From Lab to Life: Expanding Horizons in Primary Cell Culture

"The Business Research Company recently released a comprehensive report on the Global Primary Cell Culture Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The primary cell culture market size has grown rapidly in recent years. It will grow from $5.91 billion in 2023 to $6.79 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to increasing demand for monoclonal antibodies, increased demand for novel therapeutics, growing demand for personalized medicine, growing demand in cell therapy research.

The primary cell culture market size is expected to see rapid growth in the next few years. It will grow to $11.89 billion in 2028 at a compound annual growth rate (CAGR) of 15%. The growth in the forecast period can be attributed to rapid growth in incidence of cancer, rising growth in pharmaceutical and biotechnology industries, growing demand for personalized medicine, growing applications in 3D cell culture models. Major trends in the forecast period include technological advancements ,product innovation, partnerships, research and development.

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Market Drivers and Trends:

The expansion of cloud computing is expected to propel the growth of the office automation market going forward. Cloud computing is the provision of computing services, such as servers, storage, databases, networking, software, and analytics, via the internet (the cloud) to offer faster innovation, flexible resources, and economies of scale. The expansion of cloud computing is due to several significant factors, including disaster recovery, security and compliance, cost-effectiveness, integration and interoperability, and digital transformation. Cloud computing enhances office automation by providing scalable, flexible, and cost-effective solutions accessible from anywhere with an internet connection. It supports real-time collaboration through cloud-based tools, facilitates secure data storage and automated backups, and enables software as a service (SaaS) for applications without extensive IT infrastructure. For instance, in December 2023, according to the European Union, a Netherlands-based international organization, the percentage of European Union businesses that bought cloud computing services increased by 4.2 percentage points in 2023 compared to 2021. Therefore, the expansion of cloud computing is driving the growth of the office automation market.

Major companies operating in the primary cell culture market are developing cell banks that contain primary cells specifically for cultivated meat research, aiming to advance sustainable and ethical meat production technologies. The Cell Bank initiative aims to support early-stage companies and researchers by providing high-quality animal primary cells suitable for cultivated meat research and development, up to 90% cheaper than other cell line providers, and free from licensing restrictions. For instance, in June 2023, Extracellular, a UK-based CDMO (contract development and manufacturing organization), launched low-cost, license-free cell banks to support the cultivated meat sector. The cell banks initially offer cells isolated from cows, pigs, and lambs' fat, muscle, and bone marrow tissues. This project demonstrates a collaborative approach to accelerate the growth of the cultivated meat industry in the UK by increasing the availability of cell lines and enabling researchers and companies to develop innovative technologies without restrictions from licensing or commercial agreements.

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Major Key Players of the Market:

Thermo Fisher Scientific Inc., Merck KGaA , FUJIFILM Holdings Corporation, GE HealthCare Technologies Inc., Corning Incorporated, Lonza Group Ltd., Sartorius AG, Miltenyi Biotec and CO.KG, STEMCELL Technologies Inc., Cyagen Biosciences Inc., Hi Media Laboratories Pvt. Ltd., PromoCell GmbH, AllCells LLC, BPS Bioscience Inc., MatTek Ltd., Axol Bioscience Ltd., Lifeline Cell Technology Corp., Neuromics Inc., Cell Biologics Inc., ZenBio Inc., Epithelix Sàrl, ReachBio LLC, AcceGen Biotechnology, Biopredic International, ixCells Biotechnologies

Primary Cell Culture Market 2024 Key Insights:

• The primary cell culture market size is expected to see rapid growth in the next few years. It will grow to $11.89 billion in 2028 at a compound annual growth rate (CAGR) of 15%.
• Rising Prevalence Of Chronic Diseases Fuels Growth In Primary Cell Culture Market
• Development Of Cost-Effective Cell Banks To Boost Cultivated Meat Research And Innovation
• North America was the largest region in the primary cell culture market in 2023

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This release was published on openPR.