Advances in biotechnology and life science research coupled with broader range of application areas are expected to drive growth in the cell/tissue culture market. Growth is likely to be fueled by heightened interest in biopharmaceutical therapeutics, human and veterinary vaccine applications, and growing success of industrial biopharmaceuticals.
San Jose, CA (PRWEB) November 6, 2008 -- Cell culture is of vital importance in the life sciences industry for both research and industrial use. On the research front, cell cultures find extensive application in toxicology studies for initial-stage screening of compounds in drug discovery. The market is also expected to receive a shot in the arm as cell and tissue therapies emerge as one of the unique approaches to treating diseases. Further, funding for research on stem cells is expected to drive demand for cultures specific to stem cells.
Cell/tissue culture involves a diverse assortment of media, sera and reagents. Products essential for sustenance of cells grown in a defined mixture are termed as cell culture media. Cell culture media are pH-balanced blends of amino acids, salts, vitamins, and sugars, which supply essential nutrients required for cell growth in an artificial environment. Cell culture media includes a wide range of products, such as nutrient media solutions, powdered nutrient media, antibiotics, balanced salt solutions, buffers and stock reagent concentrates. Major application areas of cell/tissue culture include biotechnology, microbiology, medicine, pharmaceuticals, agriculture, cosmetics and food additives.
Global market for Cell/Tissue Culture Supplies is projected to reach US$4.96 billion by 2012, as stated in a recent report published by Global Industry Analysts, Inc. The US represents the largest market for cell/tissue culture supplies in the world with sales estimated at over US$1.27 billion for 2008. Reagents represents the largest as well as fastest growing product segment in the world with sales estimated at US$1.35 billion for 2008. The market is forecast to reflect a CAGR of 12.8% over the period 2008-2012. Global market for Sera is projected to reach US$1.11 billion by 2012.
Major players profiled in the report include Affymetrix Inc., AMRESCO Inc, Analytical Biological Services, BD Biosciences, Cell Culture Technologies, Cell Essentials Inc., Invitrogen Corporation, Irvine Scientific, Lonza Biologics Plc, Mediatech Inc., Millipore Corporation, Medi-Cult A/S, MP Biomedicals, PerBio Science AB, PromoCell GmbH, Sera Laboratories International, Sigma-Aldrich Corporation, USB Corp, Vitrolife AB, and Wisent Inc.
The report, titled "Cell/Tissue Culture Supplies: A Global Strategic Business Report" published by Global Industry Analysts, Inc. covers major market dynamics, trends, and competition pertaining to the market. The report enumerates recent developments, mergers, acquisitions and other strategic industry activities. Product segments analyzed in the study include Media, Sera, and Reagents. Analysis for the period 2000 through 2015 is presented for established and emerging markets including United States, Canada, Japan, France, Germany, United Kingdom, Italy, Asia-Pacific, and Latin America.
For more details of this research report, please visit http://www.strategyr.com/Cell_Tissue_Culture_Supplies_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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