The Global CellCulture Monitoring Biosensors Market, by Product Type (ElectrochemicalBiosensors, Thermometric Biosensors, Fiber Optic Biosensors, PiezoelectricBiosensors, and Others), By End User (Pharmaceutical Industry, BiotechnologyOrganizations, and Research Laboratories), and by Region (North America, LatinAmerica, Europe, Asia Pacific, Middle East, and Africa), is estimated to bevalued at US$ 332.0 million in 2020 and is expected to exhibit a CAGR of 9.6%during the forecast period (2020-2027), as highlighted in a new reportpublished by Coherent Market Insights.
Global Cell Culture MonitoringBiosensors Market - Impact of Coronavirus (COVID-19) Pandemic
Following the COVID-19 outbreakin December 2019, the virus has spread to more than 100 countries across theglobe and the World Health Organization has declared it a public healthemergency. According to the World Health Organization’s report, themanifestation of coronavirus disease (COVID-19) has resulted in more than 29.6million infected individuals worldwide as of September 2020. The COVID-19pandemic has affected the global economy in three main ways; by directlyaffecting production and demand, by negatively impacting the supply chain andmarket disruption, and through its financial impact on firms and financialmarkets. Nationwide lockdowns in various countries such as Italy, Spain, U.K.,the U.S., Australia, India, and others have disrupted daily life andactivities.
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Moreover, severe economic crisisand broken supply chain (due to Covid 19 lockdown) of medical devices industryis a major issue faced by medical device companies in every country across theglobe. The pandemic has negatively impacted the medical device industry interms of supply and demand of devices. As a result, the global cell culturemonitoring biosensors market growth is also expected to witness a slowdown.
The slowdown of pharma,biopharma, and biotech companies’ manufacturing processes have also impacteddemand for biosensors used in cell culture monitoring.
Browse 28 Market Data Tables and29 Figures spread through 164 Pages and in-depth TOC on The Global Cell CultureMonitoring Biosensors Market, by Product Type (Electrochemical Biosensors, ThermometricBiosensors, Fiber Optic Biosensors, Piezoelectric Biosensors, and Others), ByEnd User (Pharmaceutical Industry, Biotechnology Organizations, and ResearchLaboratories), and by Region (North America, Latin America, Europe, AsiaPacific, Middle East, and Africa), - Forecast to 2027"
Moreover, increasingcollaboration among key players offering cell culture monitoring biosensorproducts is expected to drive growth of this market. For instance, in May 2017,Nova Biomedical, an in vitro diagnostic company involved in developing, manufacturing,and selling of blood testing analyzers and diagnostic products for healthcare,collaborated with Flownamics, a world leader in developing and manufacturingautomated sampling and feed control systems to address the rising needs offermentation and bioreactor operators in the biotechnology industry. Thecompanies collaborated for online Automation of Cell Culture Sampling withBioProfile FLEX2 and Seg-Flow Online Autosampler.
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Key Takeaways of the Global CellCulture Monitoring Biosensors Market:
The global cell culturemonitoring biosensors market is expected to exhibit a CAGR of 7.6% during theforecast period (2020-2027), owing to increasing cell culture applications inresearch and product development
Among product type, theelectrochemical biosensors segment is expected to hold a major revenue share in2027, owing to increasing conferences conducted to promote such products. Forinstance, in September 2018, C-CIT Sensors AG showcased the ‘CITSens MeMo’ atthe Bioprocess International Conference & Exhibition at the HynesConvention Center, located in Boston, U.S.
Major players operating in theglobal cell culture monitoring biosensors market include C-CIT Sensors AG,Sarissa Biomedical Ltd, Lonza, Lifeonics ltd., Nova Biomedical, Cardea, ConductiveTechnologies Inc., and Bruker Corporation
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