The Latin America, Middle East and Africa Cell Culture Media Storage Containers Market would witness market growth of 14.5% CAGR during the forecast period (2023-2030).
Rising demand for biologics, cell-based therapies, and an increase in chronic diseases are major growth drivers for the market. Additionally, the biopharmaceutical industry's need for media storage solutions is rising due to applications including decontamination, extensive purification, cell storage, and others, boosting market growth. The biopharmaceutical industry primarily uses cell culture techniques to produce recombinant proteins, monoclonal antibodies, and vaccines. These processes necessitate extensive cell culture media storage for production. The demand for cell culture media containers is anticipated to rise alongside the biopharmaceutical industry's expansion. Additionally, it is projected that rising R&D initiatives and activities in the biopharmaceutical industry will fuel demand for storage containers.
In addition, the pervasive availability of technologically advanced containers and the increased emphasis on container innovation by manufacturers are expected to fuel the market. Among the most significant developments are improved materials, optimized closures, and expanded features for ease of use, sterility, and scalability. Market leaders offer various containers in terms of sizes, features, colors, and shapes.
Clinical laboratories in Saudi Arabia rely on cell culture media and storage containers for diagnostic tests. These containers cultivate and maintain various cell lines, microorganisms, and tissues used in diagnostic procedures, including microbiological culture and sensitivity testing. The microbiology diagnostics sector in Saudi Arabia involves the culturing and identifying microorganisms for diagnosing infectious diseases. Cell culture media storage containers play a crucial role in microbiological testing, enabling the growth and maintenance of bacteria, fungi, and viruses. Immunoassays and immunochemistry techniques are widely used in clinical diagnostics in Saudi Arabia. The production of antibodies and antigens for immunoassays relies on cell culture techniques, necessitating storage containers for maintaining cell cultures.
The diagnostics industry in Saudi Arabia is continuously evolving, with advancements in diagnostic technologies and a focus on personalized medicine. Cell culture media storage containers within this sector are expected to grow as diagnostic methods become more sophisticated and diverse. These containers will remain indispensable for maintaining cultures and biological materials used to diagnose diseases and monitor public health. Due to the abovementioned factors, the market will grow significantly in this region.
The Brazil market dominated the LAMEA 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 $78 million by 2030. The Argentina market is showcasing a CAGR of 15.2% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 14.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Cell Culture Media Storage Containers Market is Projected to reach USD 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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