ID: MRFR/LS/0225-HCR | February 2021 | Region: Global | 115 pages
Bacterial Cell Culture Market is expected to grow significantly over the forecast period. It is projected to register at an 8.2% CAGR over the forecast period.
Bacterial cell culture is used for various purposes and plays an important role in life sciences research and diagnosis. The increasing research and development in the pharmaceutical industry and the rising prevalence of cancer and other infectious diseases are likely to provide favorable conditions for the growth of the market during the forecast period.
Various other factors, such as the growing demand for bacterial cell culture from various industries is also expected to propel the growth of the market.
However, the high cost of bacterial cell culture and scarcity of skilled workforce might hamper market growth over the forecast period.
The global bacterial cell culture market is segmented based on product, application, end user, and region.
The global market for bacterial cell culture, by product, is classified into consumables, equipment, and others. Consumables are further segmented into media, reagent, flask, and others. The equipment segment is sub-segmented into incubator, centrifuge, spectrophotometer, and others.
Based on application, the global market is segmented into biopharmaceutical, cytogenetic, food testing, water testing, and others.
Based on end users, the global market is segmented into hospitals and diagnostic centers, academic and research laboratories, biopharmaceutical companies, and others.
In the current scope of the study, the segments mentioned above are covered under four regions, namely, the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The bacterial cell culture market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European bacterial cell culture market has been segmented into Western Europe and Eastern Europe. Western Europe has been classified into Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The bacterial cell culture market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The bacterial cell culture market in the Middle East & Africa has been segmented into the Middle East and Africa.
Regional Market Summary
Global Bacterial Cell Culture Market Share (%), by Region, 2018
Sources: MRFR Analysis
The Americas dominated the market for bacterial cell culture owing to the presence of major market players in the region, strategic acquisitions by major players to enhance product portfolio, increasing research and development activities in the region and increasing prevalence of diseases leading to the high demand for drugs and other medications, technological advancements in the preclinical and clinical segment provide favorable backgrounds for the market growth in the Americas. According to the International Trade Administration (ITA), in 2016, the biopharmaceutical industry in the US spent more than USD 75 billion on research and development, which is half of the global biopharma R&D spending.
In 2018, it was estimated that Europe stood second in the bacterial cell culture market. The market growth is attributed to the boost in the biopharmaceutical sector in the region, rising government initiatives to promote research to find a cure to the increasing number of chronic diseases, increasing number of pharmaceutical manufacturers, improving economies, high per capita disposable income per individual, and increased healthcare spending are driving the growth of the market in this region. Moreover, Europe is at the forefront in terms of using advanced technology. Germany commanded the largest share in the European market for the bacterial cell culture.
Asia-Pacific (APAC) is expected to represent the fastest growth in bacterial cell culture throughout the forecast period. The growth of the Asia-Pacific bacterial cell culture market is attributed to the low manufacturing cost, low labor cost, developing healthcare infrastructure, and increased investments by the American and European market giants in Asian countries.
On the other hand, the Middle East & Africa is expected to hold the least share in the bacterial cell culture market due to the low economic development, especially in Africa.
Some of the key players operating in the global bacterial cell culture market are Becton, Dickinson and Company, bioMérieux S.A., Bio-Rad Laboratories, Inc., Eiken Chemical Co, Ltd., EMD (Merck) Millipore, Hi-Media Laboratories Pvt. Ltd., Neogen Corporation, Scharlab S.L., Thermo Fisher Scientific, Inc., and ScienCell Research Laboratories, Inc.
Global Bacterial Cell Culture Market, by Product
Global Bacterial Cell Culture Market, by Application
Global Bacterial Cell Culture Market, by End User
Frequently Asked Questions (FAQ) :
Bacterial Cell Cultures are mainly used in the life sciences to better understand the life cycles of bacteria and how infections coming from bacteria can be avoided and countered.
The Bacterial Cell Culture Market is expected to exhibit a strong 8.2% CAGR over the forecast period from 2019 to 2025.
The growing investment in the life sciences sector is the major driver for the Bacterial Cell Culture Market.
The Americas holds the largest share in the Global Bacterial Cell Culture Market.
Leading players in the Bacterial Cell Culture Market include Becton Dickinson and Company, Bio-Rad Laboratories, and Neogen Corporation, among others.