North America Dominates World Cell Culture Instruments & Consumables Market, Says Meticulous Research in New Report Available at MarketPublishers.com18 Oct 2017 • by Natalie Aster
LONDON – Fueled by uptake in life science research, ongoing advancements in cell-based technologies, rising prevalence of chronic diseases, escalating demand for cell-based therapies and also expanding cell-based production, the world’s cell culture instruments and consumables market is likely to go beyond USD 21.05 billion in value by the year 2022, exhibiting growth at a 10.7% CAGR during 2017-2022. However, robust market growth could be hampered by certain restraints such as high risk of contamination, high cost of cell culture research and lack of awareness about emerging diagnosis technologies.
North America held the biggest chunk of the worldwide market for cell culture instruments and consumables in the past year, followed by Europe and APAC. The large share of the North American region is majorly attributed to enhanced funding in medical research, favourable drug development regulations, increasing number of aged people, growing prevalence of different chronic diseases along with huge indirect and direct financial investments in the pharma biotech sector.
Meantime, the highest growth rates during 2017-2022 are anticipated in the APAC market for cell culture instruments and consumables, due to rapidly rising demand in India and China, vast potential patients pool, remarkable technological advancements, rising investments in the healthcare & pharmaceuticals sector, expanding pharma biotech sector and also increasing investments from government and non-governmental organisations.
New report “Cell Culture Instruments And Consumables Market- Global Opportunity Analysis And Industry Forecasts To 2022” drawn up by Meticulous Market Research gives a reliable, all-round guide to the cell culture instruments and consumables market landscape, scenario, dynamics and trends at various geographical levels. It contains a profound market segmentation analysis, sheds light on the historical background, describes the actual scenario, reviews the recent developments and discloses updated statistics. Moreover, this report includes relevant info on the main growth influencing factors, emerging restraints and opportunities, competitive scenario, regulative framework, etc. Detailed profiles of the prominent companies operating in this market as well as a comprehensive future outlook for the cell culture instruments and consumables market up till 2022 are also at hand in this publication.
Companies profiled in this publication: HiMedia Laboratories, Irvine Scientific, Cell Culture Company, GE Healthcare, Merck & Co., Agilent Technologies, PromoCell GmbH, Thermo Fisher Scientific, Lonza, Becton Dickinson, Corning Incorporation, CellGenix GmbH, American Type Culture Collection and InvivoGen, Sera Care Life Sciences Incorporation.
More new in-demand reports by this publisher are available at Meticulous Research page.