Recombinant Cell Culture Supplements Market Expected to Grow at CAGR of 10.8%
Reports and Insights has published a new report titled, “Recombinant Cell Culture Supplements Market: Opportunity Analysis and Future Assessment 2022-2030”
Recombinant Cell Culture Supplements Market, By Product (Recombinant Growth Factors (Transforming Growth Factor, Epidermal Growth Factor, Platelet-Derived Growth Factors, Fibroblast Growth Factor, Vascular Endothelial Growth Factors (VEGFs), Interleukins, Recombinant Stem Cell Factor, Other Growth Factors), Recombinant Insulin, Recombinant Albumin, Recombinant Transferrin, Recombinant Trypsin, Recombinant Aprotinin, Recombinant Lysozyme, Others), By Application (Stem Cell Therapy, Gene Therapy, Bioprocess Application, Vaccine Development, Others), By Source (Animals, Microorganisms, Human), By End User (Academic and Research Institutes, Biopharmaceutical Companies, Cancer Research Centers, Contract Research Centers (CROs)) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
The recombinant cell culture supplements market is expected to grow at a CAGR of 10.8% during the forecast period of 2022 to 2030
Cell culture refers to the development of microorganisms such as yeast and bacteria, or plant, human, or animal cells in the laboratory mainly serve to determine infections, to examine novel drugs, and in research studies. Moreover, the recombinant cell culture supplements are comprehensively employed in gene therapy, stem cell research, and bioprocess development. Such factors are positively driving the demand of recombinant cell culture supplements across the global markets. In the same manner, the number of projects associated with cell culture is continuously rising, which is further estimated to propel the demand of supplements worldwide. Attributing to which, the global recombinant cell culture supplements market is projected to witness significant growth over the following years.
For good measure, the increased usage of animal-free supplements for manufacturing biopharmaceuticals, vaccines, and stem cells are some other factors which are further estimated to propel the demand in the near future. Notably, the additional benefits of these supplements in comparison to traditional correspondents, in particular, animal derived supplements are considerably beneficial for the market growth in the future.
Moreover, the rapid surge in investment in the field of life sciences, specifically for research and development along with the rise in demand in the biotherapeutics industry is also expected to provide major breakthroughs to the growth of the global recombinant cell culture supplements market over the forecast period.
Reports and Insights Study identifies some of the key participating players in the recombinant cell culture supplements market globally are Thermo Fisher Scientific Inc., Merck KGaA, Becton, Dickinson and Company, Lonza, Fujifilm Corporation (Irvine Scientific), Biocon, Abcam PLC., F. Hoffmann-La Roche, Hi-Media Laboratories, among others.
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