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Cell Line Development Market Latest Rising Trends And Forecast to 2033
Cell Line Development Market
As per the report, the cell line development market size has grown rapidly in recent years. It will grow from $7.16 billion in 2023 to $8.21 billion in 2024 at a compound annual growth rate (CAGR) of 14.7%. The cell line development market size is expected to see rapid growth in the next few years. It will grow to $14.25 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%.
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Rising Cancer Prevalence Propels Growth of Cell Line Development Market
An increase in increasing prevalence of cancer is expected to propel the growth of cell line development going forward. Cancer is a term used to describe a group of diseases characterized by the uncontrolled growth and spread of abnormal cells in the body. The cancer has been rising with pre dominant factors related to population growth and aging, lifestyle choices, obesity, and genetical factor. Cell lines provide a platform for screening potential drug for their efficacy in treating chronic diseases. Researchers are exposed to various compounds and observe its effects, helping them to identify promising drug compound for further development. For instance, in February 2024, according to the World Health Organization, a Switzerland-based government organization, over 35 million new cancer cases are expected by 2050, a 77% surge from the estimated 20 million cases in 2022. Therefore, an increasing prevalence of cancer drives the cell line development market.
Innovative Platforms Drive Competition In The Cell Line Development Market
Major companies operating in the cell line development market are developing innovative platforms to gain a competitive edge in the market. The innovative cell line development platforms stand out for their ability to streamline and optimize the cell line development process, offering speed, efficiency, enhanced productivity to support the development of biological drug. For instance, in January 2023, Abzena, a UK-based that provides outsourced research, development, and manufacturing services launched new platforms called AbZelect and AbZelectPro aimed at accelerating the cell line development (CLD) process for biologic drug programs. These platforms offer higher productivity, enabling the production of more drug substances per manufacturing run. This increased efficiency not only expands capacity and reduces costs for customers but also speeds up the delivery of critical therapies to patients in need.
The cell line development market covered in this report is segmented -
1) By Product : Reagents And Media, Equipment , Accessories And Consumables
2) By Source: Mammalian, Non-Mammalian
3) By Cell Line: Recombinant, Hybridomas, Continuous Cell Line, Primary Cell Line
4) By Application: Bioproduction, Drug Discovery, Toxicity Testing, Tissue Engineering, Research
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Major companies operating in the cell line development market are Thermo Fisher Scientific Inc., Novartis AG, Danaher Corporation, Merck KGaA, GE Health Care, AGC Biologics, Corning Inc., Eurofins Scientific, Lonza Pvt. Ltd., WuXi App tech, Sartorius AG, GenScript Biotech Corporation, FUJIFILM Diosynth Biotechnologies, Promega corporation, KBI Biopharma Inc., Rentschler Biopharma SE, Advanced Instruments LLC, Cyagen, Horizon Discovery Group Plc, Probiogen AG, PromoCell GmbH, Premas Biotech, Imgenex, NAEJA RGM Pharmaceuticals Inc
Contents of the report:
1. Executive Summary
2. Cell Line Development Market Report Structure
3. Cell Line Development Market Trends And Strategies
4. Cell Line Development Market - Macro Economic Scenario
5. Cell Line Development Market Size And Growth
…..
27. Cell Line Development Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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