Expanding at a high CAGR of 8.4%, the global automated cell culture systems market is projected to increase from a valuation of US$ 10.91 Bn in 2022 to US$ 20.87 Bn by 2030.
The market for automated cell culture systems worldwide is anticipated to grow from a US$10.91 billion valuation in 2022 to a US$20.87 billion valuation by 2030, expanding at a high CAGR of 8.4%.
Automated Cell Culture Systems Market Size (2022) | US$ 10.91 Bn |
Revenue Forecast (2030) | US$ 20.87 Bn |
Global Market Growth Rate (2022-2030) | 8.4% CAGR |
Europe Marker Share | 35.7% |
At the moment, automated cell culture systems hold a 44.5% market share worldwide. Increased investments in the creation of cutting-edge products as well as rising stem cell research and development are driving the growth of the automated cell culture systems market.
Additionally, 3D cell cultures, which were previously difficult and expensive, are now possible thanks to the development of spheroids.
Additionally, because of the hypoxic core and nutrient gradient, they more closely resemble tumours.
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In order to facilitate drug screenings, researchers from the US and Germany have developed a protocol for growing 3D cultures of commonly used cancer cells.
These elements will keep North America and Europe on top of the market for automated cell culture systems.
Furthermore, despite the pandemic-caused economic downturn, the automated cell culture market will benefit from the need for cell lines for developing vaccines against the COVID-19 infection.
Key Takeaways from Automated Cell Culture Systems Market
Automated Cell Culture Systems Market: Competitive Insights
The increasing drug discovery research and various cell line applications in research are expected to drive the growth of the global automated cell culture systems market during the forecast period.
Automated cell culture systems are also employed in experiments for cell banking and drug discovery research. The adoption of automated cell culture systems is also being boosted by cost effectiveness and an increase in alternatives to conventional cell culture production.
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New Product Launches to Remain Key Strategic Focus of Market Players
Key players:
Players in automated cell culture systems market are focusing on new product launches for expanding their global footprint and strengthening product portfolio.
For instance –
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Key Segment
Product Type
Cell Culture Type
Application
End User
Region
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Automated Cell Culture Systems Market , Automated Cell Culture Systems Market Share , Automated Cell Culture Systems Market Size
Oct 31, 2022