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.
New York, NY -- (SBWIRE) -- 04/16/2015 -- According to a new market report published by Persistence Market Research "Global Market Study on Cell and Tissue Culture Supplies: Asia to Witness Highest Growth by 2020" the global cell and tissue culture supplies market was valued at USD 16,322.7 million in 2014 and is expected to grow at a CAGR of 9.5% from 2014 to 2020, to reach an estimated value of USD 28,108.3 million in 2020.
Browse the full Global Market Study on Cell and Tissue Culture Supplies: Asia to Witness Highest Growth by 2020 report at http://www.persistencemarketresearch.com/market-research/cell-tissue-culture-supplies-market.asp
Cell culture is the process by which cells are grown under appropriate conditions. Cell tissue culture requires a suitable cell or tissue which is grown in a suitable medium under aseptic conditions along with various regulators to maintain the growth of cells. Globally, the cell and tissue culture supplies market is witnessing significant growth due to increasing R&D in the field of cell and tissue engineering, rising applications of cell and tissue cultures and increasing prevalence of chronic diseases. In addition, increasing demand for biopharmaceuticals and artificial organs and rising awareness about cell and tissue culture techniques are driving the cell and tissue culture supplies market. However, factors such as strict license and accreditation procedures and complexity in cell culture techniques are restraining the global market for cell and tissue culture supplies. In addition, factors such as high cost followed with affordability issues and ethical concerns negatively impact the growth of the global cell and tissue culture supplies market. 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.
North America has the largest market for the global cell and tissue culture supplies market. Instruments are the largest segment in the overall cell and tissue culture supplies market. In consumables market, reagents are the largest segment. In terms of growth, Asia is the fastest growing region, serum-free media is the fastest growing type of media and growth factors and cytokines are the fastest growing type of reagents.
North America market for cell and tissue culture supplies is estimated at USD 8,079.0 million in 2014 and is expected to reach USD 14,079.0 million in 2020, growing at a CAGR of 9.7%. Some of the latest trends that have been observed in the global cell and tissue culture supplies market are the growing popularity contract research and serum-free, specialty, and customized media solutions.
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Thermo Fisher Scientific, Inc. is a leading player in the global cell and tissue culture supplies market, with a share of about 28% in 2013. Some of the other major players in cell and tissue culture supplies market are BD Diagnostics, EMD Millipore, Corning, Inc., Lonza Group and others.
The cell and tissue culture supplies market is segmented as follows:
1) Cell and Tissue Culture Supplies Market, By Segments
2) Cell and Tissue Culture Supplies Market, By Consumable Products
Chemically defined media
Growth factors and cytokines
Fetal bovine serum
Contamination detection kits
3) Cell and Tissue Culture Supplies Market, By Instruments
Tissue culture flasks
Multiple well plates
Roller Bottle equipment
4) Cell and Tissue Culture Supplies Market, By Applications
Drug screening and development
5) Cell and Tissue Culture Supplies Market, by Geography
Rest of the World (Row)
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