NEW YORK, Dec. 14, 2018 /PRNewswire-PRWeb/ -- Key factors impacting market demand include healthy growth in the production
The Chinese market will be a significant market driver, as biopharmaceutical producers ramp up production to meet rising domestic demand and target export markets. Additionally, Chinese biopharmaceutical companies have shown an increasing willingness to partner with experienced contract manufacturing outfits, boosting demand for more advanced media formulations.
Biopharmaceuticals may increase life expectancy, decrease disability, and reduce the need for health services. The approved drugs include hormones, blood factors, thrombolytics, vaccines, interferons, mAbs, and therapeutic enzymes. In the pharmaceutical industry, cell culture is a major foundation of biopharmaceutical development, bioprocessing, and manufacturing. As growing cells for biopharmaceutical production is slow, expensive, and complicated, optimizing cell culture development is of paramount concern to companies developing biopharmaceuticals.
Growth in the development and production of biopharmaceuticals is the most significant driver of the cell culture market. In 2017, 12 new biotherapeutics were approved for use in the US by the Food and Drug Administration (FDA). The growing demand for biopharmaceuticals stems from the demonstrable ability of biologicals to address unmet medical needs. Protein-based biopharmaceuticals are invariably produced by an initial cell culture step (upstream processing), followed by product recovery, purification, and formulation into the final product format (downstream processing). Upstream processing – the development phase of biopharmaceutical production – frequently leads to a bottleneck in getting new products on the market.
The process of developing biopharmaceuticals, which involves cell-based manufacturing, is complex and requires expertise in molecular biology, purification, and advanced chemistry. As a result, biopharmaceuticals are more difficult, time-consuming, and expensive to produce than synthetic drugs produced by traditional small molecule manufacturing techniques.
Market data provided in Global Cell Culture Markets include:
In a market characterized by a high level of concentration, cell culture product suppliers can increase market share and sustain margins by partnering with pharmaceutical companies, or by acquiring smaller producers or companies that manufacture specialty products. BD Biosciences, Lonza Group, MilliporeSigma, and Thermo Fisher Scientific are among the other market leaders profiled in the report, which can be found at: https://www.kaloramainformation.com/Global-Cell-Culture-Media-Sera-Reagents-12070917/.
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