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Culture Media Market Report

RA00413

Culture Media Market, by Media type (Dehydrated Culture Media, Prepared Culture Media, Chromogenic Culture Media), Application (Cancer Research, Biopharmaceutical Research, Regenerative Medicine, Stem Cell Technologies, Drug Discovery, Others), End-user (Biotech & Pharmaceutical Industry, Academic Institute & Research Centers, Hospital & Diagnostic Centers, Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027

RA00413

Pages: 230

Sep 2020

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on Culture Media Market

According to a new study conducted by Research Dive, the global culture media market forecast will surpass $5,398.6 million by 2027, at a CAGR of 7.7%, increasing from $ 2,975.6 million in 2019. North America dominated the global culture media market in 2019 and is expected to maintain its dominance throughout the forecast period.  The market in the region is driven by increasing R&D investments to develop novel medicines for the treatment of chronic and rare diseases. Asia Pacific market is expected to witness significant growth and is estimated to generate a revenue of $1,355.1 million till 2027.

COVID-19 impact on the Global Culture Media Market:

Pre COVID-19, the global culture media market was estimated to produce $5,398.6 million by the end of 2027, at a 7.7% CAGR during the forecast years. This growth was predicted to be a result of rising vaccine production to meet the unique need of consumers. However, in near term, the novel coronavirus has had an undesirable impact on the global culture media market in 2020. 

In near term, the global biopharmaceutical processing industry is facing operational and personnel problems. Owing to the significant spur in the demand for biologics and vaccines to treat novel coronavirus, biopharmaceutical industry is struggling to maintain normal functioning. Essentially, all bioprocessing-related industrial activities are continuing largely unaffected in terms of operations and output, however, are majorly facing challenges in maintaining onsite working personnel.

In COVID 19 pandemic, leading market players are focusing on strategic collaboration and acquisitions to increase their market share in the global market. For instance, in 2019, Sartorius AG acquired 50% of Israeli firm Biological Industries to gain market share of cell culture media and buffer solutions.

Culture Media Market Analysis:

Culture media or growth media is a solid, liquid or semi-solid designed to support the growth of a population of microorganisms or cells via the process of cell proliferation, or small plants like the moss Physcomitrella patens. Based on geography, the market is segmented into four key regions, namely North America, Europe, Asia-Pacific, and LAMEA.

Increasing R&D investment for innovation in life science are the major driving factors for the growth of the global culture media market

Growing incidents of chronic and incurable diseases has fueled the demand for novel medicines and therapies. For instance, according to the International Diabetes Federation, in 2019, around 463 million adults were living with diabetes in the world and the number would rise to 700 million by 2045. To meet the growing demand of customers, biopharmaceutical companies are investing in research and development of gene and cell based therapies.

According to the Pharmaceutical Research and Manufacturers of America, in the last decade alone, biopharmaceutical companies invested about half-trillion dollars in R&D activities for complex and difficult-to-treat diseases. For more than 30 years, the U.S. bio-pharmaceutical has been an industry leader in new drug development. As per the Pharmaceutical Research and Manufacturers of America, the entire biopharmaceutical industry invested $102 billion in R&D activities in 2018.

To know more about culture media market drivers, get in touch with our analysts here.

Lack of skilled professionals and ethical & scientific concerns associated with culture media impede the market growth

In order to meet growing demand for biologics and vaccines, biopharmaceutical companies are shifting from conventional chemical synthesis to the genetic manipulation of living organisms. Furthermore, they are embracing technologies such as artificial intelligence and processing analytical technology in production. Furthermore, to bridge the demand and supply gap, they are shifting from conventional manufacturing process to continuous manufacturing.

However, biopharmaceutical companies are struggling to find the talent they need in advanced areas such as automation, computer science, and process modeling,. If left unchecked and untreated, this skills gap could impede innovation.

Increasing R&D spending in emerging market will provide significant growth opportunity in coming years

Owing to the presence of skilled workforce and technological advancement, emerging market is blooming hot sport for clinical trials. Furthermore, favorable government policies and easy availability of raw material has encouraged biopharmaceutical companies to invest in R&D activities. For instance, China has witnessed around 27% growth in R&D expenditure over the decade. The country has around 620 products in the pipeline of which small molecules and monoclonal antibodies account for more than 50% share.

To know more about culture media market opportunities, get in touch with our analysts here.

Prepared culture media segment is predicted to be most lucrative till the end of 2027

Biotech & Pharmaceutical industry segment accounted for the highest market size in 2019

Source: Research Dive Analysis

Dehydrated culture media occupied the largest share of global market in 2019 owing to the easy availability and wide application in day-to-day operation of most microbiology laboratories. Furthermore, dehydrated media have long shelf life owing to which they are widely used in industrial microbiology (pharmaceutical, cosmetics, vaccine production, food industry, animal health, analysis laboratories, etc.), and clinical microbiology (human and veterinary).

Prepared media is expected to be the fastest growing product segment owing to the growing demand for high-quality media in industrial and clinical microbiology. Furthermore, the increasing use of automation in clinical and industrial microbiology labs has facilitated the need for prepared culture media.

Cancer research sub-segment accounted for the highest market share in 2019

Cancer research sub-segment accounted for the highest market share in 2019

Source: Research Dive Analysis

The cancer research sub-segment accounted for the largest revenue share of 27.6% in 2019. Increasing R&D spending for the development of novel and advanced medicine for the treatment of various types’ cancer is the major factor driving the demand for culture media in cancer research. For instance, according to the Oral Cancer Research Funding around USD 50 billion is invested in cancer research annually.

Stem cell technology sub-segment is expected to grow at a highest CAGR of 8.7% from 2020 to 2027. Growing awareness related to the preservation of embryo cell is expected to fuel the demand for culture media in stem cell technology market in coming years.  The development of induced pluripotent stem cell (iPSC) lines has also contributed to the growth of this market

Biotech & Pharmaceutical industry segment accounted for the highest market size in 2019

Biotech & Pharmaceutical industry segment accounted for the highest market size in 2019

Source: Research Dive Analysis

The biotech & pharmaceutical sub-segment accounted for the largest revenue share of 50.6% in 2019. Growing demand for novel vaccines and drug has fueled the number of biotechnology companies across the world. Owing to growing demand for advance therapies, biotechnology companies are investing in R&D activities, thereby fueling demand for the culture media in biotech & pharmaceutical industry in near future.

North America region will have vast growth opportunities for the market participants in the coming years

North America accounted for the largest market share in 2019. Increasing prevalence of chronic and incurable disease has propelled demand for advanced and novel medicines in the region. To meet this augmenting demand, companies operating in the sector have shifted their focus on innovation and development of biologics.

The Asia-Pacific market for culture media has witnessed exponential market growth in recent years, due to increasing access to healthcare settings in countries such as China and India. Furthermore, rising investments in the R&D sector and growing emphasis on the enhancement of healthcare infrastructure are expected to drive the Asia-Pacific culture media market, over the forecast years.

To explore more about culture media market, get in touch with our analysts here.

Partnership and acquisitions are the major strategies followed by the market players

Partnership and acquisitions are the major strategies followed by the market players

Source: Research Dive Analysis

Key players operating in the global culture media market include BioMÉerieux SA, BD, Thermo Fisher Scientific Inc., HiMedia Laboratories Private Limited, Fujifilm Holdings Corporation, Merck & Co., Corning Incorporated, Lonza, CellGenix GmbH, and Sartorius AG. These market players are adopting several inorganic and organic growth strategies such as partnership and acquisitions to increase their market share in the global culture media market.

Porter’s Five Forces Analysis for Culture Media Market:

  • Bargaining Power of Suppliers: The global market is characterized by the presence of large number of suppliers. Low product differentiation has resulted in LOW bargaining power of supplier.
  • Bargaining Power of Consumer: The global market has high concentration of buyers. Low switching cost has resulted in HIGH bargaining power of buyer.
  • Threat of New Entrants: The global market is capital intensive, requiring high set-up cost, owing to which the threat of new entrants is Moderate
  • Threat of Substitutes: The global market is characterized by presence of subsequent number of products. Furthermore, most biopharmaceutical manufacturer have unique requirement owing to which threat of substitutes is Low
  • Industry Rivalry: The market is characterized by subsequent number of key players. Low product differentiation along low switching cost has resulted in High industry rivalry.

Aspect

Particulars

 Historical Market Estimations

 2019-2020

 Base Year for Market Estimation

 2019

 Forecast timeline for Market Projection

 2020-2027

 Geographical Scope

 North America, Europe, Asia-Pacific, LAMEA

 Segmentation by Media Type

  • Dehydrated Culture Media
  • Prepared Culture Media
  • Chromogenic Culture Media

 Segmentation by Application

 

  • Cancer Research
  • Biopharmaceutical Research
  • Regenerative Medicine
  • Stem Cell Technologies
  • Drug Discovery
  • Others

 Segmentation by End User

  • Biotech & Pharmaceutical Industry
  • Academic Institutes & Research Lab
  • Hospitals & Diagnostic Centers
  • Others

 Key Countries covered

U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Japan, China, India, South Korea, Australia, Brazil, South Africa

 Key Companies Profiled

  • BioMÉerieux SA
  • BD
  • Thermo Fisher Scientific Inc.
  • HiMedia Laboratories Private Limited 
  • Fujifilm Holdings Corporation
  • Merck & Co.
  • Corning Incorporated
  • Lonza
  • CellGenix GmbH
  • Sartorius AG

FREQUENTLY ASKED QUESTIONS?
 

A. The global culture market size was estimated to be $ 2975.6 million in 2019 and is anticipated to reach $ 5398.6 million by 2027.

A. BioMÉerieux SA, BD, Thermo Fisher Scientific Inc., and HiMedia Laboratories Private Limited are some of the key players in the global Market.

A. Asia Pacific possesses great investment opportunities in coming years.

A. Asia-Pacific culture media market size was estimated to be $708.2 million in 2019.

A. Acquisitions and partnerships are the key strategies opted by the operating companies in this market.

A. BioMÉerieux SA, BD, and Thermo Fisher Scientific Inc. are investing more on R&D activities for developing new products and technologies.

CHAPTER 1: INTRODUCTION 

1.1. Research methodology 

1.1.1. Desk research
1.1.2. Real-time insights and validation 
1.1.3. Forecast model 

1.1.4. Assumptions & forecast parameters 

1.1.4.1. Assumptions 
1.1.4.2. Forecast parameters 

CHAPTER 2: EXECUTIVE SUMMARY 

2.1. 360° summary 
2.2. Media type trends 
2.3. Application trends 
2.4. End user trends 

CHAPTER 3: MARKET OVERVIEW 

3.1. Market definition and scope 
3.2. Key takeaways 

3.2.1. Top investment pockets 
3.2.2. Top winning strategies 

3.2.2.1. Top winning strategies, by year 
3.2.2.2. Top winning strategies, by development 
3.2.2.3. Top winning strategies, by company 
3.2.3. Top player positioning 

3.3. Porter’s five forces analysis 
3.4. Market dynamics 

3.4.1. Drivers 
3.4.2. Restraints 
3.4.3. Opportunities 

3.5. Technology landscape 
3.6. Market value chain analysis 
3.7. Strategic overview 

CHAPTER 4: IMPACT OF COVID19 ON GLOBAL CULTURE MEDIA MARKET 

4.1. Introduction 
4.2. COVID-19 health assessment 
4.3. Impact of COVID-19 on the global economy 
4.4. Impact of COVID-19 on global culture media market 

4.4.1. Social impact 
4.4.2. Technological impact 
4.4.3. Investment scenario 
4.5. Culture media market size and forecast, by region, 2019-2021 

CHAPTER 5: GLOBAL CULTURE MEDIA MARKET, BY MEDIA TYPE

5.1. Overview 

5.1.1. Market size and forecast, by media type 

5.2. Dehydrated culture media 

5.2.1. Key market trends, growth factors and opportunities 
5.2.2. Market size and forecast, by region 
5.2.3. Market share analysis, by country 

5.3. Prepared culture media 

5.3.1. Key market trends, growth factors and opportunities 
5.3.2. Market size and forecast, by region 
5.3.3. Market share analysis, by country 

5.4. Chromogenic culture media 

5.4.1. Key market trends, growth factors and opportunities 
5.4.2. Market size and forecast, by region 
5.4.3. Market share analysis, by country 

CHAPTER 6: GLOBAL CULTURE MEDIA MARKET, BY APPLICATION 

6.1. Overview 

6.1.1. Market size and forecast, by application 

6.2. Cancer research 

6.2.1. Key market trends, growth factors and opportunities 
6.2.2. Market size and forecast, by region 
6.2.3. Market share analysis, by country 

6.3. Biopharmaceutical research 

6.3.1. Key market trends, growth factors and opportunities 
6.3.2. Market size and forecast, by region 
6.3.3. Market share analysis, by country 

6.4. Regenerative medicine 

6.4.1. Key market trends, growth factors and opportunities 
6.4.2. Market size and forecast, by region 
6.4.3. Market share analysis, by country 

6.5. Stem cell technologies 

6.5.1. Key market trends, growth factors and opportunities 
6.5.2. Market size and forecast, by region 
6.5.3. Market share analysis, by country 

6.6. Drug discovery 

6.6.1. Key market trends, growth factors and opportunities 
6.6.2. Market size and forecast, by region 
6.6.3. Market share analysis, by country 

6.7. Others 

6.7.1. Key market trends, growth factors and opportunities
6.7.2. Market size and forecast, by region 
6.7.3. Market share analysis, by country 

CHAPTER 7: GLOBAL CULTURE MEDIA MARKET, BY END USER

7.1. Overview 

7.1.1. Market size and forecast, by end user 

7.2. Biotech & Pharmaceutical Industry 

7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by region 
7.2.3. Market share analysis, by country 

7.3. Academic & Research lab 

7.3.1. Key market trends, growth factors and opportunities 
7.3.2. Market size and forecast, by region 
7.3.3. Market share analysis, by country 

7.4. Hospital & Diagnostic centers 

7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by region 
7.4.3. Market share analysis, by country 

7.5. Others 

7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast, by region 
7.5.3. Market share analysis, by country 

CHAPTER 8: GLOBAL CULTURE MEDIA MARKET, BY REGION

8.1. Overview 

8.1.1. Market size and forecast, by region 

8.2. North America 

8.2.1. Key market trends, growth factors, and opportunities
8.2.2. Market size and forecast, by media type 
8.2.3. Market size and forecast, by application 
8.2.4. Market size and forecast, by end user 
8.2.5. Market size and forecast, by country 
8.2.6. U.S. 

8.2.6.1. Market size and forecast, by media type 

8.2.7. Market size and forecast, by application 
8.2.8. Market size and forecast, by end user 
8.2.9. Canada 

8.2.9.1. Market size and forecast, by media type 

8.2.10. Market size and forecast, by application

8.2.11. Market size and forecast, by end user 

8.2.12. Mexico 

8.2.12.1. Market size and forecast, by media type
8.2.13. Market size and forecast, by application 
8.2.14. Market size and forecast, by end user 

8.3. Europe 

8.3.1. Key market trends, growth factors, and opportunities 
8.3.2. Market size and forecast, by media type 
8.3.3. Market size and forecast, by application 
8.3.4. Market size and forecast, by end-user 
8.3.5. Market size and forecast, by country 
8.3.6. Germany 

8.3.6.1. Market size and forecast, by media type 
8.3.6.2. Market size and forecast, by application 
8.3.6.3. Market size and forecast, by end-user 

8.3.7. France 

8.3.7.1. Market size and forecast, by media type 
8.3.7.2. Market size and forecast, by application 
8.3.7.3. Market size and forecast, by end-user 

8.3.8. UK 

8.3.8.2. Market size and forecast, by application 
8.3.8.3. Market size and forecast, by end-user 

8.3.9. Italy 

8.3.9.1. Market size and forecast, by media type 
8.3.9.2. Market size and forecast, by application 
8.3.9.3. Market size and forecast, by end-user 

8.3.10. Spain 

8.3.10.1. Market size and forecast, by media type 
8.3.10.2. Market size and forecast, by application 
8.3.10.3. Market size and forecast, by end-user 

8.3.11. Rest of Europe 

8.3.11.1. Market size and forecast, by media type 
8.3.11.2. Market size and forecast, by application 
8.3.11.3. Market size and forecast, by end-user 

8.4. Asia-Pacific 

8.4.1. Key market trends, growth factors, and opportunities 
8.4.2. Market size and forecast, by media type 

8.4.2.1. Market size and forecast, by application 
8.4.2.2. Market size and forecast, by end-user 

8.4.3. Market size and forecast, by country
8.4.4. Japan 

8.4.4.1. Market size and forecast, by media type 
8.4.4.2. Market size and forecast, by application 
8.4.4.3. Market size and forecast, by end-user 

8.4.5. China 

8.4.5.1. Market size and forecast, by media type 
8.4.5.2. Market size and forecast, by application 
8.4.5.3. Market size and forecast, by end-user 

8.4.6. Australia 

8.4.6.1. Market size and forecast, by media type
8.4.6.2. Market size and forecast, by application
8.4.6.3. Market size and forecast, by end-user 

8.4.7. India 

8.4.7.1. Market size and forecast, by media type 
8.4.7.2. Market size and forecast, by application 
8.4.7.3. Market size and forecast, by end-user 

8.4.8. South Korea 

8.4.8.1. Market size and forecast, by media type 
8.4.8.2. Market size and forecast, by application 
8.4.8.3. Market size and forecast, by end-user 

8.4.9. Rest of Asia-Pacific 

8.4.9.1. Market size and forecast, by media type 
8.4.9.2. Market size and forecast, by application 
8.4.9.3. Market size and forecast, by end-user 

8.5. LAMEA

8.5.1. Key market trends, growth factors, and opportunities

8.5.1.1. Market size and forecast, by media type
8.5.1.2. Market size and forecast, by application
8.5.1.3. Market size and forecast, by end-user 

8.5.2. Market size and forecast, by country 
8.5.3. Latin America 

8.5.3.1. Market size and forecast, by media type
8.5.3.2. Market size and forecast, by application
8.5.3.3. Market size and forecast, by end-user 

8.5.4. Middle East 

8.5.4.1. Market size and forecast, by media type 
8.5.4.2. Market size and forecast, by application 
8.5.4.3. Market size and forecast, by end-user 

8.5.5. Africa

8.5.5.1. Market size and forecast, by media type 
8.5.5.2. Market size and forecast, by application 
8.5.5.3. Market size and forecast, by end-user

CHAPTER 9: COMPANY PROFILES 

9.1. BioMérieux SA 

9.1.1. Company overview 
9.1.2. Company snapshot 
9.1.3. Operating business segments 
9.1.4. Product portfolio 
9.1.5. Business performance 
9.1.6. Key strategic moves and developments 

9.2. BD 

9.2.1. Company overview 
9.2.2. Company snapshot 
9.2.3. Operating business segments 
9.2.4. Product portfolio 
9.2.5. Business performance 

9.3. THERMO FISHER SCIENTIFIC INC. 

9.3.1. Company overview 
9.3.2. Company snapshot 
9.3.3. Operating business segments 
9.3.4. Product portfolio 
9.3.5. Business performance 
9.3.6. Key strategic moves and developments 

9.4. HIMEDIA LABORATORIES 

9.4.1. Company overview 
9.4.2. Company snapshot 
9.4.3. Operating business segments 
9.4.4. Product portfolio 
9.4.5. Key strategic moves and developments 

9.5. CELLGENIX 

9.5.1. Company overview 
9.5.2. Company snapshot 
9.5.3. Operating business segments 

9.5.4. Product portfolio 

9.6. LONZA 

9.6.1. Company overview 
9.6.2. Company snapshot 
9.6.3. Operating business segments 
9.6.4. Product portfolio 
9.6.5. Business performance 
9.6.6. Key strategic moves and developments 

9.7. CORNING INCORPORATED 

9.7.1. Company overview 
9.7.2. Company snapshot 
9.7.3. Operating business segments 
9.7.4. Product portfolio 
9.7.5. Business performance 

9.8. FUJIFILM HOLDINGS CORPORATION 

9.8.1. Company overview 
9.8.2. Company snapshot 
9.8.3. Operating business segments 
9.8.4. Product portfolio 
9.8.5. Business performance 
9.8.6. Key strategic moves and developments 

9.9. MERCK & Co. 

9.9.1. Company overview 
9.9.2. Company snapshot 
9.9.3. Operating business segments 
9.9.4. Product portfolio 
9.9.5. Business performance
9.9.6. Key strategic moves and developments 

9.10. SARTORIUS AG 

9.10.1. Company overview 
9.10.2. Company snapshot 
9.10.3. Operating business segments 
9.10.4. Product portfolio 
9.10.5. Business performance 
9.10.6. Key strategic moves and developments 

 

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.

Key Developments of the Global Market

The key 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 July 2016, Thermo Fisher announced the launch of new ‘Pre-Weigh Dehydrated Culture Media,’ to help microbiology laboratories to get faster results. The culture media is available in both 8L and 1L sizes to fit the culture media batch sizes of microbiology laboratories.

In June 2017, in California, Irvine Scientific; a subsidiary of Fujifilm Holdings Corporation, expanded its presence in the North America region by establishing a new R&D center. Similarly, Cell Culture Technologies introduced ‘SteMaxOne’ in June 2017. SteMaxOne is a peptide- and protein-free culture medium for maintaining human mesenchymal stem cell lines and stem cells.

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 its packaging virtually eliminates light exposure.

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.

Global 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 culture media market by 2027. Research Dive in its latest published report projects that the culture media market will grow at a CAGR of 7.7% during the forecast period. The North America region is anticipated to dominate the global market throughout the forecast period owing to the increasing focus of companies in the region towards innovation & development of biologics. The key players functioning in the global industry include BD, BioMÉerieux SA, Thermo Fisher Scientific Inc., Fujifilm Holdings Corporation, HiMedia Laboratories Private Limited, Merck & Co., Lonza, Corning Incorporated, Sartorius AG, and CellGenix GmbH.

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