Cell Culture Market Expected to Reach Usd 11.3 Billion in 2022

According to a new market report published by Transparency Market Research “Cell Culture Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” the global cell culture market was valued at USD 6.1 billion in 2013 and is expected to grow at a CAGR of 7.1% from 2014 to 2022, to reach an estimated value of USD 11.3 billion by 2022.

The global cell culture market is witnessing impressive growth due to the increase in demand for biopharmaceutical products. Since its introduction as an integral part of the life sciences industry, the cell culture market has witnessed significant growth in terms of scope as well as adoption by the end-users. The double-digit growth in the biotechnology and biopharmaceutical industries is the major factor likely to boost the growth of the cell culture market in the near future.

Cell culture is used in molecular and cellular biology and assists in studying the physiology and biochemistry of cells (aging and metabolic studies), the effect of biomolecules and drugs on the cells, and mutagenesis and carcinogenesis studies. Cell culture has a wide range of applications spanning from basic research to drug discovery. The major advantage of using cell culture for these applications is the consistency and reproducibility of results that can be obtained using a batch of clonal cells. The major applications of cell culture include cancer research, biologic manufacturing, gene therapy, recombinant protein, drug screening and monitoring, stem cell research, drug discovery, IVF technology, and disease diagnosis.

The market for cell culture has been segmented into two major product types: cell culture consumables and instruments. The cell culture consumables segment has been sub-segmented into cell culture media, sera, and reagents. Cell culture media was the largest sub-segment of the cell culture consumables segment. Increase in preference for cell culture media that eliminates use of animal derived...