The market of cell and tissue culture supplies developed at large in the following years due to a number of technological advancements in the machineries, culture mediums and reagents used, and important discoveries such as the fact that a single cell can also be grown into an entire culture. Further demonstrations that the complex extracts of tissues clots and so forth used previously to grow cultures could also be replaced by a subjective mixture of vitamins, amino acids, carbohydrates, salts, co-factors and small amounts of serum protein opened a completely new area of cell and tissue culture supplies market. This made a vast number of manipulations with cells and tissues possible that had not been previously possible of which cloning, mutagenesis, artificial organs, comparison between normal and transformed tissues are just some examples.
Cell and Tissue Culture Supplies Market: Rising Applications
Cell and tissue culture supplies have emerged as one of the most important tools for studying biochemistry and normal physiology of cells (e.g. ageing, metabolism), effect of toxic compounds or drugs on cells and carcinogenesis and mutagenesis. The applications of cell and tissue culture supplies have significantly increased in fields such as cellular and molecular biology, biotechnology, biochemical, cytogenetic, and molecular laboratories for research and diagnostic studies. The use of cell and tissue culture supplies in the development of artificial organs can be seen as a major breakthrough in the use of these substances for an application that can play a role in saving human lives in real terms.
Cell and tissue culture supplies are also used for large scale manufacturing of vaccines, proteins and other biological compounds, drug screening and development of potential new drugs. A major advantage of using cell and tissue culture supplies for any of these applications is the reproducibility and consistency of results obtained from a batch of these cultures.
Cell and Tissue Culture Supplies Market: A global Scenario
Analysts state that the global market of cell and tissue culture supplies was valued nearly US$16.322 billion in 2014. In the next four to five years, rising demands for cell and tissue culture supplies for artificial organs, biopharmaceuticals, R&D in the field of cell and tissue engineering, and many other application areas will allow the global market to grow at a healthy pace. Through the year 2020, the market could value US$28.108 billion by growing at a CAGR of 9.5%.
Amongst the chief geographical regions where cell and tissue culture supplies market marks its presence, North America has always led market due to significant technical advancements and high adoption rate of revolutionary biomedical innovations such as artificial organs. In 2014, cell and tissue culture supplies’ market of North America had an estimated worth of nearly US$8.079 billion. Through the next few years, rising adoption of artificial organs and increase in many other application areas could allow this market to grow at a CAGR of 9.7% and rise to US$14 billion by 2020. The regional market of Asia could grow at the fastest CAGR over the next four to five years due to a significant number of R&D projects being outsourced from all over the world in Asian countries.