Spain Cell Culture Media Market Size & Outlook, 2023-2030
Spain cell culture media market, 2018-2030 (US$M)
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Spain cell culture media market highlights
- The Spain cell culture media market generated a revenue of USD 104.6 million in 2023 and is expected to reach USD 216.7 million by 2030.
- The Spain market is expected to grow at a CAGR of 11% 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 104.6 million |
| Market revenue in 2030 | USD 216.7 million |
| Growth rate | 11% (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, Spain accounted for 2.2% 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 35.28% in 2023. Horizon Databook has segmented the Spain 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.
Cell culture media market in Spain is projected to grow at a lucrative rate over the forecast period. The R&D expenditure is high in biotechnology sector, and over USD 870.95 million (EUR 770 million) was spent by biotechnology companies on R&D in 2018. Moreover, organizations, such as Spanish National Cancer Research Center (CNIO), support the adoption of cell culture media by spreading awareness about the importance of stem cells in cancer studies and regenerative medicine.
In January 2021, Spain-based Bio Tech Foods received USD 6.3 million in funding for artificial meat development using animal cells in collaboration with Ethicameat, which is backed by the government. Such projects are expected to drive the cell culture media market. Moreover, regulatory framework associated with cell culture is clear and provides guidelines for use of cell culture and stem cells, boosting the adoption of media products. Major players in the market include Thermo Fisher Scientific; STEMCELL Technologies, Inc.; and Lonza.
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Cell Culture Media Market Scope
Cell Culture Media Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain cell culture media market size, by product, 2018-2030 (US$M)
Spain Cell Culture Media Market Outlook Share, 2023 & 2030 (US$M)
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