Japan Cell Culture Market Size & Outlook, 2023-2030
Japan cell culture market, 2018-2030 (US$M)
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Japan cell culture market highlights
- The Japan cell culture market generated a revenue of USD 908.4 million in 2023 and is expected to reach USD 2,161.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 13.2% 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 908.4 million |
| Market revenue in 2030 | USD 2,161.8 million |
| Growth rate | 13.2% (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, Japan accounted for 4.9% 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 |
|---|
Japan 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 57.32% in 2023. Horizon Databook has segmented the Japan cell culture market based on consumables, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Japan is anticipated to account for a significant share of the Asia Pacific cell culture market, as it has one of the most developed pharmaceutical and biotechnology sectors in the region. Moreover, the increasing penetration of key players in Japan market is anticipated to support regional growth.
For instance, in November 2019, Cytek Biosciences, a U.S.-based manufacturer and supplier of cell biology solutions, established its office in Tokyo, Japan, to better engage with and support customers. Moreover, the presence of local players, including Fujifilm, Terumo, & Sysmex Corporation, has facilitated access to cell culture products in the country.
These key players are adopting organic growth strategies to gain a competitive edge in market. For instance, in March 2018, Fujifilm acquired the cell culture media businesses of Irvine Scientific and IS Japan to strengthen its product portfolio. Such initiatives are expected to boost the market growth for the country in the near future. Other key players in the country include Nippon Genetics, Thermo Fisher Scientific, Merck KGaA, etc.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan cell culture market , including forecasts for subscribers. This country databook contains high-level insights into Japan cell culture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan cell culture market size, by product, 2018-2030 (US$M)
Japan Cell Culture Market Outlook Share, 2023 & 2030 (US$M)
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