India Cell Culture Market Size & Outlook, 2023-2030
India cell culture market, 2018-2030 (US$M)
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India cell culture market highlights
- The India cell culture market generated a revenue of USD 739.6 million in 2023 and is expected to reach USD 1,861.3 million by 2030.
- The India market is expected to grow at a CAGR of 14.1% from 2024 to 2030.
- In terms of segment, consumables was the largest revenue generating product in 2023.
- Consumables is the most lucrative product segment registering the fastest growth during the forecast period.
Cell culture market data book summary
| Market revenue in 2023 | USD 739.6 million |
| Market revenue in 2030 | USD 1,861.3 million |
| Growth rate | 14.1% (CAGR from 2023 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Consumables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Instruments |
| Key market players worldwide | Sartorius AG, Danaher Corp, Merck KGaA, Thermo Fisher Scientific Inc, Corning Inc, Avantor Inc, BD, Eppendorf, Bio-Techne Corp, PromoCell GmbH |
Other key industry trends
- In terms of revenue, India accounted for 4.0% of the global cell culture market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China cell culture market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,766.0 million by 2030.
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Cell Culture Market Scope
Cell Culture Market Companies
| Name | Profile | # Employees | HQ | Website |
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India cell culture market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cell culture market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 57.25% in 2023. Horizon Databook has segmented the India cell culture market based on consumables, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
India has a strong presence of local cell culture product providers for laboratories and commercial production facilities. Companies, such as HiMedia Laboratories, are increasing access to cell culture products and intensifying the competition in the country. Local companies are also engaged in strategic initiatives to promote market expansion in India.
For instance, in July 2020, Hyderabad-based Lazuline Biotech collaborated with BioNest for establishing a cell culture laboratory at Hyderabad Central University to perform product testing & validation of stem cell lines. Furthermore, there is a strong presence of international players, such as Merck KGaA and Thermo Fisher Scientific, Inc., which significantly increases competitive rivalry in the country.
The growing biopharmaceutical industry is one of the key factors driving the country’s cell culture market. In addition, the low cost of production attracts manufacturers to the country. As a result, in the past few decades, India has become a hub of pharmaceutical & biotechnology and has gained global attention due to its low capital investments.
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Horizon Databook provides a detailed overview of country-level data and insights on the India cell culture market , including forecasts for subscribers. This country databook contains high-level insights into India cell culture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India cell culture market size, by product, 2018-2030 (US$M)
India Cell Culture Market Outlook Share, 2023 & 2030 (US$M)
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