According to a new report, published by KBV research, The Global Cell Culture Media Storage Containers Market size is expected to reach $4.1 billion by 2030, rising at a market growth of 12.2% CAGR during the forecast period.
The Tissue Engineering & Regenerative Medicine segment is showcasing a CAGR of 14.1% during (2023 - 2030). Tissue engineering and regenerative medicine require expanding and differentiating specific cell types. Cell culture media storage containers maintain, propagate, and differentiate cells to create tissues and organs. For tissues and organs to be engineered successfully, cells need to be cultivated outside the body in a controlled environment. These containers provide a sterile and controlled setting for this ex vivo cultivation. Scaffolds are often used as support structures for tissue regeneration. Cells are seeded onto these scaffolds in cell culture media to create tissue constructs.
The Storage Bags segment is leading the Global Cell Culture Media Storage Containers Market, by Product in 2022 thereby achieving a market value of $1.6 billion by 2030. The biopharmaceutical industry has been experiencing significant growth, focusing on biologics, monoclonal antibodies, and vaccines. Storage bags are well-suited for large-scale biomanufacturing, providing a flexible and sterile solution for storing cell culture media, process intermediates, and final biopharmaceutical products. The trend toward single-use or disposable systems in biomanufacturing has gained traction.
The CROs & CMOs segment has shown the high growth rate of 12.6% during (2023 - 2030). The pharmaceutical and biotechnology industries have increasingly embraced outsourcing to reduce costs, increase efficiency, and access specialized expertise. CROs and CMOs provide services to these industries, including drug development, biomanufacturing, and analytical testing, often involving cell culture media storage containers. CROs and CMOs are involved in biopharmaceutical development, from early-stage research and preclinical studies to late-stage clinical trials. Developing biologics and cell-based therapies requires cell culture processes and storage containers for media and cell culture maintenance.
The North America region dominated the Global Cell Culture Media Storage Containers Market, by region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.6 billion by 2030. The Europe market is anticipated to grow at a CAGR of 12% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 13.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/cell-culture-media-storage-containers-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Thermo Fisher Scientific, Inc., Merck KGaA, Danaher Corporation, Sartorius AG, Greiner Bio-One International GmbH, Corning Incorporated, Saint-Gobain Group, HiMedia Laboratories Pvt. Ltd., DiagnoCine, and VWR International, LLC (Avantor, Inc.).
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