Cell Culture Media Market Segmentation:
Type Segment Analysis
The global cell culture media market is segmented and analyzed for demand and supply by type into liquid media, semi-solid media, and solid media. Out of the three types of cell culture media, the liquid segment is estimated to gain the largest market share of about 38% in the year 2035. The growth of the segment can be attributed to the rising investment in the pharmaceutical sector as well as the increasing collaborations amongst major players as well as R&D in the field of life sciences for novel drug development and therapeutic research. For instance, recently in March 2023, Nucleus Biologics, The Cell Performance Company, a leading provider of custom cell culture media solutions for the cell and gene therapy industry, and Stoic Bio, a provider of sustainable technology for cell media manufacturing, in a joint effort to accelerate high-quality therapies to market, announced plans for a supply agreement with the Center for Breakthrough Medicines (CBM), leading contract development and manufacturing organization (CDMO). The mission of CDMO is to save lives by accelerating the development and manufacture of advanced therapies.
End-user Segment Analysis
The global cell culture media market is also segmented and analyzed for demand and supply by end-user into hospitals & diagnostic laboratories, pharmaceutical & biotechnology companies, research & academic institutes, and others. Amongst these segments, the pharmaceutical & biotechnology segment is expected to garner a significant share of around 46% in the year 2035. The rising share of sales of biotechnology drugs worldwide which amounted to over USD 400 billion in 2022 is anticipated to boost the segment growth. On the other hand, the research & academics segment is projected to witness a massive CAGR during the forecast period, owing to the increasing research and development proficiencies in the direction of cell culture media along with the rising advancement in stem cell therapies. This, as a result, is also anticipated to create numerous opportunities for the growth of the segment in the coming years.
Our in-depth analysis of the global market includes the following segments:
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