Global Cell Culture Media for Vaccine Market, by Media Type (Bovine Derived, Porcine Derived, and Animal Free/Serum Free Cell Culture), by Application (Human Vaccine and Animal Vaccine), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 1,235.5 million in 2017 and is projected to exhibit a CAGR of 7.7% over the forecast period (2018 – 2026).
Key players in the market are focused on research and development in order to develop novel research grade products to cater the need of researchers. For instance, in November 2017, Proliant Biologicals launched New Zealand manufactured Reagent Grade (Fatty Acid-Free) BSA. The product is derived from New Zealand-origin healthy animals. Moreover, increasing number of government initiatives to prevent certain diseases and epidemic caused due to vaccine-preventable diseases is expected to boost the market growth. Furthermore, increasing number of countries are conducting national immunization programs to provide vaccination and promote awareness regarding advantages of vaccination to fight fatal diseases with natural immunity among adults as well as children. For instance, in 2015, the Centers for Disease Control and Prevention (CDC), the Food and Drug Administration (FDA), and the National Institutes of Health (NIH) partnered with the U.S. Department of Health and Human Services Biomedical Advanced Research and Development Authority (BARDA) to support the advanced development of new and better influenza vaccines as a part of inter-agency government effort in the U.S.
Browse 33 Market Data Tables and 27 Figures spread through 197 Pages and in-depth TOC on ‘Cell Culture Media for Vaccine Market’- Global Forecast to 2026, by Media Type (Bovine Derived, Porcine Derived, and Animal Free/Serum Free Cell Culture), by Application (Human Vaccine and Animal Vaccine), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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Key players in the market are focused on adopting strategies such as mergers and acquisitions to enhance their product portfolio. For instance, In November 2015, Merck KGaA, which is a parent company of Merck Millipore, acquired the U.S.-based life science company, Sigma-Aldrich Corporation, at US$ 17 Bn through its U.S. subsidiary EMD Millipore. A combined entity known as MilliporeSigma was formed in the U.S. market and this acquisition made Merck Millipore one of the top three players in the global life science market.
Key Takeaways of the Global Cell Culture Media for Vaccine Market: