Kenneth Research recently added a report on Cell Culture Market in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Cell Culture Market along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cell Culture Market products.
Request of this Sample Report – https://www.kennethresearch.com/sample-request-10059445
The global Cell Culturemarket was valued at USD 12.41billion in 2016 and is projected to reach USD 30.31billionby 2025, growing at a CAGR of 10.43% from 2017 to 2025.
Cell culture is the process by which cells are grown under controlled conditions, generally outside their natural environment. With increasing advances in biotechnology and its implementation in biopharmaceutical sector, the market is expected to grow at a high CAGR.
1. Market Drivers
1.1 Growing Awareness on the Benefits Of, and Rising Regulatory Approvals For, Cell Culture-Based Vaccines
1.2 Increase in Demand for Monoclonal Antibodies (MABS)
1.3 Funding for Cell-Based Research
1.4 Growing Preference for Single-Use Technologies
1.5 Technological Advancements
2. Market Restraints
2.1 High Cost of Cell Biology Research
2.2 Lack of Infrastructure for Cell-Based Research in Emerging Economies
1. By Application:
1.1 Cancer Research
1.2 Stem Cell Technologies
1.3 Drug Screening & Development
1.4 Biopharmaceutical/Therapeutic Applications
1.4.1 Vaccine Production
1.4.3 Recombinant Therapeutic Proteins
1.5 Tissue Engineering & Regenerative Medicine
1.6 Other Applications
2. By End User:
2.1 Pharmaceutical and Biotechnology Companies
2.2 Research Institutes
3. By Product:
3.1.2 Cell culture vessels
3.1.3 Cell culture storage equipment
3.1.4 Cell culture supporting equipment
3.2.4 Bioreactor Accessories
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Thermo Fisher Scientific, Inc.
2. Merck KGAA
3. GE Healthcare (A Subsidiary of General Electric Company)
4. Lonza Group AG
5. Corning, Inc.
6. Becton, Dickinson and Company
7. Eppendorf AG
8. Hi-Media Laboratories
9. Sartorius AG
10. Promocell GmbH
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Cell Culturemarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
Access Full Report Here – https://www.kennethresearch.com/report-details/global-cell-culture-market/10059445
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
Name: Kenneth research
Phone: +1 313 462 0609
Mason Mount is is an energetic and versatile freelance writer for 5 years, he pens down any type of article and web content. He is a Cambridge University Business English Certificate (Europe Level) holder. He is analytical, enthusiastic, and ingenious, with the essence to work variously, strives to emerge as a lucrative individual who has a grasp on market. Congenial Interpersonal skills and the competence to grab every single trivia with foolproof analysis is something he primarily posses.