Market Size of Global Culture Media Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 6.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Culture Media Market Analysis
The culture media market is expected to register a CAGR of 6.5 % during the forecast period.
The current COVID-19 outbreak is having a positive impact on the growth of the market, as biopharmaceutical innovators are at the forefront of in vitro research and development for the search of vaccine and antiviral. The in-vitro evaluation of vaccine and antivirals generally requires a culture media in which the targeted virus or bacteria is cultured and the response is identified. The rising focus of pharmaceutical industries on research and development is fuelling the demand for culture media. For instance, in March 2020, Dynavax Technologies and Clover Biopharmaceuticals entered into a new research collaboration to develop Clover's vaccine candidate, COVID-19 S-Trimer. The trimer is produced with the help of a rapid mammalian cell culture-based expression system developed by Clover.
The culture media market is expected to grow at high growth rate due to the increasing research and development investment by private and public companies for vaccines and drugs against microorganisms. For instance, as per Clinical Trials.gov, as of February 2020, there were around 1,126 clinical trials going on for antiviral therapeutics. These trials are mainly driven by the fact that there is an increasing burden of viral infections among populations.
As per the annual report of the companies in 2019, Johnson and Johnson invested USD 11.36 billion in research and development (R&D), whereas Roche's R&D expense amounted to CHF 11.7 billion. The recent technological developments by the market players are also contributing to the growth of the market studied. For instance, in October 2019, Thermo Fisher Scientific launched Gibco BenchStable Media, a new cell culture media that remains stable in the room and provides a flexible alternative and reduces the dependence of researchers on cold storage without disrupting the existing workflow. However, the stringent regulatory issues for the use of animal-derived products in culture media are expected to be the restraint culture media market growth.
Culture Media Industry Segmentation
As per the scope of the report, culture media is a special medium or a substance that encourages the growth, support, and survival of microorganisms. The culture media market is segmented by media type (chromogenic culture media, dehydrated culture media, and prepared culture media), end user (biotechnology and pharmaceutical industry, academic institute, and other end users), and geography (North America, Europe, Asia-Pacific, Middle-East, and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above-mentioned segments.
| By Media Type | |
| Chromogenic Culture Media | |
| Dehydrated Culture Media | |
| Prepared Culture Media |
| By End User | |
| Biotechnology and Pharmaceutical Industry | |
| Academic Institute | |
| Other End Users |
| Geography | ||||||||
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Global Culture Media Market Size Summary
The culture media market is poised for significant growth, driven by the increasing investments in research and development within the biopharmaceutical sector. The COVID-19 pandemic has accelerated this trend, as the need for in vitro research to develop vaccines and antivirals has heightened the demand for culture media. Pharmaceutical companies are heavily investing in R&D to combat viral infections, which is further propelling market expansion. Technological advancements, such as Thermo Fisher Scientific's Gibco BenchStable Media, are also contributing to market growth by offering innovative solutions that reduce reliance on cold storage. However, regulatory challenges concerning the use of animal-derived products in culture media may pose constraints to market development.
Regionally, North America dominates the culture media market, supported by substantial R&D investments and technological innovations. The pharmaceutical industry in this region is highly research-intensive, with significant federal funding bolstering biopharmaceutical research and development. The presence of major global manufacturers in North America further enhances the regional market's growth. The competitive landscape of the culture media market is characterized by the dominance of key players such as Becton, Dickinson and Company, Bio-Rad Laboratories Inc., and Merck & Co. Inc., among others. These companies are actively engaged in developing new products and technologies to meet the rising demand for culture media, particularly in the context of ongoing clinical trials and drug development initiatives.
Global Culture Media Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 High Funding for Research and Development
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1.2.2 Technological Advancements
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1.3 Market Restraints
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1.3.1 Stringent Regulatory Issues
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Media Type
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2.1.1 Chromogenic Culture Media
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2.1.2 Dehydrated Culture Media
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2.1.3 Prepared Culture Media
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2.2 By End User
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2.2.1 Biotechnology and Pharmaceutical Industry
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2.2.2 Academic Institute
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2.2.3 Other End Users
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle-East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle-East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Global Culture Media Market Size FAQs
What is the current Global Culture Media Market size?
The Global Culture Media Market is projected to register a CAGR of 6.5% during the forecast period (2024-2029)
Who are the key players in Global Culture Media Market?
Becton, Dickinson and Company, Fujifilm Holdings Corporation, Corning Incorporated, GE Healthcare and Caisson Laboratories, Inc. are the major companies operating in the Global Culture Media Market.
