Cell Line Development Market Size, Growth, Analysis and Forecast 2020 to 2027 | BioFactura, Sartorius AG, LakePharma, Selexis SA, Corning , WuXi AppTec Group

The factors contributing to the growth of the cell line development market in the countries of Asia Pacific are increasing foreign direct investments in these countries, highly skilled, efficient, and a large number of human resources, streamlining government policies resulting in high expenditures for the biotechnology sector. Moreover, the growing number of players operating across the country manufacture products for cell line development. The countries such as Australia, India, and South Korea are estimated to serve various growth opportunities due to the rising development in the biotechnology sector.

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Cell Line Development market is anticipated to reach US$ 11,161.35 Mn in 2027 from US$ 3,694.87 Mn in 2018. The cell line development market is expected to grow with a CAGR of 13.2% from 2019-2027.

The report provides trends predominating in the global cell line development market and the factors driving the market along with those that act as hindrances. Some major factors driving the market growth are increasing adoption of regenerative medicines, rising prevalence of cancer across the globe, and increasing investments in R&D by pharmaceutical and biotechnology companies. However, the risk associated with cell line contamination is expected to hamper the market during the forecast period.

The cell line development market majorly consists of players such as Thermo Fisher Scientific Inc., Merck KGaA, Selexis SA (JSR Corporation), BioFactura, Inc., Corning Incorporated, Sartorius, Lonza, GENERAL ELECTRIC, LakePharma, Inc., and WuXi AppTec Group among others.

Several companies are concentrating on organic strategies, such as product launch and product approvals. For instance, in June 2019, Thermo Fisher Scientific introduced Cytomat 2 C-LiN Series automated incubator for cell cultures. This instrument has features such as controlled automatic humidity, inbuilt contamination reduction system, other advanced features.

The global cell line development market, based on the type, was segmented into a primary cell line, hybridomas, continuous cell lines, and recombinant cell line. In 2018, the recombinant cell line accounted for the largest market share in the global cell line development market by type. The recombinant cell line segment is expected to witness rapid growth owing to critical factors like the rising demand for recombinant proteins, increasing the use of recombinant cell lines for biotherapeutics, and growing demand for toxicity testing.

Additionally, cell line development also aids in research, diagnostics, and treatment of cancer. Cancer is among the leading cause of death around the world and is hugely influencing the quality of life. Hence, cancer will be a responsibility for society if not diagnosed and treated on time. As per the World Health Organization in 2018, nearly 9.6 million deaths across the globe were due to cancer. The statistics determine a rise in the demand for cell line development in various regions around the world. Hence, driving the growth of the global cell line development market during the forecast period.

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Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

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Table of Content of Cell Line Development Market
1. Scope of the Study
2. Cell Line Development Market - Key Takeaways
3. Research Methodology
4. Cell Line Development - Market Landscape
5. Global Cell Line Development Market - Key Market Dynamics
6. Cell Line Development Market - Global Analysis
7. Cell Line Development Market - Revenue and Forecasts to 2027 - Type
8. Cell Line Development Market Analysis and Forecasts to 2027 - Product
9. Cell Line Development Market Analysis and Forecasts to 2027 - Application
10. Cell Line Development Market Revenue and Forecast to 2027 - Geographical Analysis
11. Cell Line Development Market - Industry Landscape
12. Cell Line Development Market - Key Company Profiles

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