Culture Media Market : to See Incredible Growth During 2017 to 2023

1. Opportunity Analysis and Industry Forecast, 2016-2023 Culture Media Market Expected to Reach $6,532 Million, by 2023 Global Opportunity Analysis and Industry Forecast, 2017-2023

2. Culture Media Market “With respect to the type of media, the error-free reproducibility in results offered by classical media is a significant advantage, which is essential during cancer research and drug development in pharmaceutical and clinical settings.”  

3. Culture Media Market Overview According to a new report published by Allied Market Research, titled, "Culture Media Market by Type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2014-2023," the global culture media market was valued at $3,775 million in 2016, and is projected to reach $6,532 million by 2023, growing at a CAGR of 8.1% from 2017 to 2023. North America is anticipated to be the highest revenue contributor throughout the forecast period. Access full summary at: https://www.alliedmarketresearch.com/culture-media-market Culture media are nutrient growth substances provided in laboratory and research settings for growth, proliferation, maintenance, and storage of microorganisms and other cell types such as stem cells, mammalian, and other cell lines. Different culture media are available in the market for various cell cultures to survive and grow in their incubation environment. 

4. Culture Media Market The culture media market has evolved considerably in the past decade, owing to rapid progress in the areas of biopharmaceuticals, oncology, and stem cell research. Moreover, increase in funding & investments in R&D and innovation in the life science sector supplement the growth of the market. Furthermore, technological advancements associated with cell culture and high demand for culture media are the key factors that boost the growth of the market. However, lack of skilled professionals and ethical & scientific concerns associated with culture media impede the market growth. On the contrary, untapped potential of the emerging markets is anticipated to provide lucrative opportunities to the key players involved in the culture media industry. 

5. Culture Media Market Snapshot Asia-Pacific possesses high market potential for the growth of the culture media market, owing to increase in accessibility & availability of research facilities and rise in healthcare & research expenditure. In addition, significant economic development fuels the growth of the market in this region. The report provides extensive competitive analysis and profiles of key market players such as Thermo Fisher Scientific, Inc., Merck & Co., Inc., GE Healthcare, The Sartorius Group, Corning Inc., Lonza Group, Becton, Dickinson and Company, HiMedia Laboratories, Vitro Biopharma, Bio-Rad Laboratories, Inc, Caisson Laboratories, Inc., Cell Culture Technologies LLC, Fujifilm Holdings Corporation (Irvine Scientific Sales Company, Inc.) 

6. Key Findings of the Culture Media Market • Research laboratories accounted for nearly one-third of the share of the culture media market in 2016. • Biopharmaceuticals application is anticipated to grow with the highest CAGR throughout the forecast period. • North America accounted for a share of nearly half of the global culture media market in 2016. • The Asia-Pacific region is anticipated to grow at the highest rate in the culture media market during the analysis period, followed by LAMEA. 

7. Culture Media Market North America Europe Asia-Pacific LAMEA

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