Instruments
          • Others
      • By Application:
        • Biopharmaceutical Production
        • Vaccine Production
        • Drug Screening & Development
        • Gene Therapy
        • Toxicity Testing
        • Cancer Research
        • Others
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
      • By Application:
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
      • By Application:
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
      • By Application:
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
      • By Application:
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
      • By Application:
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
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Last Updated: 15-Jan-2021