Global Cell and Tissue Culture Supplies Market Boosted by Growing Demand for Artificial Organs

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| Source: Variant Market Research

SAN FRANCISCO, Aug. 09, 2017 (GLOBE NEWSWIRE) -- The Global Cell and Tissue Culture Supplies Market Report, published by Variant Market Research, forecast that the global market is expected to reach $36,744 million by 2024 from $17,863 million in 2016, growing at a CAGR of 9.4% from 2016 to 2024. By geography, Asia-Pacific and Europe are expected to grow at a CAGR of 10.5% and 10.0%, respectively, during the forecast period.

The global cell and tissue culture supplies market is majorly driven by rising investments on R&D for cell-based research & tissue engineering, increasing demand for artificial organs, and expanding need for serums & vaccines, among others. Still, complexity of cell culture techniques and moral concern over mismanagement of animals may limit the adoption of cell and tissue culture.

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The global cell and tissue culture supplies market has been bifurcated into type, application, and geography. The type segment includes consumable products (media, sera, reagent, cryoprotective agents, contamination detection kits) and instruments (culture systems, incubators, biosafety cabinets, cryostorage equipment, roller bottle equipment, pipetting instruments and others). Instruments accounted for the highest market share in 2016, whereas consumable products are anticipated to grow at a fastest CAGR from 2016 to 2024. Additionally, the application segment includes vaccine production, toxicity testing, biopharmaceutical production, gene therapy, drug screening & development, and cancer research, among others. Biopharmaceutical dominated the applications segment by largest market share, followed by vaccine production in 2016. In terms of growth, vaccine production is expected to dominate in the forecast period.

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North America, Europe, Asia-Pacific, and Rest of the World (RoW) are the geographical sub segments that the global cell and tissue culture supplies market is categorized into. North America held the major portion in the total global market share in 2016. Asia-Pacific is anticipated to grow at the fastest CAGR from 2016 to 2024. The growth is attributed to rising need for automated cell culture process, increasing demand for drug discovery and an increasing number of people suffering from chronic diseases.

The key players considered in this market are VWR International, Wheaton Industries, Inc., Corning, Inc., GE Healthcare, Thermo Fisher Scientific, Inc., Merck KGaA, Lonza Group AG, Promocell GmbH, Eppendorf AG, and STEMCELL Technologies Inc., among others.

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Scope of the Global Cell and Tissue Culture Supplies Market

  • Consumable Products
         •  Media
             •  Serum Free Media
             •  Classical Media
             •  Specialty Media
             •  Lysogeny Broth
             •  Chemically Defined Media
             •  Protein Free Media
         •  Reagent
             •  Protease Inhibitors
             •  Growth Factors & Cytokines
             •  Thrombin
             •  Albumin
             •  Amino Acids
             •  Other Reagents
         •  Sera
             •  Fetal Bovine Serum
             •  Other Seras
         •  Contamination Detection Kits
         •  Cryoprotective Agents
  • Instruments
         •  Culture Systems
             •  Tissue Culture Flasks
             •  Multiple Well Plates
             •  Roller Bottles
             •  Bioreactors
             •  Culture Bags
             •  Culture Dishes
         •  Incubators
         •  Biosafety Cabinets
         •  Cryostorage Equipment
         •  Roller Bottle Equipment
         •  Pipetting Instruments
         •  Other Instruments

Application Segments

  • Vaccine Production
  • Biopharmaceutical Production
  • Toxicity Testing
  • Gene Therapy
  • Drug Screening & Development
  • Cancer Research
  • Other Applications

Geography Segments

  • North America
         •  U.S.
         •  Canada
         •  Mexico
  • Europe
         •  UK
         •  Germany
         •  France
         •  Italy
         •  Other
  • Asia-Pacific
         •  China
         •  Japan
         •  India
         •  South Korea
         •  Others

  • RoW
         •  South America
         •  Middle East
         •  Africa

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