Spain Cell Culture Market Size & Outlook, 2023-2030
Spain cell culture market, 2018-2030 (US$M)
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Spain cell culture market highlights
- The Spain cell culture market generated a revenue of USD 433.2 million in 2023 and is expected to reach USD 837.1 million by 2030.
- The Spain market is expected to grow at a CAGR of 9.9% 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 433.2 million |
| Market revenue in 2030 | USD 837.1 million |
| Growth rate | 9.9% (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, Spain accounted for 2.3% 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 Europe, UK cell culture market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,552.4 million by 2030.
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Cell Culture Market Scope
Cell Culture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Spain 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 57.46% in 2023. Horizon Databook has segmented the Spain cell culture market based on consumables, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing R&D initiatives and clinical trials in the country are anticipated to create a growth environment for the market. The growing interest of regional pharma companies on developing novel vaccines and therapeutics is anticipated to drive the demand for cell culture solutions. For instance, in September 2020, Spain initiated clinical trials of the Johnson & Johnson COVID-19 vaccine.
In addition, Spain shows immense growth potential in cell culture solutions due to an increasing interest of investors in innovative biological therapies. For instance, in June 2020, Spain-based Ona Therapeutics closed a USD 33.1 million Series A funding for developing novel antimetastasis cancer drugs. Furthermore, increasing government support for R&D activities is anticipated to positively affect the market growth.
For instance, in January 2021, Spain-based BioTech Foods received USD 6.3 million (EUR 5.2 million) in funding from the Spanish government for artificial meat development using animal cells. Such projects are expected to drive the cell culture market in Spain. Key companies in the market in Spain include Thermo Fisher Scientific, Bio-Rad Laboratories, Merck KGaA, Sartorius, and others.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain cell culture market , including forecasts for subscribers. This country databook contains high-level insights into Spain cell culture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain cell culture market size, by product, 2018-2030 (US$M)
Spain Cell Culture Market Outlook Share, 2023 & 2030 (US$M)
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