Market Research Report
Culture Media Market - Growth, Trends, and Forecasts (2020 - 2025)
|Published by||Mordor Intelligence LLP||Product code||921894|
|Published||Content info||111 Pages
Delivery time: 2-3 business days
|Culture Media Market - Growth, Trends, and Forecasts (2020 - 2025)|
|Published: June 1, 2020||Content info: 111 Pages||
Culture media is a special medium or a substance that encourages the growth, support, and survival of microorganisms. Culture media contain nutrients, energy sources, buffer salts, minerals, metals, and gelling agents which are necessary for microbial growth.
Currently, increased use of techniques found in the pharmaceutical industry quality control laboratory requires the growth of media. Different types of culture media are divided based on the physical state of the media like liquid culture media (called broth), solid and semi-solid culture media (called agar). Therefore the increase in the production of biopharmaceutical products and rise in demand for cell culture media have fueled the growth of the culture media market. However, lack of skilled professionals and regulatory issues with respect to the use of animal-derived products in culture media may hamper the culture media market.
Cancer Research Segment is Expected to Witness a Healthy Growth Over the Forecast Period
According to International Agency for Research on Cancer (IARC), about 17 million new cancer cases were found in 2018 worldwide, of which 657,000 were in countries with a low Human Development Index (HDI), 2.8 million in medium- Human Development Index (HDI) countries, 6.4 million in high- Human Development Index (HDI) countries, and 7.2 million in very high- Human Development Index (HDI) countries.
Cancer Research segment, therefore, holds the highest share in the culture media market, owing to the increase in cancer research, increasing focus on monoclonal antibodies production. Increasing funding in cancer research and innovation in the life science sector are the key factors for the growth of the culture media market.
North America is Expected to Dominate the Market in the Forecast Period
North America holds the largest share globally in the culture media market. Moreover, the rise in research and development investments, technological advancements associated with cell culture media and high demand for cell culture media fuel the growth of the culture media market in this region. However, most of the global manufacturers of culture media are active in the North America region which is fueling the growth of the overall regional market to a large extent.
The Culture Media Market is moderately competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Becton, Dickinson and Company, Bio-Rad Laboratories Inc, Caisson Laboratories, Inc, Cell Culture Technologies LLC, Corning Incorporated, Fujifilm Holdings Corporation, GE Healthcare, HiMedia Laboratories Pvt., Ltd, Lonza Group Ltd, Merck & Co., Inc.