ALBANY, New York, May 6, 2013 /PRNewswire/ --
According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Cell Culture Market (Media, Sera, Reagents, Serum-free Media, Albumin, Growth Factors & Cytokines, Instruments, Bioreactors, Roller Bottle Equipment, T-flasks and Cryostorage Equipment) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," in 2011, the global cell culture market was valued at USD 8.5 billion and is expected to grow at a CAGR of 10.3% from 2012 to 2018, to reach an estimated value of USD 16.85 billion in 2018.
Browse the full report at http://www.transparencymarketresearch.com/cell-culture-the-world-market-for-media-sera-and-reagents.html
The growth of this market is driven by the shift towards use of live model systems for drug discovery and evaluation, use of animal-derived component free media and reagents, and growing demand for advanced biologics and biosimilars produced by biopharmaceutical manufacturers. Increasing demand for automated cell culture processes and systems will help boost growth in the cell culture instruments market. A shift towards contract manufacturing and research to cater to the ever-increasing demands of the healthcare sector with respect to advanced treatment options will further help fuel growth of this market during the forecast period from 2012 to 2018.
The market for serum-free media is the fastest growing segment with a CAGR of 21.1%. The adoption of serum-free, chemically defined and specialty media will be considerably high, driving growth of this segment. The bioreactor and culture system segments form the most attractive markets in the consumables segment, in term
|SOURCE Transparency Market Research|
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