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Primary Cells Market Surging at 10.40% CAGR: Fueling Cancer Research & Cures | Market Research Future | USD 1.2 Billion by 2030 | Human Cells Drive Growth
Primary Cells Market
The Primary Cells Market Size reached USD 0.6 billion in 2022 and is forecasted to expand from USD 0.66 billion in 2023 to USD 1.199 billion by 2030, with a compound annual growth rate (CAGR) of 10.40% during the forecast period (2023 - 2030).
Key market drivers contributing to this growth include increased cancer incidence, rising government funding for cancer research, and the development of new infrastructure to bolster the healthcare industry.
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Market Trends
The demand for primary cells has seen a notable increase due to intensified cancer research efforts and the development of novel cures and treatments. Cancer remains one of the most lethal and persistent illnesses globally, with no proven dependable cure and limited understanding of its origins. Consequently, research into cancer has been ongoing and expanding for many years.
Advancements in biochemistry and medically related tools, such as improved microscopes and chemicals, have significantly benefited and expanded the field of cancer research. The rapid pace of R&D investments has led to the development of effective therapeutics utilizing primary cells to address various immunodeficiency diseases, propelling the global primary cells market.
Medical researchers are continuously exploring the use of primary cells from animal or human tissue to treat malignant malignancies, spurred by advancements in the biotechnology and biopharmaceutical sectors. Moreover, the primary cell market is expanding due to the utilization of patient-derived samples in cutting-edge preclinical technologies like 3D cell cultures.
Furthermore, primary human cells are increasingly preferred over animal cells for researching the impact of cancer cells on the human body, driving the market's compound annual growth rate (CAGR). Overall, these factors underscore the rapid expansion and importance of the primary cells market in advancing cancer research and treatment.
Competitive Insights
Key Companies in the Primary Cells market include
AllCells (US)
ZenBio Inc. (Research Triangle Park, NC)
PromoCell (UK)
Thermo Fisher Scientific Inc. (US)
Cell Biologics Inc. (Chicago)
STEMCELL Technologies Inc. (Canada)
Merck KGaA (Germany)
American Type Culture Collection (ATCC)
AG (Switzerland)
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Segment Analysis:
The Global Primary Cells Market is segmented based on Source, Type, and End User.
Source:
Hematopoietic cells
Skin cells
Gastrointestinal cells
Liver cells
Lung cells
Skeletal and muscle cells
Type:
Human primary cells
Animal primary cells
End User:
Pharmaceutical and biotechnology companies
Research institutes
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Regional Analysis:
The Global Primary Cells Market is divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
Americas: Expected to hold the largest market share due to increasing cancer prevalence, growing government funding in research, and strategic collaborations among key players. For instance, STEMCELL Technologies Inc. entered a license agreement with Cincinnati Children's Hospital Medical Center for commercializing gastrointestinal organoid production technology from pluripotent stem cells (PSCs).
Europe: Holds the second-largest market position, driven by rising lifestyle-associated conditions and the presence of developed economies like Germany, the UK, and France.
Asia-Pacific: Estimated as the fastest-growing region due to increasing chronic and acute diseases prevalence such as HIV, cancer, and diabetes, alongside infrastructure development to support the healthcare industry.
Middle East & Africa: Expected to experience significant growth with the implementation of new business strategies like expanding distribution channels and product launches in untapped markets by healthcare companies, enhancing market growth in the region.
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