With cell culture making up such an integral part of the research conducted by laboratories around the world, it’s no wonder that the cell and tissue culture markets continue to experience growth. In a recent report, the global cell and tissue culture supplies market was valued at more than $16 billion in 2014. The report suggests that the market will grow at a CAGR of 9.5% from 2014, potentially reaching more than $28 billion by 2020.
Why such growth?
The applications of cell culture continue to diversify, which itself is a powerful driver of innovation; developments like advanced culture surfaces, porous membranes and novel microplate designs are being introduced in order to help move research forward. In addition to this, the demand for biopharmaceuticals is also a substantial contributor to the growth of the cell culture market – the global biopharmaceutical industry is predicted to exceed $167 billion this year!
3D cell culture has become especially popular due to its better representation of in vivo conditions than traditional 2D culture. This has resulted in a rapid increase of the 3D cell culture market value, which is expected to reach over $2 billion by 2019, with a five-year CAGR of 30.1%. The cells and tissues category represents the largest segment of the profitable 3D cell culture market with 57% market share in 2013.
This puts sizable pressure on the cell and tissue culture supplies industry to continue meeting the existing requirements of cell and tissue culture laboratories. In addition to keeping pace with demand in this area, there is also the necessity for cell culture supplies to conform to increasingly stringent degrees of license and accreditation procedures, coupled with a need to keep costs and environmental impacts at a minimum.
It is expected that global cell and tissue culture suppliers will continue to heighten their focus on solving challenges faced by those in the laboratory, requiring innovation and smart, productive solutions that can improve life in the lab while advancing the pace of discovery.
Learn more from our experts! For the latest news and advancements in cell culture, visit the Thermo Fisher Scientific Cell Culture Community today.
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