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$7.6 Bn Culture Media Market by Type, Application, Research Type, and End User - Global Opportunity Analysis and Industry Forecast, 2018-2025DUBLIN, Sept. 16, 2019 /PRNewswire/ -- The "Culture Media Market by Type, Application, Research Type, and End User: Global Opportunity Analysis and Industry Forecast, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering. The global culture media market was valued at $4,088 million in 2017, and is projected to reach $7,609 million by 2025, growing at a CAGR of 8.0% from 2018 to 2025. North America is anticipated to be the highest revenue contributor throughout the forecast period. By end user, the biotechnology & pharmaceutical industry generated the highest revenue, accounting for1,645 million in 2017, and is anticipated to exhibit prominent growth rate. This is attributed to rise in demand for culture media and reagents required in this industry. By region, North America generated the highest revenue in the global culture media market in 2017. This trend is likely to continue throughout the forecast period, owing to rise in R&D investments, increase in advancements associated with cell culture media, and high demand for cell culture media in North America. Key Findings of the Culture Media Market: Research laboratories accounted for nearly one-fifth of the share of the culture media market in 2017. Regenerative medicine and tissue engineering application is anticipated to grow with the highest CAGR throughout the forecast period. North America accounted for nearly half of the global culture media market share in 2017. The Asia-Pacific region is anticipated to grow at the highest rate in the culture media market during the analysis period, followed by LAMEA.The Asia-Pacific region is anticipate Increase in adoption of key developmental strategies such as business expansion and product developments has driven the growth of the culture media industry. For instance, in June 2017, Fujifilm Holdings Corporations subsidiary, Irvine Scientific expanded its presence in North America by opening new research and development center in California. In July 2016, Thermo Fisher launched new Thermo Scientific Pre-Weigh Dehydrated Culture Media. Similarly, in June 2017, Cell Culture Technologies launched SteMaxOne, a protein- and peptide-free culture medium for the maintenance of human mesenchymal stem cells and stem cell lines. Market dynamics Drivers
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The list of key players operating in this market includes:
For more information about this report visit https://www.researchandmarkets.com/r/sqp5ux Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/7-6-bn-culture-media-market-by-type-application-research-type-and-end-user---global-opportunity-analysis-and-industry-forecast-2018-2025--300918885.html SOURCE Research and Markets |