Market Size of Cell Culture Media Bags Industry
| Study Period | 2021 - 2029 |
| Market Size (2024) | USD 1.20 Billion |
| Market Size (2029) | USD 2.07 Billion |
| CAGR (2024 - 2029) | 9.41 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cell Culture Media Bags Market Analysis
The Cell Culture Media Bags Market size is estimated at USD 1.20 billion in 2024, and is expected to reach USD 2.07 billion by 2029, growing at a CAGR of 9.41% during the forecast period (2024-2029).
Factors such as increased research and development spending in the biopharmaceutical sector and the growing biotechnology industry are expected to aid in the market's growth between 2024 and 2029. For example, the Pharmaceutical Research and Manufacturers of America (PhRMA) trade group represents the leading biopharmaceutical research companies in the United States. In 2022, its member companies' research and development (R&D) expenditure reached around USD 101 billion worldwide, from which the United States represents 21% of R&D investment.
In March 2024, the California Institute for Regenerative Medicine provided USD 4 million to Gladstone Institute for the development of a center for stem cell disease modeling and CRISPR drug screening, which will open new pathways for the treatment of diseases associated with the nervous system, heart, and immune system. Thus, increasing the research and development expenditure of the biopharmaceutical industry and increasing the biotechnology companies are expected to drive the demand for cell culture media bags to store and cultivate the desired and target cells for the development of effective therapies, thereby contributing to the market's growth.
Moreover, the rising investments, product developments, and launches by various key market players are also expected to contribute to the market's growth between 2024 and 2029. For instance, in June 2023, WuXi Biologics expanded its manufacturing capacity for drug substances and products at its two sites in Leverkusen and Wuppertal, Germany. Thus, as the drug substance and product manufacturing capacity increases in Germany, the demand for cell culture media bags used in bioprocessing also increases.
Therefore, the above-mentioned factors, such as the increasing research and development investments, market players' initiatives, and the cell culture media bag market growth, are anticipated to grow from 2024 to 2029. However, the increasing possibility of contamination and waste disposal are expected to restrain the development of the market between 2024 and 2029.
