Culture media is any solid or liquid preparation made precisely for the growth, storage, maintenance, and transport of microorganisms and different types of cells. The array of various media available in research allows the culturing of cell types and microorganisms. The global culture media market was valued at $3,775 million in 2016 and is estimated to reach $6,532 million by 2023, registering a CAGR of 8.1% from 2017 to 2023.
The rise in the production of biopharmaceuticals and increase in demand for cell culture media have fueled the growth of the culture media market. Moreover, an increase in investments and funding for research interventions in both developed and developing countries drive the culture media market growth.
However, ethical & scientific concerns associated with culture media and a dearth of skilled personnel restrict the market growth. Conversely, untapped potential of the emerging markets and increase in preference for speciality media is anticipated to provide lucrative opportunities to the key players involved in the culture media market.
Major Key Players of the Culture Media Market are:
Thermo Fisher Scientific, Merck & Co., GE Healthcare, The Sartorius Group, Corning, Lonza Group, Becton, Dickinson and Company, HiMedia Laboratories, Vitro Biopharma, Bio-Rad Laboratories, Inc.
Read More @ http://www.sbwire.com/press-releases/culture-media-market-emerging-technological-advancement-future-scope-and-business-growth-2023-thermo-fisher-scientific-merck-co-ge-healthcare-1284834.htm
The rise in the production of biopharmaceuticals and increase in demand for cell culture media have fueled the growth of the culture media market. Moreover, an increase in investments and funding for research interventions in both developed and developing countries drive the culture media market growth.
However, ethical & scientific concerns associated with culture media and a dearth of skilled personnel restrict the market growth. Conversely, untapped potential of the emerging markets and increase in preference for speciality media is anticipated to provide lucrative opportunities to the key players involved in the culture media market.
Major Key Players of the Culture Media Market are:
Thermo Fisher Scientific, Merck & Co., GE Healthcare, The Sartorius Group, Corning, Lonza Group, Becton, Dickinson and Company, HiMedia Laboratories, Vitro Biopharma, Bio-Rad Laboratories, Inc.
Read More @ http://www.sbwire.com/press-releases/culture-media-market-emerging-technological-advancement-future-scope-and-business-growth-2023-thermo-fisher-scientific-merck-co-ge-healthcare-1284834.htm
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