Global Cell Culture Protein Surface Coatings Market to Exhibit Promising 13.60% CAGR from 2014 to 2020
Albany, NY -- (SBWIRE) -- 04/30/2018 -- A new market research report has been recently published by Transparency Market Research, titled "Cell Culture Protein Surface Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020". The report presents a market overview, product segmentation, market drivers and restraints, geographical segmentation, and the competitive landscape of the global cell culture protein surface coatings market.
According to the research report, in 2013, the global market for cell culture protein surface coatings was worth US$256.2 mn and is estimated to reach a value of US$623.4 mn by the end of 2020. This market is projected to exhibit a progressive 13.60% CAGR between 2014 and 2020.
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Increasing investments by major players and governments in the research and development of stem cell is the key factor boosting the demand for cell culture protein surface coatings in the global market. In addition, the commercial manufacture of biologics such as antibodies, proteins, and vaccines and drugs, with the help of cell cultures has helped extensively in inflating the scope of the cell culture technique globally. It has also offered vast business opportunities for the manufacturing companies in the global cell culture protein surface coatings market. Diversity in the applications of stem cells, such as the development of artificial tissue and bone grafts, is further estimated to propel the global market for cell culture protein surface coatings through the forecast period. Moreover, the increasing applications of cell culture in cell-based assays and toxicology studies are further fueling the growth of the market.
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On the basis of protein source, the global market for cell culture protein surface coatings has been classified into animals, plants, synthetic proteins, and human proteins. The synthetic protein source segment is estimated to exhibit a progressive 13% CAGR between 2014 and 2020. The high growth rate of this segment can be attributed to the growing demand for animal-free surface coatings in several countries in Europe and North America. On the basis of the type of coating, the global market for cell culture protein surface coatings has been divided into pre-coating and self-coating. The pre-coating segment is further sub-categorized into cover slips, flasks, micro-well/multi-well plates, slides, and petri dishes. Among the two major types, in 2013, the self-coating segment held a dominant share in the global market and is expected to remain in that position in the forecast period.
On the basis of geography, the global market for cell culture protein surface coatings has been segmented into Europe, North America, Asia Pacific, and Rest of the World. In 2013, the North America regional market held a 40.90% share in the overall cell culture protein surface coatings market. The rapid development of biotechnology and healthcare infrastructure and increased activities for drug discovery have fueled the Asia Pacific market for cell culture protein surface coatings. This region is projected to exhibit a significant 15.40% CAGR between 2014 and 2020.
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Furthermore, the research report covers the competitive landscape of the global market for cell culture protein surface coatings and details the company profile, contact information, business strategies, mergers and acquisitions, financial overview, and recent development of key players. Some of the prominent players operating in the global market for cell culture protein surface coatings are Merck Millipore, Greiner Bio-One International AG, Corning Incorporated, Thermo Fisher Scientific, Inc., Sartorius Stedim Biotech SA, Viogene BioTek Corporation, and Sigma-Aldrich Corporation.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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