Segments - Culture Media Market by Types (Dehydrated Culture Media, Prepared Culture Media, and Chromogenic Culture Media), Applications (Biotech & Pharmaceutical Industries, Academic and Research Institutes, Hospitals and Diagnostic Centers, and Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
The global culture media market size was valued at USD 2,983.4 Million in 2019 and is projected to reach USD 5,485.2 Million by 2027, expanding at a CAGR of 8.0% during the forecast period 2020-2027. The process of growing bacteria or other biological entities in an artificial medium is known as culture. The culture media are used for controlling or supporting the growth of microorganisms, various types of growth media are used for growth for different microbial growth.
Culture media is the growth media that contains the elements that are required for bacterial growth, so that it is used for general cultivation and maintenance of bacteria preserved in laboratory culture collections. Ingredients present in culture media can vary depending on microbes type. Different type of nutrients is required by bacteria to grow in culture media.
Glucose or glycerol are frequently used as carbon sources, while ammonium salts or nitrates as used as inorganic nitrogen sources in culture media. Culture media are available in liquid, solid, and gel forms. They are used to support or control the growth of microorganisms.
Culture media are used in microbiological laboratories and research centers to grow and control cells. Cell culture medium consist of an array of amino acids, vitamins, glucose as an energy source, inorganic salts, and serum as a source of growth & attachment factors & hormones. Culture media used in microbiology can be classified as basal media, selective media, enriched media, transport media, indicator media, and storage media.
The three types of culture media such as dehydrated culture media, prepared culture media, and chromogenic culture media. Cell culture media generally comprise an appropriate source of energy and compounds which regulate the cell cycle. Cell culture is one of the major techniques used in life sciences for the removal of cells, tissues, organs from a plant and animal and their subsequent placement into an artificial environment to their survival or proliferation.
Rapid Growth of Biopharmaceutical Industry
The biopharmaceutical industry is expected to be one of the rapidly growing industries in the near future, owing to increasing demand for drugs and treatment for various infectious and chronic diseases widely spreading across the globe. The biopharmaceutical industry is focusing on developing and producing various therapeutic products by using mammalian cells, which are modified further for suspension culture.
Increasing demand for the treatment of cancer, diabetes, cardiovascular disease, immune diseases, and other health problems, is driving research activities in the biopharmaceutical industry.
Most biopharmaceuticals are derived from proteins (found in nature) and recombinant proteins, which contain scientifically operated genes. Culture media is widely used in the biopharmaceutical industry for production of vaccines, blood factors, and monoclonal antibodies the biological therapies, which are based on cell culture technique. This is expected to drive the culture media market.
On the basis of types, the market is segmented into dehydrated culture media, prepared culture media, and chromogenic culture media. The dehydrated culture media segment accounted for over 2/5th share of the market in 2019.
The rapid growth of this segment is attributed to the increasing adoption of dehydrated culture media for the development of several stem cells, which are some of the factors, which contributes for the growth of the segment. Additionally, the dehydrated culture media is widely available and convenient to use, which is one of the factors, which contributes for the growth of the market.
In terms of applications, the culture media market is segregated into biotech & pharmaceutical industries, academic and research institutes, hospitals and diagnostic centers, and others. Research and Academic and research institutes segment are anticipated to expand at a CAGR of 8.2% during the forecast period.
Increasing research and development activities for discovering molecules and drug, rising focus on monoclonal antibodies production, and surging prevalence of cancer and chronic diseases are expected to boost the market during the forecast period.
Various types of culture media including dehydrated culture media, prepared culture media, and chromogenic culture media are used by these companies, research institutes, and centers. Microorganisms play important role in research and development activity in the healthcare sector, as the media is used to support the growth of these cultures. This is expected to drive the demand for culture media during the forecast years.
In terms of regions, the global culture media market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America constituted one prominent share in 2020. The market in the Asia Pacific is projected to expand at a CAGR of 8.3% during the forecast period. Increasing investment in research and development by companies and rise in presence of several manufacturers, is thereby boosting the growth of the culture media market in Asia Pacific.
Additional company profiles can be provided on request.
Yes, the report covers product specific information such as dehydrated culture media, prepared culture media, and Chromogenic Culture Media.
According to this Growth Market Reports report, the market from culture media market shall probably to register a CAGR of 8.0% during forecast period 2020-2027, with an anticipated valuation of USD 5,485.2 million by the end of the 2027.
The rising research activities in biopharmaceutical and cancer treatment areas are expected to drive the market growth during forecast period.
Biotech and pharmaceutical industries, research and academic Institutes, hospitals and diagnostic centers are the key application that are driving the culture media market.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to project a growth of over 7.4% between 2019 and 2020 owing to the positive impact of COVID-19 pandemic on the culture media market. The rising adoption of culture media by biopharmaceutical companies boost the growth of the segment.
The base year considered for the global culture media market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Major Manufactures include, Bio-Rad Laboratories Inc., Merck KGaA and Lonza are the key players operating in the market.