According to Facts & Factors, the global tissue culture reagents market size in terms of revenue was worth around USD 380 Million in 2019 and is expected to reach USD 500 Million by 2026, growing at a CAGR of 3.8% from 2020 to 2026. The global tissue culture reagents market is projected to grow at a significant growth rate due to a number of driving factors.
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Market Overview:
Cell culture or tissue culture is the process of growing cells in various organisms. Tissue culture reagents are substances that are used in the manufacture of tissue culture media. They are the main source of cell culture supplies. The tissue culture market is divided into several product categories, including amino acids, creatinine, protease inhibitors, carbonic anhydrase, and cytokines. Furthermore, reactive are susceptible to development and attachment stimuli. The amino acid is the most important product category for tissue culture reactants on the global market.
The biotech industry has mostly fueled demand for reagents in the tissue community. Stem cell culture awareness is likely to be a major influence in demand for tissue culture reagents. Furthermore, tissue culture reagents are employed in medicine, microbiology, nutrition, pharmaceutical products, food additives, and cosmetics. Increased demand for sophisticated biopharmaceutical technology is expected to create market prospects for tissue-culture reagents in the near future. Nonetheless, fears of replacement and rising prices may constitute a significant market restraint.
Red Blood Cell Transfusions dominated the global market in 2019, and this category is expected to grow at a CAGR of 7% over the forecast period, owing to an increase in renal failure patients worldwide along with a shift in population eating habits.
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Regional Overview:
Because of the vast number of hospitals and surgical facilities, North America continues to lead the global market for Tissue Culture Reagents. The Asia Pacific market is predicted to grow at a quicker rate due to greater public awareness, increased R&D investment, and increased investment by the pharmaceutical industry.
Competitive Landscape
Top market companies include Haemonetics, Asahi Kasei Medical, Fresenius, Shandong Zhongbaokang, Macopharma, Nanjing Shuangwei, Braile Biomedica, Chengdu Shuanglu, Nanjing Cellgene, and Others.
Global Tissue Culture Reagents Market: Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa