Press release
Primary Cells Market Analysis, Top Drivers, Key Players, Segmentation And Forecast To 2033
"The new report published by The Business Research Company, titled ""Primary Cells Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the primary cells market size has grown rapidly in recent years. It will grow from $1.33 billion in 2023 to $1.49 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The primary cells market size is expected to see rapid growth in the next few years. It will grow to $2.24 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%.
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Government Funding Surge Expected to Drive Growth in the Primary Cells Market
The rising government funding for cancer research is expected to propel the growth of the primary cells market going forward. Funding refers to the financial support provided to a project, initiative, organization, or individual to enable its development, operation, or achievement of specific goals. Government funding is used in primary cells to support research projects, personnel support, equipment and infrastructure, training and education, regulatory compliance, and technology development. For instance, in May 2022, the American Institute for Cancer Research (AICR), a US-based large American cancer research organization, requested $49 billion funding in 2023, which is an increase of $4.1 billion compared to the previous year's $46.4 billion. Therefore, rising government funding for cancer research is expected to propel the growth of the primary cell market.
Enhanced Growth and Expansion of Human T Lymphocytes in Allogeneic Cell Therapies
Major companies operating in the primary cell market are focusing on advancements in cell products, such as a novel serum-free medium, to address the challenges faced by cell therapy developers in the manufacturing workflow, particularly for allogeneic cell therapy workflows. A novel serum-free medium is a culture or growth medium used in cell culture or tissue culture that does not contain serum, specifically fetal bovine serum (FBS) or other animal-derived sera. For instance, in January 2021, Thermo Fisher Scientific Inc., a US-based biotechnology company, launched Gibco CTS OpTmizer Pro Serum Free Medium (SFM) for the growth and expansion of human T lymphocytes, such as CD4+, CD8+, polyclonal, or antigen-specific T cells used in allogeneic cell therapies. This medium is designed to improve central memory phenotype and cell growth, leading to increased production of central memory cells in a shorter period. It is also suited for more extended workflows, supports high-density cultures, and is compatible with closed systems and automation.
The primary cells market covered in this report is segmented -
1) By Type: Hematopoietic cells, Dermatophytes, Gastrointestinal Cells, Hepatocytes, Lung Cells, Renal Cells, Heart Cells, Musculoskeletal Cells, Other Primary Cells
2) By Origin: Human Primary Cells, Animal Primary Cells
3) By End User: Pharmaceuticals, Biotechnology Companies, Contract Research Organizations (CRO), Academic And Research Institutes, Other End Users
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Major companies operating in the primary cells market are Thermo Fisher Scientific Inc, Merck KGaA , BD Biosciences, Corning Incorporated, Cytiva, Lonza Group Ltd, Charles River Laboratories Inc., STEMCELL Technologies Inc, American Type Culture Collection , Cell Signaling Technology, BioIVT, InvivoGen, HemaCare Corporation, Creative Bioarray Inc., PromoCell GmbH, CellGenix, AllCells LLC, Axol Bioscience Ltd, PBS Biotech Inc, AnaBios Corporation, ReachBio Research Labs, PELOBIOTECH GmbH, Cell Biologics Inc., ZenBio Inc., StemBioSys Inc
Contents of the report:
1. Executive Summary
2. Primary Cells Market Report Structure
3. Primary Cells Market Trends And Strategies
4. Primary Cells Market - Macro Economic Scenario
5. Primary Cells Market Size And Growth
…..
27. Primary Cells Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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