The Global Culture Media Market 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. 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.
Market Dynamics
Drivers
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.
Increase in Prevalence of Cancer
Cancer is a leading cause of death worldwide. According to the World Health Organization (WHO), worldwide death stats of cancer is projected to reach over 13 million by 2030. More than two thirds of cancer deaths are occurred in low- and middle-income countries. Growing prevalence of cancer worldwide has led to increase the focus of key players and research centers on cancer research, where researchers are focused on developing safe and effective methods to prevent, detect, diagnose, treat, and, cure the cancer. This, in turn, is expected to increase the demand for culture media by cancer research centers and is projected to boost the market during the forecast period. Culture media is also used in the development of the stem cells, which are used in the treatment of cancer, which is also one of the factors, which contributes for the growth of the market.
Restrains
Ethical & Scientific Concerns Associated with Culture Media
Ethics are of vital importance in microbiology study. Moral & ethical concerns significantly influence the public attitude toward microbiology. The ethical issues of microbiological characterization are related to the techniques used for controlling the infectious diseases and avoiding the spread of diseases. In scientific research, these issues are related to the honesty, integrity, confidentiality, and legality of the consent. Professional ethics are the moral bond that link a profession, the people it serves, and society together. The ethical issues and concerns among people are indirectly expected to hamper the growth of the market.
Dearth of Skilled Personnel
Dearth of skilled personnel is a major factor hampering the market growth. The cell culture process requires qualified/skilled personnel for performing and implementing new techniques. However, several people are unqualified or under skilled for the processes, owing to the lack of knowledge and expertise in handling culture media. The dearth of skilled labors is one of the major factors hampering the market.
Regional Outlook
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.
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Competitive Landscape
- Key players in the market include Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Caisson Labs Inc, Cell Culture Technologies, Cell Culture Technologies Inc, Lonza Group Ltd, Merck KGaA, Corning Incorporated, HiMedia Laboratories, Cytiva, and FUJIFILM Irvene Scientific. These companies are considered manufacturers of culture media market based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
- The players are adopting key strategies such as acquisition, and geographical expansion where potential opportunity is added in the company’s capacity.
- For instance, On June 2020, Corning Incorporated launched X-series cell processing platform. The platform provides efficient and automated processing of human blood and human blood products, which finds applications in cell and gene therapy.
- In July 2018, Corning Incorporated introduced 1536-well Spheroid Microplate, which generates 1536-well Spheroid Microplate that helps generate a high volume of spheroids for high-throughput screening. It finds application in cancer research and drug testing.
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