(PRWEB) September 13, 2014

The Cell Culture Market by Equipment (Bioreactor, Incubator, Centrifuge), by Reagent (Media, Sera, Growth Factors, Serum Free Media), by Application (Cancer Research, Gene Therapy, Drug Development, Vaccine Production, Toxicity Testing) - Global Forecast to 2018 report provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the global cell culture market along with the estimates and forecasts of the revenue and market share analysis.

Browse 91 market data tables and 19 figures spread through 209 Pages and in-depth TOC on"Cell Culture Market" http://www.marketsandmarkets.com/Market-Reports/cell-culture-market-media-sera-reagents-559.html

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The global cell culture market was valued at an estimated $14,772 million in 2013. This market is expected to grow at a CAGR of 10.71% between 2013 and 2018, to reach $24,574 million in 2018.

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Cell culture has its applications in a large number of fields including biopharmaceutical production, drug screening and development, gene therapy, toxicity testing, and life science research. It is one of the most widely used techniques for biopharmaceutical and vaccine production. According to IMS Health, biologics (which includes biopharmaceuticals and vaccines) are expected to grow at a CAGR of about 18% by 2017. The rapid growth in biopharmaceutical and vaccine production will be the primary driver for the cell culture market between 2013 and 2018. Furthermore, increase in the healthcare spending and increased R&D activities will aid the growth of this market.

Cell culture is the most widely used techniques for biopharmaceutical production and has its applications in drug screening and development, gene therapy, toxicity testing, and cancer research. Rapid growth in the biopharmaceutical market, increase in the healthcare spending, and increased R&D activities will drive the growth of the global cell culture market.

The global cell culture market is a highly evolved market. There is a high degree of consolidation in this market. An analysis of the market developments between 2011 and 2014 reveals that new product launches was the most important growth strategy employed by market leaders in this period. This strategy was adopted by all players in this market, except Lonza (Switzerland). Lonza was the only company among all the market leaders that did not launch any new products between 2011 and 2014.

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Cell Culture Market by Equipment, Reagent, Application worth $24,574 million by 2018 - New Research Report by ...

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