PUBLISHER: BIS Research | PRODUCT CODE: 1118295
PUBLISHER: BIS Research | PRODUCT CODE: 1118295
“Global Recombinant Cell Culture Supplements Market to Reach $1,188.6 Million by 2032.”
The global recombinant cell culture supplements market was estimated at $308.6 million in 2021 and is expected to reach $1,188.6 million by 2032, growing at a CAGR value of 12.24% during the forecast period 2022-2032. The growth in the global recombinant cell culture supplements market is expected to be driven by the rising demand for cell culture supplements, increasing investment in life sciences research and development, as well as growing advantages of recombinant supplements over traditional animal-derived supplements.
The global recombinant cell culture market is increasing at a rapid pace. The growing need for animal-free supplements in cell culture applications is aiding the growth of the recombinant cell culture supplements market. Recombinant cell culture supplements play a crucial role in enhancing cell viability, maintaining a healthy culture, and customizing the cell culture in accordance with the needs of the individual.
Increasing demand for immunotherapy and stem cell and regenerative medicine research is one of the major opportunities in the recombinant cell culture supplements market. Several cell culture companies, and biopharmaceutical companies are working collaboratively on drug development and using recombinant cell culture supplements as a therapeutic means for applications in biological drugs. Furthermore, the market witnessed major mergers and acquisitions in the past four years. For instance, recently, in March 2022, Thermo Fisher Scientific Inc. acquired PeproTech, Inc., a company that specializes in the development and manufacturing of recombinant proteins, in a deal of $1.85 billion.
Many biopharmaceutical products are being developed by utilizing the cell culture technique. The study of cell physiology and biochemistry is made possible through laboratory cell culture, which also opens up research avenues that are challenging to pursue in vivo. Controlling variables such as the culture media, culture conditions, population density, and growth rate makes it simple to assess the effects of medications or other substances on cultured cells. Additionally, it allows analyzing the function of various genes and offers enormous potential in the field of genetics. It enables the assessment of harmful and carcinogenic chemicals on cells in the fields of oncology and virology and the comprehension of how different medications, viruses, and physical or chemical carcinogens interact. Furthermore, the recombinant cell culture has various applications, such as research on vaccines, stem cells, gene therapy, and genetic engineering, as well as the creation of protein therapies manufacturing of genetically edited proteins such as monoclonal antibodies, insulin, and hormones.
Due to the pandemic, governments across the globe enforced lockdowns which significantly hampered the research and clinical development of several biopharmaceutical products. Additionally, research grants were shifted toward combating SARS-CoV-2. Further, the biopharmaceutical companies, research, and academic organizations focused on the development of a novel COVID-19 vaccine. Overall, there was some disruption in the recombinant cell culture supplement supply chain and operations in 2020. However, as transportation and marketing were made more accessible, the pandemic's effects on the recombinant cell culture supplements market were minimal to non-existent. Due to the shift in emphasis toward COVID-19 testing, diagnostics, and the supply chain of serum-free or recombinant supplements for the creation of a novel vaccine for the SARS-CoV-2 virus, the companies were able to maintain their financial position.
The global recombinant cell culture supplements market in the products segment is expected to be dominated by recombinant albumin (rAlbumin). Albumin is the major nutrient and is commonly used in all types of cell cultures. Additionally, albumin is used widely in the development of monoclonal antibodies. The increase in demand for mAbs will further increase the utilization of recombinant albumin supplements in cell culture.
In 2021, the global recombinant cell culture supplements market (by application) was dominated by stem cell and regenerative medicine, with a massive market share of 47.95%. However, the fastest growing segment during the forecast period is found to be academic and research applications due to enhanced cell viability and improved batch-to-batch consistency of end products.
The mammalian expression system dominated the global recombinant cell culture supplements market in 2021 with a market share of 40.66%. Most biopharmaceutical companies worldwide utilize stable cell lines derived from mammalian cells to produce biologics.
The global recombinant cell culture supplements market was dominated by North America in 2021. The growth can be attributed to the presence of prominent players in the region as well as the availability of funding and technology for recombinant cell culture supplements in the region.
Following are the demand drivers for the global recombinant cell culture supplements market:
The market is expected to face some limitations too due to the following challenges:
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, pipeline product portfolio, and market penetration.
Companies profiled under this section include six public companies and 10 private companies.
Public companies include: Abcam plc., Corning Incorporated, Lonza Group AG, Merck KGaA, Sartorius AG, and Thermo Fisher Scientific Inc., while private companies include BBI Solutions, FUJIFILM Irvine Scientific, Inc., Gemini Bioproducts, LLC, HiMedia Laboratories, InVitria, Kingfisher Biotech, Inc., Novus Biologicals, LLC, R&D Systems, Inc., Sino Biological Inc., and STEMCELL Technologies Inc.