Media, Sera, and Reagent Market Size, Share, Trends & Forecast 2023Posted by Rishabh on January 9th, 2020 The global media, sera, and reagents market is projected to grow at a CAGR of 10.5% during the forecast period (2018-2023). The major factors that are augmenting the media, sera, and reagents market are increasing applications of cell culture technology in medical research sector in areas of drug discovery, cancer research, stem cell research, artificial organs, and medical diagnosis. Along with that, increasing investments by biopharmaceutical companies and government funding are driving the market growth in these regions. There are few factors that are hindering the growth of the media, sera and reagents market. These include reasons such as alternative technologies for bio-manufacturing processes and precision-driven cell culture procedures. Request a free sample of our report on Media, Sera, and Reagent Market:https://www.omrglobal.com/request-sample/media-sera-and-reagents-market Artificial organs are manmade devices that are integrated into the human body for replacing the functions performed by natural organs and empowering patients for returning to a normal life. In case, the human organ is failed or malfunctioned, the unnatural devices or machines are used. Stem cells of the patients are usually used for producing manmade devices that are grown in a controlled environment in the laboratories. There is an increased demand for organ donor due to the huge gap between the demand and supply of organs. The scarcity of the available potential organs for transplantation has been a major concern. There is a high and ever-increasing demand for organ donors when compared to the actual supply. A full report of Global Media, Sera, and Reagent Marketis available at: https://www.omrglobal.com/industry-reports/media-sera-and-reagents-market The demand for organs arises due to lifestyle changes and habits such as excessing consumption of alcohol and smoking that leads to the damage of organs and the occurrence of diseases such as cancer. In addition, the demand for organs could arise from accidents such as physical trauma or poisoning. According to the NHS Blood and Transplant, as of September 2016, among 6,599 patients, more than 75% of the patients in the waiting list require a kidney transplant. This demand could be arising due to an infection, diabetes, or prolonged blood pressure that leads to chronic kidney failure. In addition, a liver transplant was required by 9% of the patients as a result of inherited liver disease, autoimmune disease, viral infection, liver cancer or other toxins. Due to these diseases, the liver cells die that result in loss of function and increase the demand for artificial organ. Moreover, increasing lung problems such as idiopathic pulmonary fibrosis, chronic obstructive pulmonary disease (COPD), pulmonary hypertension or cystic fibrosis rise the demand for a lung transplant. The demand for artificial organs is expected to rise in future with the changing lifestyle of the people leading to various chronic disease which in turn will augment the growth of cell culture media, sera, and reagent. Moreover, the players present in the market are working on the development of artificial organs using stem cells of the human and are offering artificial organs. Global Media, Sera, and Reagent Market - Segment By Product
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