Sweden Cell Culture Market Size & Outlook, 2023-2030
Sweden cell culture market, 2018-2030 (US$M)
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Sweden cell culture market highlights
- The Sweden cell culture market generated a revenue of USD 210.5 million in 2023 and is expected to reach USD 396.8 million by 2030.
- The Sweden market is expected to grow at a CAGR of 9.5% 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 210.5 million |
| Market revenue in 2030 | USD 396.8 million |
| Growth rate | 9.5% (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, Sweden accounted for 1.1% 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 |
|---|
Sweden 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 57.34% in 2023. Horizon Databook has segmented the Sweden cell culture market based on consumables, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Key players in Sweden include Eppendorf, Danaher, Thermo Fisher Scientific, Bio-Rad Laboratories, and others. The country is expected to witness significant growth in the cell culture market due to several factors, such as the growing biopharmaceutical industry, advanced infrastructure, & supportive government initiatives in the country. Sweden has a strong R&D focus on scientific innovation and is home to leading academic institutions & research organizations.
For instance, as of December 2022, domestic biopharmaceutical companies in the country had an active innovation pipeline of 351 therapeutics. Furthermore, the country benefits from the availability of a skilled workforce in biotechnology & biopharmaceuticals. Hence, a high R&D potential in the country can boost the demand for cell culture offerings and favor market growth in Sweden.
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Our clientele includes a mix of cell culture market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Sweden cell culture market , including forecasts for subscribers. This country databook contains high-level insights into Sweden cell culture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Sweden cell culture market size, by product, 2018-2030 (US$M)
Sweden Cell Culture Market Outlook Share, 2023 & 2030 (US$M)
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