Growth Drivers
Challenges
Regionally, the global automated cell culture market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is projected to garner the largest revenue of USD 11542.0 Million by the end of 2031, up from a revenue of USD 5104.0 Million in the year 2021. The growth of the market in the region can primarily be attributed to the surge in demand for personalized medicine, surge in R&D activities related to cancer and other chronic diseases, increasing R&D expenditure, and for the presence of major players in the region. According to the statistics by the National Cancer Institute (NCI) of the United States Department of Health and Human Services (National Institutes of Health), the NCI budget for funding for research in cancer touched USD 6440.4 Million by the end of 2020, up from USD 4952.6 Million in the year 2015. On the other hand, the market in Europe is projected to garner the second-largest revenue of USD 6790.5 Million by the end of 2031, up from a revenue of USD 2954.7 Million in the year 2021. The market in the region is further segmented by country into Germany, United Kingdom, Italy, France, Spain, Russia, Netherlands, and the Rest of Europe. The market in Germany is projected to garner the largest revenue of USD 1333.0 Million by the end of 2031, up from a revenue of USD 540.7 Million in the year 2021.
The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
7.9% |
Base Year Market Size (2024) |
USD 12.68 billion |
Forecast Year Market Size (2037) |
USD 34.07 billion |
Regional Scope |
|
Author Credits: Radhika Pawar
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