Cell Culture Market Worth $57.9 billion | MarketsandMarkets
CHICAGO, March 26, 2024 /PRNewswire/ -- Cell Culture Market in terms of revenue was estimated to be worth $30.9 billion in 2024 and is poised to reach $57.9 billion by 2029, growing at a CAGR of 13.4% from 2024 to 2029 according to a new report by MarketsandMarkets. Some of the factors contributing to the growth of the global cell culture market includes increasing fundings and support from government and private organizations for cell-based research, growing popularity for biosimilars and monoclonal antibodies, and growth in advanced therapy medicinal products. However, high cost of cell biology research and limitations in producing high density cell culture are expected to hinder market growth.
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Browse in-depth TOC on "Cell Culture Market"
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Cell Culture Market Scope:
Report Coverage |
Details |
Market Revenue in 2024 |
$30.9 billion |
Estimated Value by 2029 |
$57.9 billion |
Growth Rate |
Poised to grow at a CAGR of 13.4% |
Market Size Available for |
2022–2029 |
Forecast Period |
2024–2029 |
Forecast Units |
Value (USD Billion) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Product, Application, and End User |
Geographies Covered |
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa |