Advance cultivation technique wherein cells are removed from animals or plants for their cultivation, propagation, and subsequent growth in an artificial environment is known as cell culture.
Major factors driving growth of the global cell culture market are increasing adoption of cell culture techniques for development of biopharmaceuticals and other vaccines and increasing demand for monoclonal antibodies and biosimilar products. A major factor restraining growth of the global cell culture is high capital investment.
The global market is segmented on the basis of consumables, product, application, and region. On the basis of consumables, the global market is segmented into media, sera, and reagents. The media segment accounts for highest share in terms of revenue in the global market and is expected to witness highest growth in terms of revenue during the forecast period.
On the basis of product, the global market is segmented into culture systems, incubators, centrifuges, pipetting instruments, biosafety equipment, and cryostorage equipment. The culture system accounts for highest revenue share in the global market.
On the basis of application, the global market is segmented into biopharmaceuticals, cancer research, drug development, gene therapy, tissue culture & engineering, toxicity testing, and vaccine production. The biopharmaceuticals segment accounts for highest revenue share in the global market.
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On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts for highest revenue share in the global market. This dominance can be attributed to increasing investment for cell-based research and presence of major players in this region. The Asia Pacific market is expected to witness highest growth in terms of revenue during the forecast period.
Key players in the global market are Thermo Fisher Scientific Inc., Merck KGaA, GE Healthcare, Lonza Group AG, Becton, Dickinson and Company, Eppendorf, HiMedia Laboratories, Sartorius AG, Promocell GmbH, Irvine Scientific, Invivogen, Cellgenix GmbH, Miltenyi Biotec, and other prominent players.