Culture media also known as growth media is a substance or special medium that encourages the growth of the population of cells or microorganisms via the process of cell proliferation. It contains nutrients, buffer salts, energy sources, minerals, gelling agents, and metals which are necessary for microbial growth.
Culture media is used in research centers and microbiological laboratories to grow & control cells. The cell culture media is composed of an array of amino acids, vitamins, glucose as an energy source, inorganic salts, and serum as a source of attachment & growth factors and hormones. Currently, the increased usage of techniques that are found in the pharmaceutical industry quality control laboratories require the growth of media.
COVID-19 Impact and Forecast Analysis of Culture Media Market
The global culture media market is anticipated to witness a decline in the growth rate during the COVID-19 pandemic. The biopharmaceutical processing industries across the globe are facing operational problems owing to a vital spur in the demand for vaccines and biologics to treat the novel coronavirus.
The culture media market is anticipated to observe a strong growth over the forecast period due to the existence of skilled workforce, easy availability of raw materials, and favorable government policies all around the world. The continuous technological advancements in culture media is predicted to play a vital role in creating enormous growth opportunities in the global market. However, the scientific & ethical concerns associated with culture media and the lack of skilled professionals are expected to hinder the market growth in the near future.
The growing prevalence of chronic and incurable diseases across the globe and the rising investments in R&D for innovation in life sciences are the major factors estimated to foster the growth of the global market by 2031. Research Dive in its latest published report projects that the culture media market will grow at a CAGR of 7.9% during the forecast period.
Culture Media Market Trends and Developments
The key players functioning in the global industry include BD, Thermo Fisher Scientific Inc., BioMérieux SA, HImedia Laboratories Private Limited, Merck & Co., Inc., Fujifilm Holdings Corporation, Corning Incorporated, CellGenix GmbH, Lonza, and Sartorius AG. These industry players are adopting various growth strategies & business tactics such as technological advancements, geographical expansion, and novel product launches to maintain a robust position in the overall market, which is subsequently helping the culture media market to grow at a robust pace. For instance:
- In October 2019, Thermo Fisher Scientific introduced ‘Gibco BenchStable Media,’ which is a cell culture media that is when stored at room temperature remains stable. Gibco BenchStable Media is packed in fully recyclable boxes and it’s packaging virtually eliminates light exposure.
- In July 2021, Sartorius AG, the life science company through its subgroup Sartorius Stedim Biotech, completed the acquisition of cell culture specialist Xell AG, which is headquartered in Bielefeld, Germany. Xell AG is an innovative partner for the biotech & pharmaceutical industry that develops, produces, and also markets media & feed supplements for cell cultures, mostly for manufacturing viral vectors used in gene therapeutics and vaccines.
- In December 2021, FUJIFILM Irvine Scientific, Inc., a global leader in the manufacture and development of serum-free & chemically defined cell culture media for bioproduction and cell therapy manufacturing, established an Innovation & Collaboration Center in Suzhou New District, China. With this center, experts will collaborate with customers to design upstream cell culture processes that meet their biomanufacturing needs.
Most Profitable Region
The North America region is anticipated to dominate in the global culture media market throughout the forecast period owing to the increasing focus of companies in the region towards innovation & development of biologics. Besides, higher investments in cell-based research and the growing prevalence of such as cancer in the region are the factors expected to drive the growth of the North America culture media market.