Lucintel's latest market report analyzed that cell culture media provides attractive opportunities in pharmaceutical and biotechnology companies, hospitals and diagnostic laboratories, and research & academic institutes. The cell culture media market is expected to reach $9.1 billion by 2028 with a CAGR of 12.3%. In this market, serum free is the largest segment by product, whereas pharmaceutical and bioend use industry companies is largest by end use industry.

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Based on product, the cell culture media market is segmented into serum-free media, classical media, and others. The serum free segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its increasing usage in the treatment for molecular genetics, cancer research and plant research as it ensures improved productivity and reduced risk relate to contamination by serum-borne adventitious agents in the culture.

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The Cell Culture Media Market is marked by the presence of several big and small players. Some of the prominent players offering cell culture media include Thermo Fisher, Merck, CYTIVA, Sartorius, FUJIFILM Irvine Scientific.

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