According to a new market research report, the Cell Culture industry is expected to grow from $16.10 billion in 2019 to $36.92 billion by 2027, registering a CAGR of 10.9% from 2020 to 2027. The report, published by Allied Market Research, is titled “Cell Culture Market by Product, Application, End User: Global Opportunity Analysis and Industry Forecast, 2020–2027.”
Key Growth Drivers
Rising adoption of cell culture techniques, increased research funding, and a surge in cancer prevalence are the primary forces propelling the global cell culture market forward. While high capital investment and limited infrastructure for cell-based research pose challenges, the growing demand for advanced technologies continues to unlock lucrative opportunities for market players.
The Covid-19 pandemic further amplified the need for cell culture products, as researchers leveraged these techniques to study lung disease mechanisms at a cellular level and accelerate the development of therapeutic interventions.
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Segment Highlights
By product, the consumables segment dominated the market in 2019, capturing more than two-thirds of the global share. Driven by repeated purchasing cycles and increased funding for cell-based research, this segment is projected to register the highest CAGR of 11.7% through the forecast period.
By application, tissue engineering & regenerative medicine led the market in 2019, holding nearly two-fifths of the total share — fueled by advancements in biotechnology and its growing implementation in the biopharmaceutical sector. The cancer research segment, however, is poised to grow at the fastest CAGR of 13.2%, as cell culture techniques prove instrumental in identifying physiologically relevant drug targets.
Regional Insights
North America held the largest regional share in 2019, accounting for over two-fifths of the global market, supported by strong availability of cell culture instruments, a high concentration of key players, and robust cancer research activity. Meanwhile, Asia-Pacific is expected to register the highest CAGR of 12.8% during the forecast period, driven by rising awareness of cell culture techniques, expanding R&D infrastructure, and growing research investments.
Leading Market Players
The report profiles key companies including –
- Becton,
- Dickinson and Company
- Corning Incorporated
- Eppendorf; Sartorius AG
- Merck KGaA
- Lonza Group AG
- PromoCell GmbH
- Danaher Corporation
- Thermo Fisher Scientific and
- HiMedia Laboratories.
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According to analyst perspective, the factors which fuel the growth of the global cell culture market include surge in prevalence of cancer and rise in research related to cancer, which involves the use of cell culture technique. Furthermore, experts of key companies believe that factors such as surge in drug discovery across the globe, rise in adoption of cell culture technique, and increase in healthcare expenditure fuel the growth of the cell culture market.
The other major factors that contribute toward the growth of the market include launch of novel and advanced instruments and consumables in the market. Moreover, on the basis of region, the North America cell culture market acquired the majority of share owing to rise in healthcare expenditure and easy availability of cell cultures instruments and consumables. Similarly, Asia-Pacific is expected to exhibit fastest growth rate during the forecast period owing to factors such as surge in adoption of cell culture technique.
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