(EMAILWIRE.COM, January 31, 2017 ) The increasing incidence of chronic diseases, growth in the number of regulatory approvals for cell culture-based vaccines, rising demand for mAbs, funding for cell-based research, growing use of single-use technologies, and technological advancements in cell culture products are key factors driving the market growth. However, factors such as high cost of research in cell biology and lack of infrastructure for cell-based research may hinder the market growth.

Browse 232 market data Tables and 57 Figures spread through 264 Pages and in-depth TOC on "Cell Culture Market- Forecast to 2020"
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Based on products, the cell culture market is segmented into instruments and consumables. The consumables segment is expected to account for the largest share in 2015. This segment is also slated to witness the highest CAGR during the forecast period owing to the repeated purchase of consumables compared to instruments.

Based on applications, the cell culture market is segmented into biopharmaceutical/therapeutics, stem cell technologies, drug screening & development, tissue engineering & regenerative medicine, cancer research, and other applications. The biopharmaceutical/therapeutics segment is expected to grow at the highest CAGR during the forecast period. The high growth of this segment is attributed to the growing benefits of cell culture-based vaccines coupled with increasing regulatory approvals. In addition to this, the increasing risk of pandemics and communicable diseases is one of the key factors driving the growth of this market.

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Based on end users, the market is segmented into pharmaceutical & biotechnology companies and research institutes. The market for pharmaceutical and biotechnology companies is expected to witness the highest CAGR due to the increasing number of regulatory approvals for cell culture-based vaccines and the presence of a large number of pharmaceutical companies in the cell culture market.

The global market is dominated by North America, followed by Europe. The market in Asia is expected to witness the highest CAGR during the forecast period. Factors such as favorable regulatory guidelines, government support for cell culture-based vaccine production, low manufacturing cost, and growing focus of global market players are expected to fuel the growth in emerging Asian economies.

Key players in this market include Thermo Fisher Scientific, Inc. (U.S.), Merck KGaA (Germany), GE Healthcare (U.K.), Lonza Group AG (Switzerland), Becton, Dickinson and Company (U.S.), Corning, Inc. (U.S.), Eppendorf AG (Germany), Hi-Media Laboratories (India), Sartorius AG (Germany), and Promocell GmbH (Germany).

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