Cell Culture Monitoring Biosensors Market to Surge past US$ 500 Million by 2024, with Growing Cell Culture Application in Developed Regions
The Global Cell Culture Monitoring Biosensors Market was valued at US$ 234.2 million in 2016 and is projected to expand at a CAGR of 10.0% during the forecast period (2016-2024), as highlighted in a new report published by Coherent Market Insights. Growing cell culture application and is convenient and safe monitoring method as compared to manual monitoring of cell culture, is expected to be a major factor driving growth of the global cell culture market over the foreseeable future.
An electrochemical biosensor is an integrated device capable of providing accurate analytical information that may be quantitative or semi-quantitative, by using a biochemical receptor, which is a biological recognition element that retains direct spatial contact with an electrochemical transduction element. The combination of electrochemistry biomedical sensors and microfluidics is an emerging application in cell culture monitoring market. These are further integrated together with each other to extract better results in various domains of cell culture, tissue engineering, and regenerative medicine. Biosensors made by combination of microfluidic and electrochemistry are particularly useful for integration of cell culture with analysis and extraction of valuable insights. For instance, voltammetric and amperometric biosensors have been incorporated into microfluidic systems for H2O2 generation by cellular activities using HRP. In 2014, according to Hindawi Publishing Corporation and BioMed Research International, the thermometric, magnetic, and piezoelectric transducers were not exert a practical impact in the applications of tissue engineering and regenerative medicine. The gradual success of optical-fiber sensors is attributed to their application in tackling difficult measurement situations where conventional sensors do not provide the required accuracy. Furthermore, these sensors are usually compact, lightweight with effectively multiplexed on a single fiber network along being with minimally invasive. Electromagnetic interference do not affect the results, as they do not have electrical current flowing at the sensing point, which could interfere with the reading. Fiber optic biosensors can also survive in difficult environments and are compatible with wide range of physical situations such as high doses of radiation, which favors its market revenue growth in the nuclear medicine industry.
Application of cell culture is quite significant and pronounced in every research and product development in the food, pharmaceuticals, biotechnology, and other sectors. Cell culture technique has enabled quick manufacturing of vaccines and biotechnology products. Moreover, a spike in growth is expected in the biosimilars market, which will further propel demand for cell culture monitoring and hence, the need for biosensors. Personalized medicines is the new trend in the market. Cell culture technique used for identifying potential biomarkers and develop a targeted drug therapy requires accurate and continuous monitoring of critical cell culture parameters at regular time interval. All these factors are expected to fuel the demand for cell culture monitoring biosensors during the forecast period. With automated cell culture monitoring phasing into the cell culture monitoring market, suppliers of devices need to ensure accuracy and security of data generated. For this, sensors in the devices need to be very sensitive to changes in the cell size, count, temperature, and other parameters. Furthermore, demand for portable devices would in turn fuel demand for micro- and nano-sized sensors with high sensitivity and accuracy.
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Key Takeaways of the Cell Culture Monitoring Biosensors Market:
The global cell culture monitoring biosensors market is expected to expand at a CAGR of 10.0% during the forecast period (2016–2024) as there exists a large unrealized market especially in Africa, Asia Pacific, Latin America and Middle East. The electrochemical biosensors segment dominates the market in the product type segment, as it is widely preferred by biotechnology company to monitor cell functioning. Pharmaceutical Industry is the major end user segment for cell culture monitoring biosensors market, as major application of cell culture monitoring biosensors are in pharmaceutical industry for various emerging technologies in tissue engineering and regenerative medicine. Some of the major players involved in global cell culture monitoring biosensors market are C-CIT Sensors AG, Sarissa Biomedical Ltd, Lonza, Lifeonics, Nova Biomedical, Conductive Technologies Inc., Nanomedical Diagnostics and Sierra Sensors GmbH.
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