Denmark Cell Culture Media Market Size & Outlook
Denmark cell culture media market, 2018-2030 (US$M)
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Denmark cell culture media market highlights
- The Denmark cell culture media market generated a revenue of USD 56.7 million in 2023 and is expected to reach USD 116.8 million by 2030.
- The Denmark market is expected to grow at a CAGR of 10.9% from 2024 to 2030.
- In terms of segment, serum-free media was the largest revenue generating product in 2023.
- Serum-free Media is the most lucrative product segment registering the fastest growth during the forecast period.
Cell culture media market data book summary
| Market revenue in 2023 | USD 56.7 million |
| Market revenue in 2030 | USD 116.8 million |
| Growth rate | 10.9% (CAGR from 2023 to 2030) |
| Largest segment | Serum-free media |
| Fastest growing segment | Serum-free Media |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Serum-free Media, Classical Media, Stem Cell Culture Media, Chemically Defined Media, Specialty Media, Other Cell Culture Media |
| Key market players worldwide | Sartorius AG, Danaher Corp, Merck KGaA, Thermo Fisher Scientific Inc, FUJIFILM Holdings Corp, Lonza Group Ltd, BD, STEMCELL Technologies, PromoCell GmbH |
Other key industry trends
- In terms of revenue, Denmark accounted for 1.2% of the global cell culture media 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 media 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 670.8 million by 2030.
Serum-free media was the largest segment with a revenue share of 35.27% in 2023. Horizon Databook has segmented the Denmark cell culture media market based on serum-free media, classical media, stem cell culture media, chemically defined media, specialty media, other cell culture media covering the revenue growth of each sub-segment from 2018 to 2030.
In January 2022, reNew, a new international stem cell research center, has been granted an investment of EUR 300 million from the Novo Nordisk Foundation. The new research center aims to pave way for future stem cell-based treatments. The new international stem cell research center is a collaboration between the University of Copenhagen, Denmark, Murdoch Children’s Research Institute, Australia, and Leiden University Medical Center, the Netherlands.
In June 2022, FUJIFILM Corporation announced the investment of USD 1.6 billion to enhance and expand the cell culture manufacturing services of FUJIFILM Diosynth Biotechnologies. This investment will enhance FUJIFILM Diosynth Biotechnologies’ sites in Hillerød, Denmark, and Texas in the U.S. These factors are anticipated to drive the market growth in the review period.
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Cell Culture Media Market Scope
Cell Culture Media Market Companies
| Name | Profile | # Employees | HQ | Website |
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Denmark cell culture media market size, by product, 2018-2030 (US$M)
Denmark Cell Culture Media Market Outlook Share, 2023 & 2030 (US$M)
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