Cell Line Development Market Will Hit at a Volume CAGR 13.3% From 2027 | BioFactura, Corning Incorporated, Merck KGaA, Sartorius AG, Lonza and LakePharma

Cell Line Development Market was valued at US$ 4,160.42 million in 2019 and is projected to reach US$ 11,219.87 million by 2027; it is expected to grow at a CAGR of 13.3% from 2020 to 2027. The report highlights trends prevailing in the global cell line development market, and the drivers and restraints pertaining to the market growth.

Stable cell lines are widely used in a wide range application, including biologics production, drug screening, and gene functional studies. The COVID-19 pandemic led to disruptions in all phases of drug development, and it has compelled many pharmaceutical companies and clinical research organizations (CROs) to put their clinical studies on hold. The new government policies, stay-at-home orders, social distancing norms, and widespread anxiety are among the prime challenges faced by researchers conducting the ongoing studies.

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The report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

The growth of the cell line development market is attributed to factors such as increasing adoption of regenerative medicines, rising prevalence of cancer in the world, and mounting investments in R&D by pharmaceutical and biotechnology companies. However, the risks associated with cell line contamination hinder the growth of this market.

Top Dominating Key Players:

1. Thermo Fisher Scientific Inc.
2. Merck KGaA
3. Selexis SA (JSR Corporation)
4. BioFactura, Inc.
5. Corning Incorporated
6. Sartorius AG
7. Lonza
8. GENERAL ELECTRIC
9. LakePharma, Inc.
10. WuXi AppTec Group

The global cell line development market, based on type, is segmented into primary cell line, hybridomas, continuous cell lines, and recombinant cell lines. The recombinant cell lines segment held the largest share of the market in 2019. This growth is ascribed to the increasing demand for recombinant cell lines in the production of therapeutic recombinant proteins. However, the hybridomas segment is estimated to register the highest CAGR during the forecast period. This growth is attributed to rising research and development activities for novel biologics.

Key questions answered in the report include -

What will the market size and the growth rate be in 2027?
What are the key factors driving the global Cell Line Development market?
What are the key market trends impacting the growth of the Cell Line Development market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the global Cell Line Development market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the Cell Line Development market?

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Cell Line Development Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Cell Line Development Market segments and regions.

Scope of the study:

The research on the Cell Line Development Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Cell Line Development Market on the basis of end user, product type, application, and demography for the forecast period 2020 - 2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

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Envision the restrictions and restrains that are likely to hamper the market.

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