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Key Players in the Cell Culture Market Pursue New Product Launches and Agreements and Collaborations as their key Growth Strategies
The cell culture market is highly competitive, with several big as well as emerging players striving to enhance their market share. Prominent players in the cell culture market include Thermo Fisher Scientific, Inc. (U.S.), Merck KGaA (Germany), GE Healthcare (U.K.), Lonza Group AG (Switzerland), Becton, Dickinson and Company (U.S.), Corning, Inc. (U.S.), Eppendorf AG (Germany), Hi-Media Laboratories (India), Sartorius AG (Germany), and Promocell GmbH (Germany).
Companies are focusing on organic as well as inorganic growth strategies such as new product launches; expansion; and partnerships, agreements, and collaborations. New product launches accounted for the largest share of the overall growth strategies mapped from 2012 to 2015. Various new and technologically advanced products were launched during this period. For instance, in July 2015, Corning Inc. introduced Corning HepatoCells, single-use cryopreserved cells derived from primary human hepatocytes. In August 2015, Promocell GmbH introduced the Human Pluripotent Steam Cell Growth Medium DXF (hPSC-GM DXF). The launch of such products helps companies to enhance their product offerings and leverage growth opportunities in the market. Key players who launched new products include Promocell GmbH (Germany), Merck KGaA (U.S.), Thermo Fisher Science, Inc. (U.S.), Corning, Inc.(U.S.), Eppendorf AG (Germany), Sartorius AG (Germany), GE Healthcare (U.K.), and Becton, Dickinson and Company (U.S.).
Cell Culture Market by Equipment (Bioreactor, Culture Vessels (Multiwell Plates, Petri Dish)), Consumables (FBS, ABS, Media, Reagents), Application (Therapeutics, Stem Cell), End Users (Pharmaceutical and Biotechnology, Research) - Forecast to 2020
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