The cell culture market involves growing cells in a controlled environment outside their natural environment. Cell culture is done for various purposes such as vaccine production, gene therapy, drugs testing, and medical research. Cells can be grown on surfaces or suspended in liquid media. Animal cells and bacterial cells are commonly used in cell culture. The advantages of cell culture include enabling unlimited production of cells for experiments, directly observing cell behavior, and allowing addition of substances to study their effects. With increasing adoption of cell culture in pharmaceutical and biotechnology R&D activities, the global market is projected to grow at a significant rate during the forecast period.
The Global Cell Culture Market is estimated to be valued at US$ 19,198.0 Mn in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030.
Key Takeaways
Key players operating in the cell culture market are Corning Incorporated, Merck KGaA, Sartorius AG, BioSpherix, Ltd., Cell Culture Company, LLC, Thermo Fisher Scientific Inc., VWR International LLC, and Lonza. These players are focusing on new product launches and expansion strategies to gain market share.
The key opportunities in the market include increasing demand for monoclonal antibodies and rising stem cell research. The production of monoclonal antibodies is one of the major applications of cell culture technology. Asia Pacific represents a lucrative market for players due to presence of developing economies, increasing biotech industry and rising stem cell research in countries like China and India.
Globally, North America dominates the cell culture market followed by Europe and Asia Pacific. However, Asia Pacific is expected to witness highest growth during the forecast period owing to expanding biotechnology and pharmaceutical industries.
Market Drivers
The major driver for the growth of cell culture market is increasing adoption of cell culture in R&D activities in pharmaceutical and biotechnology sectors. Cell culture finds wide application in early drug discovery, toxicity testing, and bioproduction. It helps pharmaceutical companies reduce costs and saves time involved in drug development. Further, rising demand for biologics and monoclonal antibodies will accelerate the market growth in coming years.
PEST Analysis
Political: The cell culture market is regulated by various government agencies and bodies. Changes in regulations can impact the demand for cell culture products.
Economic: The rising healthcare spending across countries is fueling the growth of the cell culture market. The market is also benefiting from increasing R&D investments in cell-based research.
Social: Growing awareness about chronic diseases and various applications of cell cultures in the development of new therapeutic options is driving more research activities in this area.
Technological: Advanced cell culture technologies like 3D bioprinting and microfluidics are gaining traction. Such innovative technologies allow scientists to culture cells in more realistic microenvironments. Developers are also focusing on automated cell culture systems.
Geographical Regions of Concentration
North America currently accounts for the largest share of the global cell culture market in terms of value. This is attributed to the presence of well-established research infrastructure and biotechnology industry in the region. countries like the US and Canada have a high number of ongoing clinical trials for new drugs which uses cell cultures.
Fastest Growing Region
The Asia Pacific region is expected to witness the highest growth over the forecast period due to increasing healthcare spending, rising awareness about cell-based research, and growing biotechnology industry in emerging nations like China and India. China is fast emerging as a major market for cell cultures globally.
Inclusion of network intelligence allows mobile network operators (MNOs) to achieve efficient network management and cross spectrum protection.This report includes a comprehensive analysis of the adoption of AI in telecom, highlighting the major technology trends and opportunities available across the ecosystem.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/artificial-intelligence-insight-series-artificial-intelligence-in-telecom/request-sampleCompetitive AnalysisThis section includes a study of key telecom companies and other emerging entities in the AI in telecom space.
Some of the key entities included in the report are AT, Verizon, Nokia, Huawei, Ciena, Rakuten, and Orange.Further, the report includes approximately 40 startups that are concentrating on various technological aspects like SON, cloud-native, network analytics, AI hardware, and interference cancellation.
Some of the startups reported include Cellwize, Altiostar, CujoAI, Kumu Networks, GenXcomm, Cambricon, Pivotal Commware, Metawave, Senseon, Parallel Wireless, Galgus, and Affirmed Networks.M AnalysisAn assessment of the acquisition trends since 2014 provides insights about the technology drivers in the AI-driven telecom market.
The key technologies include cloud-native solutions, security, virtualized RAN, SON, and network analytics.Distribution of these deals over the years provides an overview of the roadmap that the acquirers are following and highlights the unique value proposition behind the mergers and acquisitions.The prominent participants in the space include telecom solution providers, MNOs, startups and investors.
Some of the major acquirers include Nokia, Ericsson, Cisco and Zephyrtel.Key Insights:Network intelligence-related solutions are becoming the new norm for deriving insights from massive network data.The growing need for hyper-automation in communication networks is setting the stage for SON technologies that will help drive autonomous networks of the future.Virtualization of networks is fueling the need for cloud-native solutions, ranging from the ones that provide security, to the one's constituting the network core.The telecom solution providers, including names like Ericsson, Nokia, and Cisco, led the charts with the highest number of AI-based acquisitions.Emerging companies took a lead role in solving the problem of RF spectrum interference.Key questions addressed in the report:How innovative AI solutions are making an impact in the telecom value chain?What are the challenges and issues addressed by the implementation of AI algorithms in the telecom industry?What are the emerging use cases and business models that are driving the adoption of AI?Who are the key enablers for AI technology in the industry?Who are the frontrunners, and what are their implementations strategies?What is the current industry adoption status of AI in telecom?Which are the disruptive entities that can be potential targets for driving AI in telecom?Since 2014, what are the acquisition trends for AI in telecom?What are opportunities for the telecom companies to build a strong roadmap for the future of autonomous networks?How can companies from other sectors tap into the AI in telecom market?To Browse Full Research Report @: https://www.radiantinsights.com/research/artificial-intelligence-insight-series-artificial-intelligence-in-telecomTable of Contents 1.
Overview of the Telecom Value Chain Participants1.2.
