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Primary Cells Market Size, Share, Trends, Report Analysis By 2033
Primary Cells Market Size
According to The Business Research Company's, 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 growth in the historic period can be attributed to rising prevalence of cancer, increasing investments in regenerative medicine research, growing demand for monoclonal antibodies, advantages of primary human cells over cell lines, increasing prevalence of chronic diseases.
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%. The growth in the forecast period can be attributed to increasing demand for personalized medicine, growing focus on stem cell research, rising investments, increasing adoption of cell-based assays. Major trends in the forecast period include demand for human primary cells, advancements in research tools and technologies, adoption of cell-based therapies.
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Market Drivers and Trends:
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.
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.
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Major Key Players of the Market:
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
Primary Cells Market 2024 Key Insights:
• The primary cells is expected to grow to $2.24 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%.
• Government Funding Surge Expected to Drive Growth in the Primary Cells Market
• Enhanced Growth and Expansion of Human T Lymphocytes in Allogeneic Cell Therapies
• North America was the largest region in the primary cells market in 2023.
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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