Transparency Market Research Report Added "Cell Culture Market" to its database.
Albany, NY -- (SBWIRE) -- 04/17/2015 -- The global cell culture market is currently expected to grow at a CAGR of 10.3% from 2012 to 2018, according to a report published by Transparency Market Research (TMR). The market was valued to be US$8.5 billion in 2012 and if the CAGR holds true, the market should reach an overall value of US$16.85 billion in 2018.
The TMR report, titled "Cell Culture Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018", reveals key aspects to consider while formulating any strategy within the global cell culture market.
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According to the report, the major factor driving the global cell culture market is a shifting preference towards performing drug discovery and evaluation with the help of live model systems. Other drivers include reagents and media free of animal-derived components and biosimilars, and advanced biologics that are produced by biopharmaceutical manufacturers. The growth of the global cell culture market is also attributed to the escalating demand for automated cell culture systems and processes.
"The rise in demand in the global cell culture market is actually expected to create a market shift towards research and manufacturing contracts that will fulfill them in a more efficient manner," states a TMR analyst, based on findings of the research.
The fastest-growing sector in the global cell culture market is serum-free media, which is forecast to register a CAGR of 21.1% from 2012 to 2018. This segment is being fueled by the growing demand for serum-free, chemically-defined, and specialty media. Another segment that is expanding rapidly is bioreactor and culture systems, which is proving to be favorable in terms of both revenue and CAGR.
Life Technologies Corporation held the largest market share in the global cell culture market in 2011. Other key players in the global cell culture market include EMD Millipore, BD, Thermo Fisher Scientific, Inc., Sigma Aldrich Corporation, Lonza Group, Life Technologies Corporation, and Corning Biosciences.
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The report's geographical analysis reveals that the largest regional share in the global cell culture market belonged to North America in 2011. Factors that drive this regional market are presence of a large number of top companies in the field, rising expenses towards healthcare, and easy availability of advanced technologies in the field of biotechnology.
The fastest-growing region in the global cell culture market is Asia Pacific, which is doing so at a CAGR of 15.6%. This regional market is driven by emerging small players that are currently operating at a regional level and lower costs of operation in comparison to developed economies.
Cell culture is largely used in applications such as model systems development for research, analysis of the mechanism of cell structures, and new avenues of drug discovery for treating previously incurable diseases such as Alzheimer's.
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About Transparency Market Research
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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