Global Media Sera and Reagents Cell Culture Market - Overview —
Media sera and reagents cell culture are consumables used in cell culture. These media sera and reagents cell culture provides artificial environment for the growth of the cell by providing essential nutrients.
The market for media sera and reagents cell culture is growing a healthy growth due to a host of factors such as increasing incidence of chronic diseases, growth in the number of regulatory approvals for cell culture-based vaccines, and evolution of genetic engineering, artificial organs, and recombinant DNA technology, amongst others have driven this market. Additionally, rising demand for well-developed healthcare sector is pushing the growth of media sera and reagents cell culture market. Similarly, growth strategies such as new product innovation, and merger & acquisition activities taken up by major market players are likely to enhance the growth of media sera and reagents cell culture market.
For instance, according to National cancer institute, in 2016, around 1,685,210 new cases of cancer were diagnosed in the U.S. Similarly, in 2016, U.S. spent over USD 125 billion for cancer care and is expected to spend over USD 156 billion by 2020.This rising case in chronic diseases are likely to enhance the growth of media sera and reagents cell culture market.
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However, factors such as high cost and lack of infrastructure for cell-based research are likely to hamper the growth of media sera and reagents cell culture market.
The global market consists of players such as Thermo Fisher Scientific, Inc., Merck KGaA, GE Healthcare, Lonza Group AG, Becton, Dickinson and Company, Corning, Inc., Eppendorf AG, Hi-Media Laboratories, Sartorius AG, and Promocell GmbH are some of the prominent players at the forefront of competition in the global media sera and reagents market and are profiled in MRFR Analysis report.
MRFR has segmented its analysis into four key dynamics for enhanced understanding.
By Types: Media (chemically defined media, serum-free media, protein free media, classical media, and others.), Sera (fetal bovine serum, newborn calf serum, and others.), and Reagents (antibiotics, biological detergents, biological buffers, cell viability kits and reagents and others.).
By Applications: Cancer Research, Virology, Toxicity Testing, Vaccine Production, and Drug Development among others.
By End-Users: Research Laboratories, Academic Institutes, and Pathology Labs, among others.
By Regions: North America, Europe, APAC and Rest-of-the-World.
The media sera and reagents cell culture market is segmented based on regions into Americas, Europe, Asia Pacific, and the Middle East & Africa. Americas region has been dominant over the years in terms of market sizing of the market. The highly developed Life Science industry in the US, and presence of large number of companies in the region is one of the prime factors responsible for the growth of the American market. Moreover, increase in the rate of the chronic diseases over the last decade, increased government support and funding for cell-based research, automation of the research industry has been a great boost in the growth of the media sera and reagent cell culture market in the American region.
European region has also observed an exponential growth in the market. Expansion of the major companies in the European region, increased product approval, growing prevalence of chronic diseases, rising geriatric population susceptible to various chronic conditions, and eventually rising patient population and rising healthcare expenditure are some of the growth factors in the European region. According to Eurostat, older population in Europe is expected to rise from 5.45% in 2016 to 12.7% by 2080. This rising older population and growing patient population is likely to enhance the growth of media sera and reagents cell culture market in Europe.
Asia pacific region is expected to be fastest growing region in media sera and reagents cell culture market owing to its growing population and increasing healthcare expenditure and demand for new treatment options. Apart from that, increased investments by big players in the Asian countries such as India and China may fuel the growth of the market in this region.
On the other hand, the Middle East & Africa is expected to witness limited growth due to limited access to the healthcare resources and lack of awareness about rare diseases. In the Middle East, the growth of the market is driven by increasing availability new diagnostic and treatment methods.
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