Increasing prevalence of infectious diseases & rising emphasis on personalized medicine are significant factors driving culture media market revenue growth
— Emergen Research
VANCOUVER, BRITISH COLUMBIA, CANADA, May 16, 2023 /EINPresswire.com/ — The Global Culture Media Market report reviews historical and current data along with in-depth analysis of market dynamics. The worldwide Culture Media market analyses the market environment to predict industry growth for the projected years of 2021–2028. Some of the most crucial parts of this study that shed light on the fiercely competitive climate of the market are the SWOT analysis and Porter’s Five Forces Analysis. The research includes a thorough examination of the North American, European, Latin American, Asian Pacific, Middle Eastern, and African markets for keywords. This paper looks at other important characteristics of regional markets in addition to the drivers and restraints of revenue growth, production and consumption patterns, shifting consumer tastes, and strict regulatory standards.
The global culture media market size is expected to reach USD 11.10 billion at a revenue CAGR of 9.3% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth of culture media can be attributed to its increasing use in pharmaceutical microbiology. Culture media is considered highly essential for numerous microbiological tests for pure culture procurement, microbial cells growing & counting, and cultivation & segregation of microorganisms. Absence of high-quality culture media results in reduction of possibility of attaining precise, repeatable, and reproducible microbiological test results. Microbiological culture media promotes growth, sustenance, and survival of microorganisms by providing essential nutrients, cell growth hormones, and growth factors. It also helps in regulating osmotic pressure and pH value of the culture. Rising demand for media quality and standardization is driving development of more defined culture media.
Presently, various biopharmaceutical firms progressively seeking novel solutions for production of monoclonal antibodies. Also, increasing number of candidates for protein therapeutics, particularly monoclonal antibodies, is significantly fueling culture media market revenue growth. For development of production processes for antibodies, upholding cost effectiveness, offering manufacturing flexibility, reducing time to market, and maintaining desired quality attributes are considered to be some critical concerns. Many biotechnology companies are hence focusing on therapies for similar clinical indications and target conditions. In addition, production capacity is an issue as antibody therapies generally require large doses over prolonged time period. Hence, drug compounds are required to be manufactured in large quantities with time and cost efficiency to cater to clinical requirements and enable commercialization. Use of cell culture process also aids in controlling drug compound process consistency and quality, as well as allows large scale production.
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Key companies operating in the Culture Media market include:
Becton, Dickinson, and Company, Lonza Group AG, Danaher Corporation, Himedia Laboratories, Thermo Fisher Scientific Inc., CellGenix GmbH, Merck KGaA, STEMCELL Technologies Inc., Corning Incorporated, and Infors AG
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
The report closely studies the growth trajectory of the global Culture Media market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Key Benefits of the Report:
Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8-year analysis of the Global Culture Media Market
Critical understanding of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market
Some Key Highlights from the Report
In December 2019, Sartorius, which is a life science research firm, signed an agreement to acquire Biological Industries, which is an Israel-based firm engaged in cell culture media development and production. Sartorius would purchase 50% share of Biological Industries for over USD 52.0 million.
By research type, cytogenetics segment contributed a significantly large revenue share in 2020. Cytogenetics play a crucial role in characterization of innovative alterations and recognition of chromosomal abnormalities related to malignancies. It further enables more research and advances the know-how associated with genetic aspects of diseases. Also, a possible enhancement in patient survival can be achieved by new drug development via understanding molecular mechanisms. Robust strength of cytogenetic research analysis is likely to provide global assessment of structural and numerical abnormalities in one single assay.
By application, regenerative medicine segment revenue is expected to expand at a faster rate over the forecast period. Application of secretome, which is a group of proteins secreted in extracellular space, containing stem-cell derived conditioned culture media has various benefits such as ease of production, freeze-drying, packaging, and transportation. Besides, the need to match donor and recipient is not required, owing to absence of cells. Stem cell-derived conditioned culture media is set to hold immense potential to be developed as pharmaceuticals for use as regenerative medicines.
Culture media market in North America accounted for largest revenue share in 2020, attributed to high healthcare expenditure, rising number of drug failures in development pipeline, increasing funding for research & development of novel culture media solutions, and rapid adoption of advanced technologies in the pharmaceutical sector. Additionally, presence of major players such as Becton, Dickinson, and Company is also anticipated to propel revenue growth of the market in this region.
To learn more details about the Global Culture Media Market report, visit @ https://www.emergenresearch.com/industry-report/culture-media-market
The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the Culture Media industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.
On the basis of type, the market is segmented into
Type Outlook (Revenue, USD Billion; 2018–2028)
Chemically Defined Media
Lysogeny Broth
Classical Media
Specialty Media
Serum-free Media
Stem-cell Media
Custom Media Formulation
Others
Research Type Outlook (Revenue, USD Billion; 2018–2028)
Cell Therapy
Cytogenetics
Others
Application Outlook (Revenue, USD Billion; 2018–2028)
Cancer Research
Drug Discovery
Regenerative Medicine
Tissue Engineering
Others
In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter’s Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.
Key Questions Addressed in the Report:
Who are the leading players in the Culture Media industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of Culture Media?
Which segment is expected to garner traction during the coming years?
What are the key strategies adopted by leading players in the market?
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