Thailand Cell Culture Market Size & Outlook, 2023-2030
Thailand cell culture market, 2018-2030 (US$M)
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Thailand cell culture market highlights
- The Thailand cell culture market generated a revenue of USD 91.1 million in 2023 and is expected to reach USD 208.9 million by 2030.
- The Thailand market is expected to grow at a CAGR of 12.6% 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 91.1 million |
| Market revenue in 2030 | USD 208.9 million |
| Growth rate | 12.6% (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, Thailand accounted for 0.5% 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 |
|---|
Thailand 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 57.08% in 2023. Horizon Databook has segmented the Thailand cell culture market based on consumables, instruments covering the revenue growth of each sub-segment from 2018 to 2030.
Thailand has an emerging & rapidly growing biopharmaceutical landscape due to an aging population and increased health issues. The country has a science & technology park that offers various facilities and services to promote innovation in diverse scientific disciplines. The park hosts over 110 firms, national research institutions, and labs, including TCELS CPU, BIOTEC, & GMP Production Unit for Cell & Gene Therapy.
Furthermore, the growing R&D landscape is also supported by institutions, such as Biopolis and Center for Medical Genomics, which facilitate research and growth opportunities for emerging companies & research institutions.
Hence, with the growth in the biopharmaceutical & biotechnology industries in the country, demand for tools, such as cell culture systems, is expected to witness significant growth over the forecast period. Key players in the country include Thermo Fisher Scientific, Eppendorf, Bio-Rad Laboratories, and others.
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Our clientele includes a mix of cell culture market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand cell culture market , including forecasts for subscribers. This country databook contains high-level insights into Thailand cell culture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand cell culture market size, by product, 2018-2030 (US$M)
Thailand Cell Culture Market Outlook Share, 2023 & 2030 (US$M)
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