The Cell Culture Market Is Estimated To Witness High Growth |...

The Cell Culture Market Is Estimated To Witness High Growth

Posted 2023-11-07 12:38:27

The cell culture market is estimated to be valued at US$ 10.89 Bn in 2023 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Cell culture refers to the process by which cells are grown under controlled conditions outside of their natural environment. It involves taking a sample of living cells from an animal or plant and growing them in a specially formulated liquid nutrient medium that is designed to support cell growth while maintaining the cells' viability. The cells continue to carry out their normal functions outside the body as they would inside. Cell culture has applications in various end-use industries such as biotechnology, pharmaceuticals, cosmetics, and food.

Market Dynamics:
The growth of the cell culture market is majorly driven by the rising demand for cell-based therapies and increasing adoption of regenerative medicine. According to the Alliance for Regenerative Medicine, over 1,000 cell therapy clinical trials were underway globally as of 2021. Regenerative medicine utilizes living cells and tissues to repair, replace or regenerate human cells, organs or tissues. Cell culture is a crucial step in various regenerative medicine applications. Additionally, advancements in cell culture techniques are enabling the development of 3D cell cultures with better cellular interactions, improving the reliability of cell-based research and applications. However, high set up costs associated with cell culture equipment and infrastructure is expected to hinder the market growth during the forecast period.