New York City, New York, Oct 30, 2015: A recently released report from Persistence Market Research (PMR) forecasts that the global cell and tissue culture supplies market will expand at a CAGR of 9.5% from 2014 to 2020. PMR, a market intelligence firm, states that by 2020, the global cell and tissue culture supplies market will reach US$28108.3 million from US$16322.7 million in 2014. The report, titled ‘Global Market Study on Cell and Tissue Culture Supplies: Asia to Witness Highest Growth by 2020’, is available for sale on the company website.

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 According to this market research report, high incidence of chronic ailments, greater application of tissue and cell cultures, and in-depth R&D in cell and tissue engineering are the prominent factors that drive the global cell and tissue culture supplies market. The other factors that drive the demand for cell and tissue culture supplies are, surging demand for artificial organs and biopharmaceuticals, and greater awareness about the cell and tissue culture techniques.

Cell culture refers to the process of growing cells in a controlled environment. It involves the cultivation of animal and plant cells in favorable laboratory conditions. The equipment that are required for culturing are known as cell and tissue culture supplies.

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The expanding biopharmaceuticals market plays a key role in stimulating the demand for cell and tissue culture supplies. Surging production of biopharmaceuticals can be attributed to the widespread introduction of generic biopharmaceuticals and novel therapeutics. The global market for cell cultures, driven by the growing biopharmaceuticals market will substantially increase the demand for cell and tissue culture supplies. However, ethical concerns, affordability issues, complex techniques for cell culture, and stringent license and accreditation procedures are a few factors that are likely to hamper the growth of the global cell and tissue culture supplies market in the forthcoming years.

This PMR report segments the global cell and tissue culture supplies market on the basis of consumable products, instruments, application, and geography. Based on consumable products, this market is segmented into sera, reagent, and media. The segment for reagents holds the largest share within the consumables category.

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On the basis of instruments, the global cell and tissue culture supplies market is segmented into roller bottle equipment, culture systems, pipetting instruments, biosafety cabinets, cryostorage equipment, and incubators. Application-wise, the global cell and tissue culture supplies market is categorized into drug discovery, disease treatment, and production of antibodies and vaccines.

Geographically, this research report segments the global cell and tissue culture supplies market into Asia, North America, and Europe, with North America holding the highest share in the overall market. The growth of this region is supported by increasing R&D activities and continuous technological developments. However, it is the Asia market for cell and tissue culture supplies that will witness robust growth during the forecast period owing to the policy of outsourcing of biopharmaceuticals in the region.

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The report identifies and profiles the following key companies in the global cell and tissue culture supplies market: Wheaton Industries Inc., VWR International LLC, Affymetrix Inc., Thermo Fisher Scientific Inc., Lonza Group, Corning Inc., and Becton, Dickinson and Company.

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