Biotherapeutics Cell Line Development Market: Industry Overview and Key Factors
This consolidation has led to reduced market shares for other players and has also abated the possibility of new entrants, thereby offering prominent opportunities for business expansion existing leaders. Over the coming years, these players will need to focus on advancements in technologies to gain a competitive edge over each other.
Unmet Medical Needs in Emerging Economies to Present Lucrative Opportunities for Biotherapeutics Cell Line Development
This 104 page report gives readers a comprehensive overview of the Biotherapeutics Cell Line Development Market. Browse to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/biotherapeutics-cell-line-development-market.html
The increasing prevalence of chronic diseases, stimulated by the rapid growth of the global geriatric population, has created favorable conditions for the progression of biotherapeutics. Currently, the increasing percentage of elderly individuals in the world’s population is a significant trend, which is likely to intensify over the years to come. This rise in geriatric population is impelling the incidence of chronic, degenerative, and autoimmune diseases such as diabetes, cancer, and multiple sclerosis. Biotherapeutics, supported by its high efficiency, is grabbing substantial attention from patients as well as medical professionals for the treatment of these diseases, leading to a significant thrust to the development of biotherapeutics cell line across the world.
Looking forward, emerging economies in Asia Pacific, Latin America, and Africa, laden with unmet medical needs, will provide lucrative opportunities for biotherapeutics cell line development over the next few years. Apart from this, the growing demand for monoclonal antibodies is also projected to stimulate development activities for these cell lines in the near future.
Stringent Regulations Could Delay Product Development, Hamper Market Growth
Although the market for biotherapeutics cell line development looks thriving at present, the stringent norms and policies that regulate cell culture procedures in the production of biotherapeutics create severe issues for market participants.
As the development of stable cell line producing biologics needs to follow standard operating procedures and compliance, and requires to monitor product quality by performing tests in line with SOPs and regulations, existing players face delay in product development. These regulations also restrict the entry of new players in this market.
Request a sample of this report to know what opportunities will emerge in the rapidly evolving Biotherapeutics Cell Line Development Market during 2015 - 2022: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8272
Single Cell Cloning to Remain Most Preferred Process for Cell Line Development
The global market for biotherapeutics cell line development is estimated to expand at a steady CAGR of 7.50% during the period from 2015 to 2022, with the opportunity rising from US$56.03 mn in 2014 to US$99.8 mn by the end of the forecast period.
North America has been leading this market since the last few years and is projected to remain the key revenue contributor in the near future. The region is likely to witness a rise in its market opportunity from US$23.5 mn in 2014 to US$41 mn by 2022. However, Asia Pacific is anticipated to report the fastest CAGR of 9.40% during the forecast period.
Single cell cloning was the main cell line development process followed in 2014. Analysts expect it to continue to lead with a majority share throughout the forecast period. Outsourcing will emerge as the most preferred cell line development option for biotherapeutics over the forthcoming years, states TMR.
The information presented in this review is based on the findings of a report by Transparency Market Research titled "Biotherapeutics Cell Line Development Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2022."
Top three players accounted for 85% of the overall market in 2015
Stringent norms could create obstacles for market players
Asia Pacific is anticipated to grow at the fastest rate during the forecast period
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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