What is Growth Medium?
A growth medium or culture medium is a solid, liquid or semi-solid designed to support the growth of a population of microorganisms or cells via the process of cell proliferation, or small plants like the moss Physcomitrella patens. The United States growth medium market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Increasing production of biopharmaceutical products and increase in use of techniques across quality control of pharmaceutical products are expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
The market study is broken down by Type (Classical Media, Stem Cell Media, Lysogeny Broth, Chemically Defined Media, Specialty Media, Serum-free Media and Others), by Application (Cancer Research, Biopharmaceuticals, Tissue Engineering & Regenerative Medicine, Stem Cell Technologies, Drug Discovery and Others) and major geographies with country level break-up.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA estimates that Players from United States will contribute to the maximum growth of Global Growth Medium market throughout the predicted period.
Avantor Inc. (United States), Becton, Dickinson and Company (United States), Bio-Rad Laboratories, Inc. (United States), Caisson Laboratories, Inc. (United States), Cell Culture Technologies LLC (Switzerland), Corning Inc. (United States), Fujifilm Holdings Corporation (Japan), GE Healthcare (United States), HiMedia Laboratories (India), Lonza Group AG (Switzerland), Merck & Co., Inc. (United States), Sartorius AG (Germany), Sera Scandia A/S (Denmark), Thermo Fisher Scientific (United States) and Vitro Diagnostics, Inc. (Denver) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Growth Medium market by Type, Application and Region.
On the basis of geography, the market of Growth Medium has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use, the sub-segment i.e. Biotechnology will boost the Growth Medium market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Research, the sub-segment i.e. Cytogenetics will boost the Growth Medium market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Stringent Government Regulations Regarding Use of Animal-Derived Products in Growth Medium is Impacting the Demand for Growth Medium in the United States
- Increasing Investments Across Life Sciences Industry
- Increasing Production of Biopharmaceutical Products
- Rise in Use of Techniques Across Quality Control of Pharmaceutical Products
- Increasing Demand Owing to Rising Number of Cancer Cases Worldwide
- Opportunities Across Asia Pacific Region
- High Cost of Smart Fridges Hampering the Growth of Market
- Lack of Skilled Professionals
Analyst ViewSince the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already hit many industries and will affect the United States growth medium market in FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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