Epithelial Cell Culture Media Market to hit US$ 303040.33 thousand by 2028, at 11.4% CAGR: The Insight Partners – Digital Journal

The epithelial cell culture media market is expected to reach US$ 303,040.33 thousand by 2028 from US$ 128,155.95 thousand in 2020; it is estimated to grow at a CAGR of 11.4% from 2021 to 2028.

According The Insight Partners study on Epithelial Cell Culture Media Market Forecast to 2028 COVID-19 Impact and Global Analysis by Product Type, End User, The report highlights trends existing in the market, and drivers and hindrances pertaining to the market growth. The growth of the epithelial cell culture media market is attributed to the factors such as the increasing applications of epithelial cells and surge in funding for epithelial cell research.

Epithelial cells are widespread throughout the body. These cells cover body surfaces, line body cavities, hollow organs, and major tissues in glands. These cells perform functions such as protection, absorption, secretion, excretion, diffusion, filtration, and sensory reception. These cells are widely used in disease modeling, toxicity studies, and drug discovery, among other applications.

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Market Insights

Surge in Funding for Epithelial Cell Research

Extensive funding for supporting the research projects involving the use of epithelial cells to identify new therapeutic solutions for chronic diseases is propelling the demand for epithelial cell culture media. For instance, the National Institutes of Health (NIH), US, funded a 3-year research project (20132016) that was conducted at the University of Kentucky. The institute granted US$ 307,395 in funds in 2014 to examine processes controlling inflammation in colitis, a condition that stimulates epithelial stem cell growth and differentiation and increases the risk of colon cancer.

In 2018, scientists at the UCLA Eli and Edythe Broad Center of Regenerative Medicine and Stem Cell Research along with those at the Stein Eye Institute were granted US$ 5.1 million by the California Institute for Regenerative Medicine to advance the development of a novel therapy for blinding retinal conditions. The project setup includes the use of patients own skin cells to generate autologous induced pluripotent stem cells to derive retinal pigment epithelium cells that are lost in blinding eye conditions.

Further, the Osaka University, Japan, conducted a research studyObservation of the Epithelial Cell Behavior in the Nasal Septum During Primary Palate Closure in Mice. This study was supported by Grants-In-Aid for Scientific Research Program of the Japan Society for the Promotion of Science. The increase in such grants for epithelial cell-based research projects are favoring the epithelial cells culture market growth.

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns.

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By product type, the epithelial cell culture media market is segmented into human mammary epithelial cells, bronchia/trachea epithelial cells, and renal epithelial cells. The bronchia/trachea epithelial cells segment held the largest share of the market in 2020, whereas the renal epithelial cell segment is anticipated to register the highest CAGR in the market during the forecast period.

Based on end user, the epithelial cell culture media treatment market is segmented into biopharmaceutical companies, academic and research laboratories, and others. The biopharmaceutical companies segment held the largest share of the market in 2020, whereas the academic and research laboratories segment is anticipated to register the highest CAGR of in the market during the forecast period.

Epithelial Cell Culture Media Market : Competitive Landscape and Key Developments

PromoCell GmbH,Merck KGaA,ATCC,AXOL Bioscience Ltd.,Thermo Fisher Scientific Inc.,Bio-Techne Corporation, Celprogen Inc.,Lonza Group AG,HiMedia Laboratories,Cell Biologics Inc

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Epithelial Cell Culture Media Market to hit US$ 303040.33 thousand by 2028, at 11.4% CAGR: The Insight Partners - Digital Journal