The global cell and tissue culture supplies market is estimated at USD 16,322.7 million in 2014. It is likely to grow with a CAGR of 9.5% and reach USD 28,108.3 million in 2020.
Albany, NY -- (SBWIRE) -- 09/29/2015 -- Cell culture is the process by which cells are grown under appropriate conditions. It involves cultivation of plant or animal cells under favorable lab conditions. Cell tissue culture requires a suitable cell or tissue which is grown in a suitable medium under aseptic conditions along with various regulators that maintain the growth of cells. In addition, the availability of various nutrients has to be checked regularly so that subculturing can be performed as and when the need arises. Cell and tissue culture has its applications in various fields, such as treatment of diseases, production of vaccines and antibodies, drug discovery, and others. Cell and tissue culture supplies refer to the equipment that is required for culturing. Globally, factors such as increasing R&D in the field of cell and tissue engineering and rising number of cell and tissue culture applications have helped in the growth of cell and tissue culture supplies market.
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North America dominates the global cell and tissue culture supplies market. The U.S. represents the largest market for cell and tissue culture supplies, followed by Canada, in North America. This is due to technological advancement and increasing R&D in the field of cell and tissue culture in the region. Asia is expected to experience high growth rates in the next five years in the global cell and tissue culture supplies market. This is due to increasing outsourcing of biopharmaceutical in the region. In addition, improving research infrastructure is also supporting in the growth of cell and tissue culture supplies market in the region. China and India are expected to be the fastest growing cell and tissue culture supplies markets in Asia.
Some major factors that are driving the global cell and tissue culture supplies market are growing applications of cell and tissue cultures, increasing R&D in the field of cell and tissue engineering, and rising demand for biopharmaceuticals and artificial organs. In addition, factors such as increasing awareness about cell and tissue culture techniques and growing prevalence of chronic diseases are also driving the global cell and tissue culture supplies market. However, factors such as strict license and accreditation procedures, complexity in cell culture techniques, and high cost and affordability issues are restraining the global cell and tissue culture supplies market. Increasing popularity of contract research and serum-free, specialty, and customized media solutions are some of the latest trends that have been observed in the global cell and tissue culture supplies market.
Some of the major companies dealing in the global market for cell and tissue culture supplies market are Thermo Fisher Scientific, Inc., BD Diagnostics, EMD Millipore, Corning, Inc., Lonza Group, and others.
This report provides in-depth analysis and estimation of the cell and tissue culture supplies market for the period 2014 to 2018, considering 2013 as the base year for calculation. In addition, data pertaining to current market dynamics, including market drivers, restraints, trends, and strategic developments has been provided in the report. The cell and tissue culture supplies market is categorized on the basis of segments, types of consumables, types of instruments, applications, and geography. Based on segments, the cell and tissue culture supplies market comprises consumables and instruments. Based on consumable type, the market comprises media, reagents, sera, contamination detection kits, cryoprotective agents, and others. Based on media type, the market comprises classical media, lysogeny broth, chemically defined media, specialty media, serum-free media, and protein-free media. Based on reagent type, the market comprises growth factors and cytokines, albumin, amino acids, thrombin, and protease inhibitors. Based on instrument type, the market comprises culture systems, biosafety cabinets, incubators, cryostorage equipment, roller bottle equipment, and pipetting instruments. Based on culture system type, the market comprises tissue culture flasks, multiple well plates, roller bottles, bioreactors, culture bags, and culture dishes.
In the geographical analysis, the report identifies and analyses the market size and forecast for North America, Europe, Asia, and Rest of the World (Row). North America is further segmented into the U.S., Canada, and rest of North America. Similarly, Europe is further segmented into Germany, the U.K., France, Italy, Spain, and rest of Europe. Asia is further segmented into Japan, China, India, and rest of Asia. Some of the major players in the e-cell and tissue culture supplies market are Thermo Fisher Scientific, Inc., BD Diagnostics, EMD Millipore, Corning, Inc., and Lonza Group. These key market players have been profiled on the basis of attributes such as company overview, recent developments, growth strategies, sustainability, and financial overview.
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