Global Gene Therapy Cell Culture Media Market Size By Media Type(Serum-containing Media, Serum-free Media), By End User(Biotechnology & Pharmaceutical Industry, Academic Institute), By Geographic Scope And Forecast
Global Gene Therapy Cell Culture Media Market Size By Media Type(Serum-containing Media, Serum-free Media), By End User(Biotechnology & Pharmaceutical Industry, Academic Institute), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Gene Therapy Cell Culture Media Market Size And Forecast
Gene Therapy Cell Culture Media Market size was valued at USD 191.51 Million in 2024 and is projected to reach USD 375.84 Million by 2031, growing at a CAGR of 9.70% during the forecast period 2024-2031.
The major factors that contribute toward the expansion of the Gene Therapy Cell Culture Media Market include a rise in R&D investments and growth in awareness regarding gene therapy. Furthermore, factors like an increase in government support, ethical acceptance of gene therapy for cancer treatment, and a rise in the prevalence of cancer fuel the expansion of the market. The Global Gene Therapy Cell Culture Media Market report provides a holistic evaluation of the market through a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that play a substantial role in the market.
Global Gene Therapy Cell Culture Media Market Definition
Gene therapies are treatments applied to a broad range of diseases. They radically treat the explanation for the diseases rather than only relieving the symptoms. Furthermore, they’ll be effective on a good range of previously untreated diseases, like hematological, ocular, neurodegenerative diseases, and several other cancers. Gene therapy cell culture media consists of important nutrients that provide ample energy to manage a healthy cell cycle.
Moreover, it contains animal-derived nutrients, bovine serum, and growth factors like EGF, FGF, IGF, and PDGF. Different culture media are available within the marketplace for various cell cultures to survive and grow in their incubation environment. The Market is growing considerably within the near future, owing to various factors like an surging investments and funding for R&D and innovation in life sciences, especially biopharmaceutical products.
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Global Gene Therapy Cell Culture Media Market Overview
Rise in R&D investments, surge in awareness regarding gene therapy, advancements associated with gene therapy, and increase in the prevalence of cancer drive the expansion of the worldwide Gene Therapy Cell Culture Media Market. However, scarcity of skilled professionals, high costs associated with gene therapies, and ethical & scientific concerns regarding culture media hinder the market growth. On the opposite hand, the untapped potential of the emerging countries presents new opportunities within the coming years.
There has been increasing in demand for media like improved protein-free media for the growth and development of viral vectors during the pandemic. The demand for gene and cell therapy for the development of the Covid-19 vaccine has been increased in clinical trials as many gene therapy companies perceive this as a chance to seek out a vaccine.
The Gene Therapy Cell Culture Media Market is really taking off, and a big reason is all the research and development happening around the world. Pharma and biotech companies are pouring money into gene therapy research. Take ‘Asklepios BioPharmaceutical Inc.’ for example – they dropped USD 235 million in April 2019 to boost their clinical trials. And ‘Pfizer’ said in August 2019 they're putting USD 500 million into a gene-therapy manufacturing and research center in Sanford, North Carolina. But, it’s not all smooth sailing. The high costs of treatment and the risk of nasty immune reactions could slow things down for the Gene Therapy Cell Culture Media Market.
Global Gene Therapy Cell Culture Media Market Segmentation Analysis
The Global Gene Therapy Cell Culture Media Market is Segmented on the basis of Media Type, End User, And Geography.
By Media Type
Serum-containing Media
Serum-free Media
Stem Cell Media
Specialty Media
Chemically Defined Media
Others
Based on Media Type, the market is segmented into serum containing media, serum free media, stem cell media, specialty media, chemically defined media, and other. on the basis of media type, the chemical defined media is the major revenue contributor, and is projected to grow significantly during the forecast period. This is attributed to the repeated purchase of consumables and increased funding for cell-based research. s. In addition, the viral vectors are divided into retroviruses, lentiviruses, adenoviruses, adeno associated virus, herpes simplex virus, poxvirus, vaccinia virus, and others.
By End User
Biotechnology & Pharmaceutical Industry
Academic Institute
Research Laboratory
Others
Based on End User, the market is segmented into biotechnology & pharmaceutical industry, academic institute, research laboratory, and others. Pharmaceutical & Biotechnology industry segment is the major shareholder in the Gene Therapy Cell Culture Media Market, owing to expansion of major pharmaceutical companies, increase in government support and ethical acceptance of gene therapy for cancer treatment.
By Geography
North America
Europe
Asia Pacific
Rest of the world
Asia-Pacific presents lucrative opportunities for key players operating in the Gene Therapy Cell Culture Media Market, owing to awareness regarding gene therapy for cancer treatment, and rise in prevalence of cancer. The other factors that boost the growth of the market include surge in research funding in the region. Furthermore, focus of leading manufacturers on expanding their geographical presence in emerging Asia-Pacific countries to capture high market share is expected to drive the growth of the cell culture market in the region.
Key Players
The major players in the market are Fujifilm Holdings Corporation, HiMedia Laboratories Pvt., Ltd, Lonza Group Ltd, Sartorius AG, Thermo Fisher Scientific Inc., Merck KGaA, Danaher Corporation, Takara Holdings Inc., Novartis International AG, and Bio-Techne Corporation.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
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