Market revenue in 2023 | USD 268.2 million |
Market revenue in 2030 | USD 670.8 million |
Growth rate | 14% (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 |
Serum-free media was the largest segment with a revenue share of 36.69% in 2023. Horizon Databook has segmented the UK 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.
The UK is one of the key cell culture media markets in Europe. Rapidly growing pharmaceutical and biopharmaceutical industries are creating immense pressure on R&D for faster development of new treatment options. The use of cell culture media aids in development of in vivo models for enhanced testing of new molecules before human trials.
Furthermore, presence of organizations, such as Cancer Research UK, provides scope for development of new cell culture media by investigating custom cell growth requirements. Research grants in the country facilitate the uptake of cell culture products.
For instance, in March 2021, CN Bio received Innovate UK grant for testing human-relevant multi- and single-organ models for COVID-19 research, which includes the use of 3D cell culture for lungs. The use of cell culture media in such research studies facilitates faster development of novel therapeutic options. In addition, local presence of key players, such as Thermo Fisher Scientific, Inc. and Merck KGAA, is leading to high revenue growth in the market.
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