Global Culture Media Market Report and Forecast 2024-2032

Global Culture Media Market Outlook

The global culture media market size reached a value of approximately USD 6.48 billion in 2023. The market is further projected to grow at a CAGR of 8.90% between 2024 and 2032, reaching a value of USD 13.95 billion by 2032.

Key Trends in the Market

Culture media often known as growth medium is used for providing essential minerals and nutrients for supporting the growth of the microorganisms in laboratories. Culturing microorganisms is essential for obtaining antigens, identification of microbial species, and diagnosing infectious diseases.

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• The rising investments in research and development activities in the life science sector by various governments is fuelling the culture media market growth across the globe. Research in healthcare and life science is important as it provides vital information about risk factors and disease trends and outcomes of treatments.

• Growing population, rising incidences of infectious diseases, and increasing risk of pandemic are further enhancing the demand for culture media globally. Culture media plays a vital role in pharmaceutical microbiology by ensuring conduction of repeatable, accurate, and reproducible microbiological tests.

• Demand for monoclonal antibodies which are prepared using culture media and are capable of reducing deaths and hospitalisations of patients is rising rapidly, contributing to the growth of the market.

Market Analysis

Based on type, the market is divided into classical media, serum-free media, specialty media, lysogeny broth, chemically defined media, stem cell media, and custom media formulation, among others. On the basis of research type, the culture media market is segmented into cytogenetics and cell therapy, among others. By application, the market is categorised into cancer research, biopharmaceuticals, regenerative medicine and tissue engineering, stem class technology, and drug discovery, among others.

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Based on end user, the market is classified into academic institute, research laboratory, and biotechnology and pharmaceutical industry, among others. On the basis of region, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global culture media market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Avantor, Inc.

• Becton, Dickinson and Company

• Bio-Rad Laboratories, Inc.

• Corning Incorporated

• FUJIFILM Holdings Corporation

• Global Life Sciences Solutions USA LLC (Cytiva)

• HiMedia Laboratories Private Limited

• Lonza Group Ltd

• Merck KGaA

• Thermo Fisher Scientific Inc.

• Others

Market Share by Type

The serum-free media accounted for a significant share in the market owing to its comparatively consistent performance and better control over psychological responsiveness. Serum-free media is used for growing specific cell types and for performing specific applications in the absence of a serum. It supports increased growth of microorganisms and the risk of contamination by serum borne agents reduces in cell culture, which is further increasing the demand for serum-based media in the research and life science sectors.

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Market Share by Region

North America held a significant share of the global culture media market owing to the growing regulatory approvals by governments for cell culture-based vaccines and medications. The increasing presence of pharmaceutical and biotechnology companies in the region is boosting the conduction of research activities, resulting in an increased demand for culture media. The governments in North America are also increasingly investing in cell-based researches, further supporting the market expansion.

Competitive Landscape

Avantor, Inc. was founded in 1904 and is headquartered in Pennsylvania, United States. The healthcare company provides services and chemical products to the healthcare, biopharma, and education sectors.

Becton Dickinson and Company is a medical device company that was founded in 1897 and is headquartered in New Jersey, United States. The company is known for manufacturing and selling instrument systems, medical devices, and reagents.

Bio-Rad Laboratories, Inc. was established in 1952 and has its headquarters located in California, United States. The research company develops and manufactures specialised technological products for clinical diagnostic markets.

Other players in the culture media market include Corning Incorporated, FUJIFILM Holdings Corporation, Global Life Sciences Solutions USA LLC (Cytiva), HiMedia Laboratories Private Limited, Lonza Group Ltd, Merck KGaA, and Thermo Fisher Scientific Inc., among others.

Key Highlights of the Report