The Asia Pacific Cell Culture Media Storage Containers Market would witness market growth of 13.1% CAGR during the forecast period (2023-2030).
Toxicologists use cell culture media storage containers to assess the effects of various substances on cells and tissues, helping to determine their safety and potential toxicity. This is critical in drug development, chemical safety testing, and environmental impact assessments. In agricultural biotechnology, cell culture media storage containers are used for crop propagation and genetic modification. They play a pivotal role in plant tissue culture, breeding, and developing genetically modified crops with enhanced traits. These diverse applications underline the versatility of these containers in advancing scientific research, biomanufacturing, and the development of new biotechnological products and therapies. Their significance cannot be overstated as they unlock new biotechnology and life sciences possibilities.
The biopharmaceutical industry is a major adopter of these containers because it relies on cell cultures to produce biologics, vaccines, and therapeutic proteins. Single-use and sterile containers have gained popularity in biomanufacturing facilities, simplifying upstream processes, and ensuring product safety.
According to China.org, in 2021, the combined business revenue of China's pharmaceutical companies increased by 18.7 percent annually, the fastest growth rate in the previous five years (2016-2021). China's biotechnology and life sciences companies are heavily involved in research and development activities, including genomics, proteomics, molecular biology, and drug discovery. These research activities require storage containers for cell lines, tissues, and microbial cultures. The biotechnology and life sciences sectors are characterized by continuous innovation. Companies in China are increasingly looking for innovative storage solutions that meet their specific needs, including containers optimized for 3D cell culture, perfusion systems, and advanced monitoring capabilities. As these sectors continue to expand and innovate, the demand for efficient and advanced storage solutions will remain strong. The elements mentioned above will fuel the expansion of the regional market.
The China market dominated the Asia Pacific Cell Culture Media Storage Containers Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $300.5 million by 2030. The Japan market is registering a CAGR of 12.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 13.8% during (2023 - 2030).
Based on Application, the market is segmented into Biopharmaceutical Production, Diagnostics, and Tissue Engineering & Regenerative Medicine. Based on Product, the market is segmented into Storage Bags, Storage Bottles, Storage Bins & Drums, and Others. Based on End-use, the market is segmented into Pharmaceutical & Biotechnology Companies, CROs & CMOs, and Academic & Research Institutes.Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Cell Culture Media Storage Containers Market is Predict to reach $4.1 Billion by 2030, at a CAGR of 12.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thermo Fisher Scientific, Inc., Merck KGaA, Danaher Corporation, Sartorius AG, Greiner Bio-One International GmbH, Corning Incorporated, Saint-Gobain Group, HiMedia Laboratories Pvt. Ltd., DiagnoCine, and VWR International, LLC (Avantor, Inc.).
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