Cell Culture Media, Sera, and Reagents Market Insight on the Important Factors and Trends Influencing the Industry
Global Cell Culture Media, Sera, and Reagents Market – Overview
In recent years, there has been a growing prevalence of chronic diseases across the globe. This has prompted an increased demand for the treatment of the same and also some new and innovative ways of treatment. This demand has been the chief driving factor for the overall development of the global cell culture media, sera, and reagents market. With this growing demand and emerging trends, there have been growing investments and funding to fuel the activities of research and development of the new products. Such developments in the pharmaceutical sectors coupled with increasing application of the cell culture have also helped in the overall development of the global market.
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The report published by Transparency Market Research expects the global cell culture media, sera, and reagents market to touch the mark of US$11.3 bn by the fall of year 2022. Initially, in 2013, the valuation of the global cell culture media, sera, and reagents market was US$6 bn. For the given period of forecast, the global cell culture media, sera, and reagents market is expected to exhibit a promising CAGR of 7.1%. The growing demand for bio-pharmaceuticals is also expected to work in favor of the market development as it will provide highly specific solutions while taking into consideration the existing genetic markup of the patient. Moreover, it will also consider the biological as well as the psychological needs of the patient. The increasing demand for as well the rising adoption of synthetic orangs is also expected to benefit the growth of the global cell culture media, sera, and reagents market in the coming years of the forecast period.
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The global cell culture media, sera, and reagents market is segmented in terms of type of media, type of sera, type of reagents, and region. In terms of type of media, the market is further segmented into chemically defined, classical, lysogeny broth (LB), protein free, serum free, and specialty media among others.
On the other hand, in terms of type of sera, the global cell culture media, sera, and reagents market is further segmented into adult bovine, newborn calf, and fetal bovine. In terms of type of reagents, the global market is further segmented into Hormones, growth factors and cytokines, attachment factors, amino acids, and albumin.
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Early Access to New Technology to Push North America Region’s Growth
In terms of regional segmentation, there are five key regions of the global cell culture media, sera, and reagents market. These regions are North America, Latin America, Asia Pacific, Middle East and Africa, and Europe. Of these regional segments, the region of North America has been identified as the most dominant one. The regional segment was valued at US$2.2 bn in the year 2014. With a promising rate of growth, the regional segment of North America of the cell culture media, sera, and reagents market is expected to reach a valuation worth US$3.7 bn by the fall of 2022. High incidence of cancer, growing prevalence of chronic diseases, and others are some of the key factors behind the development of the regional segment. Moreover, introduction as well as early access to latest technology such as automated cell instruments and 3D cell culture are also expected to help the growth of the regional market.
Product Innovation Is Key for Leading Market Players
The research report expects the segment of cell culture media to hold the leading share in the global market. Segment is expected to exhibit an impressive CAGR 8.8% for the forecast period of 2014 to 2022. The constant efforts to offer high-end and high quality media for getting reliable, reproducible, and accurate results are projected to be the key reasons behind the dominance of the segment.
Some of the key players operating in the global cell culture media, sera, and reagents market include names such as GE Healthcare, Sigma-Aldrich Corporation, BD Biosciences, VWR International, EMD Millipore, Lonza Biosciences, and Thermo Fisher Scientific, Inc. These leading players are concentrating on product development and innovation for staying relevant and ahead of the market competition.
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