U.S (New York) – Report Ocean has recently published a comprehensive research report titled “South Korea Cell Culture Market” Research Report 2023-2031. This report delves deep into the market and offers valuable insights into (Key Market Trends, Emerging Technologies, Market Drivers and Challenges of the Industry, Regulatory Policies), company profiles of key players, and their strategies. With over 100+ market data tables, pie charts, graphs, and figures, this global market study is now available. The report provides a thorough evaluation of the market, (Encompassing Future Trends, Current Growth Factors, Expert Opinions, Factual Information), and industry-validated market data, with a forecast extending until 2031.
The Saudi Arabia cell culture market accounted for $216.3 million in 2019, and is expected to reach $606.4 million by 2027, registering a CAGR of 13.7% from 2020 to 2027. These chemicals are also referred as consumables, as they are completely used during the process. Some of the consumables used in the process include sera, reagents, and others. Cell cultures are of a great importance and hence find their use in fields such as cancer research, stem cell technology, and others. For instance, in cancer research, cell cultures enable investigators to tap a renewable source of stable tumor cells for various experiments. In addition, different types of industries use instruments and consumables to make cell cultures such as research institutes, pharmaceutical & biotechnology companies, and others. The major factors that contribute toward the growth of the cell culture market include surge in prevalence of cancer and rise in adoption of cell culture technique.
Download Free Sample of This Strategic Report: https://reportocean.com/industry-verticals/sample-request?report_id=AMR1699
A cell culture is defined as the distribution of cells in an artificial environment (in vitro). This artificial environment is composed of all the necessary nutrients, ideal temperature, gases, pH, and humidity, which are essential for the growth and proliferation of the cells. The cells for the process are obtained from either plant or animals. Different types of tools and machines are employed in producing a cell culture. These machines are also known as instruments. For instance, some of the instruments, which are used to produce cell culture include bioreactors, cell culture vessels, and others. Further, different types of chemicals are also employed in the production of a cell culture.
Furthermore, factors such as surge in awareness related to the use of cell culture technique in research and increase in research-related funding also help boost the market growth. In addition, surge in cancer-related research is another major factor that fuels the growth of the market. However, high capital investment and lack of infrastructure for cell-based research are anticipated to restrain the cell culture market growth during the forecast period. On the contrary, expected rise in demand for advanced cell culture technologies offers lucrative opportunity for the cell culture market growth. The South Korea cell culture market is segmented on the basis of product, application, and end user to provide a detailed assessment of the market.
By product, the market is divided into consumables and instruments. The consumables segment is further categorized into sera, media, reagents, and bioreactor accessories. The instruments segment is further sub-segmented into bioreactors, cell culture vessels, cell culture storage equipment, and cell culture supporting instruments. The consumables segment dominated the market in terms of revenue in 2019, owing to higher consumption of cell culture consumables along with repeated purchase of cell culture consumables as compared to cell culture instruments.
Based on application, the market is classified into stem cell technology, cancer research, drug screening & development, tissue engineering & regenerative medicine, and others. The tissue engineering & regenerative medicine segment spearheaded the market in 2019, and is expected to continue this trend during the forecast period as tissue engineering specializes in repairing damaged tissues by injecting new one generated by 3D cell culture. This culture methods try to reduce the gap between in vitro and in vivo drug testing models as much as possible. As a result, there are more and more targeted cancer treatment available.
Download Free Sample of This Strategic Report: https://reportocean.com/industry-verticals/sample-request?report_id=AMR1699
According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the South Korea cell culture market size along with the current trends and future estimations to elucidate the imminent investment pockets
– It offers market analysis from 2020 to 2027, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market
– A comprehensive analysis on country assists to understand the country market and facilitate the strategic business planning and determine prevailing opportunities
– The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the South Korea cell culture market growth
List of key players profiled in the report
– Avantor, Inc. (VWR International, LLC)
– Bio-Rad Laboratories Inc.
– Corning Incorporated
– Danaher Corporation (Cytiva)
– FUJIFILM Holdings Corporation (FUJIFILM Irvine Scientific, Inc.)
– Merck KGaA
– Miltenyi Biotec B.V. & Co. KG
– Sartorius AG
– STEMCELL Technologies Inc.
– Thermo Fisher Scientific Inc.
List of other player in the value chain (profiles not included in the report):
– Eppendorf AG
KEY MARKET SEGMENTS
By Product
– Consumables
o Sera
o Media
o Reagents
o Bioreactor Accessories
– Instruments
o Bioreactors
o Cell Culture Vessels
o Cell Culture Storage Equipment
o Cell Culture Supporting Instruments
Request To Download Sample of This Strategic Report:– https://reportocean.com/industry-verticals/sample-request?report_id=AMR1699
By Application
– Stem Cell Technology
– Cancer Research
– Drug Screening and Development
– Tissue Engineering & Regenerative Medicine
– Others
By End User
– Research Institutes
– Pharmaceutical & Biotechnology Companies
– Others
Why Choose Report Ocean Reports?
Uncovering business opportunities: Our market research reports are invaluable for analyzing potential markets and identifying new product opportunities. They provide insights into customer needs, preferences, and attitudes, as well as facilitate product and service comparisons.
Gaining a clear understanding of your customers: Market reports offer a comprehensive understanding of customers’ needs and desires, empowering your company’s marketing department to enhance products, reduce costs, and improve promotional strategies based on this valuable information.
Data-driven insights: Our market research encompasses a broad spectrum of activities, including market size determination, demand forecasting, competitor analysis, and price monitoring. All these aspects are quantified and measurable, providing you with tangible data-driven insights that enable informed decision-making.
Key Highlights:
Revenue and Sales Estimation: Our reports present historical revenue and sales volume data, which is further triangulated using top-down and bottom-up approaches to forecast the complete market size. Additionally, the report provides estimates for key regions, along with well-recognized types and end-use industries. Macroeconomic factors and regulatory policies are also considered for industry evolution and predictive analysis.
Five Forces Analysis: To enhance market understanding, we conduct a comprehensive five forces analysis that includes evaluating the bargaining power of buyers and suppliers, the threat of new entrants, the threat of substitutes, and the level of rivalry within the market.
Competition: We study leading players in the industry based on their company profile, product portfolio, capacity, product/service pricing, sales performance, and cost/profit analysis.
Demand & Supply and Effectiveness: Our reports provide insights into distribution channels, production, consumption, and, if applicable, import and export activities.
Request full Report:https://reportocean.com/industry-verticals/sample-request?report_id=AMR1699
About US Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
Get in Touch with Us:
Report Ocean:
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel: +1888 212 3539 (US – TOLL FREE)
Email: sales@reportocean.com
Visit our news website: https://reportocean.com