About Growth Medium
A growth medium or culture medium is a solid, liquid or semi-solid designed to support the growth of a population of microorganisms or cells via the process of cell proliferation, or small plants like the moss Physcomitrella patens. The United States growth medium market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Increasing production of biopharmaceutical products and increase in use of techniques across quality control of pharmaceutical products are expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Growth Medium market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Avantor Inc. (United States), Becton, Dickinson and Company (United States), Bio-Rad Laboratories, Inc. (United States), Caisson Laboratories, Inc. (United States), Cell Culture Technologies LLC (Switzerland), Corning Inc. (United States), Fujifilm Holdings Corporation (Japan), GE Healthcare (United States), HiMedia Laboratories (India), Lonza Group AG (Switzerland), Merck & Co., Inc. (United States), Sartorius AG (Germany) and Sera Scandia A/S (Denmark) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Thermo Fisher Scientific (United States) and Vitro Diagnostics, Inc. (Denver).
Segmentation Overview
AMA Research has segmented the market of Global Growth Medium market by Type (Classical Media, Stem Cell Media, Lysogeny Broth, Chemically Defined Media, Specialty Media, Serum-free Media and Others), Application (Cancer Research, Biopharmaceuticals, Tissue Engineering & Regenerative Medicine, Stem Cell Technologies, Drug Discovery and Others) and Region.
On the basis of geography, the market of Growth Medium has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use, the sub-segment i.e. Biotechnology will boost the Growth Medium market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Research, the sub-segment i.e. Cytogenetics will boost the Growth Medium market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Investments Across Life Sciences Industry
Market Growth Drivers:
Increasing Production of Biopharmaceutical Products, Rise in Use of Techniques Across Quality Control of Pharmaceutical Products and Increasing Demand Owing to Rising Number of Cancer Cases Worldwide
Challenges:
Lack of Skilled Professionals
Restraints:
High Cost of Smart Fridges Hampering the Growth of Market
Opportunities:
Opportunities Across Asia Pacific Region
Market Leaders and their expansionary development strategies
In November 2021,Avantor, Inc. , a leading global provider of mission-critical products and services to customers in the life sciences and advanced technologies & applied materials industries, has completed its previously announced acquisition of the Masterflex bioprocessing business and related assets (collectively of Antylia Scientific, a privately held, portfolio company of investment firms GTCR and Golden Gate Capital.
In May 2023 – Lonza has launched the TheraPEAK® T-VIVO® Cell Culture Medium, a novel chemically defined medium developed to optimize CAR T-cell manufacture. Free from animal-origin components, the medium improves consistency and process control, and simplifies regulatory approval for faster time-to-market.
Stringent Government Regulations Regarding Use of Animal-Derived Products in Growth Medium is Impacting the Demand for Growth Medium in the United States
Analyst View
Since the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already hit many industries and will affect the United States growth medium market in FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.