New York, USA, May 05, 2021 (GLOBE NEWSWIRE) — Research Dive recently published a new report titled, “Culture Media Market, by Media type (Dehydrated Culture Media, Prepared Culture Media, Chromogenic Culture Media), Application (Cancer Research, Biopharmaceutical Research, Regenerative Medicine, Stem Cell Technologies, Drug Discovery, Others), End-user (Biotech & Pharmaceutical Industry, Academic Institute & Research Centers, Hospital & Diagnostic Centers, Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027”
The global culture media market is predicted to witness a significant growth in revenue from $2,975.6 million to over $5,398.6 million at a steady CAGR of 7.7% from 2020-2027.
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The North American market is predicted to garner a significant revenue in the forecast period. This growth is due to the rising numbers of people suffering from chronic illnesses. In order to change this, many organizations have been working on creating advanced medicines, which will assist in the recovery of the patients.
Key Market Segments in the Industry
- By media type, the dehydrated culture media is predicted to gain momentum in the market. Many dehydrated media have a longer shelf life, which makes them suitable to be used in industrial microbiology – cosmetics, vaccine production,…