Sweden Cell Culture Media Market Size & Outlook, 2023-2030
Sweden cell culture media market, 2018-2030 (US$M)
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Sweden cell culture media market highlights
- The Sweden cell culture media market generated a revenue of USD 50.2 million in 2023 and is expected to reach USD 101.6 million by 2030.
- The Sweden market is expected to grow at a CAGR of 10.6% 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 50.2 million |
| Market revenue in 2030 | USD 101.6 million |
| Growth rate | 10.6% (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, Sweden accounted for 1.1% 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 35.46% in 2023. Horizon Databook has segmented the Sweden 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.
Sweden aims to establish a new Center for Advanced Medical Products (CAMP) as part of a SEK 320- million (USD 36.6-million), 8-year Swedish government initiative to position the country as a leading biologics developer. Swedish regenerative medicine firm Xintela has been appointed a partner in the 6-year project to establish the CAMP cell and gene therapy research center, with SEK 48 million (USD 5.5 million) in funding from the country’s innovation agency and research council.
In addition, Södertälje-based Anocca, a fully integrated cell therapy biotechnology company, announced on Wednesday, December 21, that it has raised €25M in venture debt funding from the European Investment Bank (EIB). This agreement is one of the first InvestEU investments in Sweden in life science. It is also an important contribution to the development of technologies which can help us fight cancer, in line with Europe’s Beating Cancer Plan.
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Cell Culture Media Market Scope
Cell Culture Media Market Companies
| Name | Profile | # Employees | HQ | Website |
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Sweden cell culture media market size, by product, 2018-2030 (US$M)
Sweden Cell Culture Media Market Outlook Share, 2023 & 2030 (US$M)
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