Culture Media Market Outlook
According to a new report by Expert Market Research titled, “Culture Media Market Size, Share, Analysis, Report and Forecast 2024-2032″, the culture media market reached a value of USD 5.95 billion in 2023. Aided by the escalating demand for various biotechnological applications and the expanding usage of culture media in several industries, the market is projected to further grow at a CAGR of 8.90% between 2024 and 2032 to reach a value of USD 9.92 billion by 2032.
Culture media are essential substances used to grow and control microbes and other cell types such as plant cells and mammalian cells. They are widely used in laboratories for research, microbial cell culture, cytogenetic studies, and several other biological activities. The culture media play a crucial role in maintaining cell health, supporting cell growth, and facilitating specific biological functions.
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The rising preference for advanced biotechnological methods is a significant factor driving the global culture media market growth. The increasing awareness of the benefits linked with biotechnology, such as gene therapy, drug testing and development, and tissue culture, has resulted in a major shift towards its applications. This has led to a surge in demand for culture media-based products. Additionally, the growing interest in research and development activities in the life sciences industry has further boosted the consumption of culture media, as it is a vital part of cell and tissue culture studies.
The widening applications of culture media in different industries also play a pivotal role in pushing the culture media market expansion. In the pharmaceutical and biotechnology industries, culture media are extensively used for drug discovery and development, vaccine production, and genetic engineering. The food and beverage industry uses culture media for the detection of harmful bacteria and other microorganisms, ensuring food safety. Moreover, the diagnostic industry employs culture media for microbial culture to identify and treat various diseases.
Moreover, the growing demand for personalised medicine has necessitated an increased focus on culture media as an integral ingredient for cell therapy. With the rise of regenerative medicine and the growing popularity of stem cell therapies, culture media has surfaced as a vital element in the formulation of personalised medical treatments, thereby accelerating the culture media market development.
Furthermore, the market is poised to be influenced by the increase in funding and investments in the life sciences sector. Governments, research institutions, and private firms are increasingly funding projects involving cell and tissue culture, microbiology, and biotechnology, all of which heavily rely on culture media. This trend is expected to propel the culture media market significantly.
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Culture Media Market Segmentation
The market can be divided based on type, research type, application, end user, and region.
Market Breakup by Type
- Classical Media
- Serum-Free Media
- Speciality Media
- Lysogeny Broth
- Chemically Defined Media
- Stem Cell Media
- Custom Media Formulation
Market Breakup by Research Type
- Cell Therapy
Market Breakup by Application
- Cancer Research
- Regenerative Medicine and Tissue Engineering
- Stem Cell Technology
- Drug Discovery
Market Breakup by End User
- Academic Institute
- Research Laboratory
- Biotechnology and Pharmaceutical Industry
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global culture media companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Avantor, Inc.
- Becton, Dickinson and Company
- Bio-Rad Laboratories, Inc.
- Corning Incorporated
- FUJIFILM Holdings Corporation
- Global Life Sciences Solutions USA LLC (Cytiva)
- HiMedia Laboratories Private Limited
- Lonza Group Ltd
- Merck KGaA
- Thermo Fisher Scientific Inc.
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