Cell Culture Media Market Share

North American Market Forecast

The cell culture media market in North America is projected to be the largest with a share of about 35% by the end of 2037. The growth of the market can be attributed majorly to the growing investment in the biopharmaceutical sector as well as growing advancements in the field of gene therapy, tissue engineering, production of vaccines, antibiotics, and artificial hormones. As per findings, federal research funding, in the field of human genetics and genomics research reached about USD 3.3 billion in 2019. Moreover, the rising number of organ transplants as well as the increasing popularity of processes such as in vitro fertilization, and cryo-preservation is also anticipated to boost the regional market growth.

APAC Market Statistics

The Asia Pacific cell culture media market is estimated to be the second largest, registering a share of about 27% by the end of 2037. The growth of the market can be attributed majorly to the rising investment in the field of biotechnology and the growing investigations of basic cell biology together with the rising approvals for cell culture-based vaccines and therapeutics. Moreover, the rising prevalence of immune diseases along with increasing incidence owing to diseases such as cancer that necessitates the replication of disease mechanisms, besides investigating the toxicity of novel drug compounds is also anticipated to boost the market growth in the region.

Europe Market Forecast

Further, the cell culture media market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market in the region can primarily be attributed to the growing geriatric population as well as the surge in demand for personalized medicine, along with the expanding R&D activities for various chronic diseases. Additionally, the presence, as well as the expansion of some major players in the region, is further expected to boost regional market growth.