Cell Line Development Market 2024 Overview, Opportunities, Growth Impact and Demand

Market Study Report adds a new Cell Line Development Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a 13% CAGR to 2024.

Cell Line Development Market is set to exceed USD 7.5 billion by 2024; according to a new research report. Growing cancer prevalence, increasing demand for vaccines and monoclonal antibodies, and mounting technological advancements coupled with innovations in biologics will stimulate the cell line development market growth over the forecast period. Growing favorable government initiatives for development of healthcare infrastructure, surge in vaccine production and increasing monoclonal antibodies demand will drive the market.

Increasing disease prevalence in underdeveloped countries owing to adoption of western lifestyle, lack of physical exercise, consumption of harmful substances such as tobacco, alcohol, exposure to radiation and environmental pollutants will serve as a high impact rendering aspect for the business growth.

Growing demand for biologics coupled with rising public awareness pertaining to cell therapy such as use of monoclonal antibodies in cancer treatment will propel the industry growth. Uncertain regulatory guidelines in developing countries for approval of biologics and diagnostics products will hamper the industry growth. Moreover, stem cell research related issues in developing economies will have negative impact on the business.

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Reagents and media market accounted for the highest revenue share and is anticipated to grow at a substantial rate in the coming years due to growing use of reagents and media for bio production, regenerative medicines, drug discovery, toxicity testing, research and tissue engineering. Non-mammalian source market should grow at a substantial rate over the forecast period pertaining to factors like growing use in production of vaccines for diseases such as rubella, mumps, measles in humans, and foot & mouth diseases in veterinary care will fuel the segment growth.

Primary cell line market will grow at considerable rate in the coming years. Rising use of primary cell lines as the most relevant mean for understanding core biological aspects of human and animal biology coupled introduction of novel technologies like 3D cell culture in primary cell line resulting in improved results and increasing usage will fuel the segment share. Tissue engineering will show noteworthy progress owing to increasing study the clinical relevance of the diseases and rising adoption rates of tissue engineering in patient treatment such as implantation of bladders. Bioreactor segment will grow at a considerable rate due to increasing use in large-scale manufacturing of biologics and to grow cells or tissues in cell culture.

U.S. is anticipated to grow significantly in the coming years owing to increasing adoption rates of cell culture techniques, high incidence of chronic diseases coupled with advancements in component technologies to improve the efficiency and speed of generating robust and highly productive cell line for large scale production of protein therapeutics.

Increase in demand for cell therapies in UK coupled with growing investments by manufacturers in biotechnology companies and rising funding by UK government for stem cell research in companies through technology strategy board will fuel regional revenue in the coming years.

Japan should witness lucrative growth over the forecast period owing to growing government investment in research institutes like RIKEN Center for Developmental Biology and Frontier Institute of Biomedical Research for regenerative medicine. Rising advancement in stem cell research, biotechnological innovations for development of cell line, advancement in protein expression will promote business growth.

Some of the companies operating in industry are GE Healthcare, Thermo Fisher Scientific, The European Collection of Cell Cultures, Lonza Group, Sigma-Aldrich, Samsung Biologic, Sartorius, Selexis, WuXi AppTec, GVK BIO, and Progenitor Cell Therapy.

More Report At: https://www.military-technologies.net/author/ashwin/

Related Report:

Global Biotherapeutics Cell Line Development Market Size, Status and Forecast 2025

This report studies the global Biotherapeutics Cell Line Development market, analyzes and researches the Biotherapeutics Cell Line Development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like Becton Dickinson & Company, Beckman Coulter, Boehringer Ingelheim Group & More.

https://www.marketstudyreport.com/reports/global-biotherapeutics-cell-line-development-market-size-status-and-forecast-2025/?utm_source=RR-PSR

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