New York, Dec. 14, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Recombinant Cell Culture Supplements Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027” – https://www.reportlinker.com/p06373105/?utm_source=GNW
Coli Expression System, Yeast Expression System, Others), By End User (Academic & Research Institutions, Biotechnology & Pharmaceutical Companies, Others), and By Region
The global recombinant cell culture supplements market is anticipated to observe impressive growth during the forecast period, 2023-2027.The major factors include growing demand for animal free recombinant cell culture supplements and increase in investments in R&D are curbing the growth of the market.
Cell culture is a process of removing cells from plant source or animal and rising subsequently under regulated conditions.Cell culture is an important technique used in the diagnostic laboratories, research institutes, pharmaceutical and biotechnology industries, for applications such as drug discovery, production, and diagnostic screening.
The other factors supporting the market’s growth are, rise in demand in cell culture projects, increasing government investments, growing number of mergers and strategic acquisitions, and technological advancements.
Rising Demand for Recombinant Cell Culture Supplements
Over the past few years, there is a surge in demand for recombinant cell culture supplements as cell culture is an essential part of manufacturing and drug research and development.It plays a vital role in enriching cell viability, providing a healthy culture, and customizing the cell culture in accordance with the requirements of the individual.
Owing to various kinds of diseases such as infectious, communicable, non-infectious, chronic and others present across the world, the demand for variety of recombinant vaccines, advanced therapies, proteins, and biopharmaceuticals are rising. Furthermore, rising demand for stem cell therapy for clinical treatment of various diseases and growing patients acceptance are bolstering the growth of the market.
Increasing Investments and R&D Activities
Huge investments are invested on various R&D activities by governments and key market players, which strengthens the market growth.Manufactures are focusing on expanding the production, which is driving the growth of the market.
For instance, in 2019, FUJIFILM Irvine Scientific announced the construction of new cell culture production bases in Europe and Netherlands.The increasing investments and manufacturing capacity expansion is fueling the growth of the market.
Recombinant cell culture supplements are a crucial part of cancer research.Therefore, rising R&D activities in oncology and stem cell research is propelling the growth of the market.
Pharmaceutical and biotechnology companies majorly focus on research and development (R&D) activities in the life science sector, which is augmenting the growth of the market. In the U.S, the revenue in Scientific Research & Development is anticipated to amount to USD 8.11 billion by the end of 2022.
Increasing Demand for Animal-Free Recombinant Cell Culture Supplements
Owing to the rising demand of animal free products, manufacturers are focusing on animal-free recombinant cell culture supplements.The surge in demand is attributed to the various factors such as they are manufactured using all human production system, it eliminates the risk of contamination, and no animals derived cells are used.
Animal free recombinant cell culture supplements are free of any animal elements such as endotoxin, serum, and others. Moreover, animal-free growth factors & recombinant cell culture supplements are obtaining high acceptance in various research applications, which is fostering the growth of the market, globally.
The global recombinant cell culture supplements market is segmented into product, application, expression system, end user and company.Based on product, the market is divided into recombinant albumin, recombinant insulin, recombinant epidermal growth factors, recombinant transferrin, recombinant trypsin, and others.
Based on application, the market is divided into regenerative medicine and bio-production.Based on regenerative medicine, the market is further segmented into stem cell therapies, cell therapies, and gene therapies.
Based on bio-production, the market is further divides into monoclonal antibodies, recombinant proteins, hormones, vaccines, and others. Based on expression system, the market is divided into mammalian expression system, E.coli expression system, yeast expression system, and others. Based on end user, the market is divided into academic & research institutions, biotechnology & pharmaceutical companies, and others. In terms of country, the United States is expected to be a lucrative market in the forecast period due to rising demand for animal free recombinant cell culture supplements in the country.
Abcam plc., Corning Incorporated, BBI Solutions OEM Limited, FUJIFILM Irvine Scientific, Inc., Gemini Bioproducts, LLC, HiMedia Laboratories, LLC, Kingfisher Biotech, Inc., Lonza Group AG, Merck KGaA, and Novus Biologicals, LLC are some of the leading companies operating in the market.
In this report, global recombinant cell culture supplements market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Recombinant Cell Culture Supplements Market, By Product:
o Recombinant Albumin
o Recombinant Insulin
o Recombinant Epidermal Growth Factors
o Recombinant Transferrin
o Recombinant Trypsin
• Recombinant Cell Culture Supplements Market, By Application
o Regenerative Medicine
Stem Cell Therapies
• Recombinant Cell Culture Supplements Market, By Expression System:
o Mammalian Expression System
o E. coli Expression System
o Yeast Expression System
• Recombinant Cell Culture Supplements Market, By End User:
o Academic & Research Institutions
o Biotechnology & Pharmaceutical Companies
• Recombinant Cell Culture Supplements Market, By Region:
o North America
o Europe & CIS
o South America
o Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in Global Recombinant Cell Culture Supplements Market
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06373105/?utm_source=GNW
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