Biotherapeutics Cell Line Development Market | Technological breakthroughs, Value chain and stakeholder analysis by 2022
According to TMR, the global market for biotherapeutics cell line development market will be worth US$99.8 mn by 2022. On the basis of geography, North America has been leading in the market from many years. The North American market for biotherapeutics cell line development is predicted to be worth US$41 mn by 2022. Asia Pacific on the other hand is estimated to expand at the fastest pace in the coming years. By process, the single cell cloning segment will continue to enjoy leading status throughout the forecast period. On the basis of cell line development option, the outsourcing segment will emerge victorious for biotherapeutics, stated a TMR analyst.
Growing Geriatric Population to Continue to Drive Market
The growing incidences of chronic diseases and increasing population of aged people are two important factors fueling the growth of the global biotherapeutics cell line development market. The growing geriatric population has led to an increase in the number of cases for degenerative, chronic, and autoimmune diseases. This in turn is favoring the demand for biotherapeutics cell line development. Some of the most prevalent diseases today that are boosting the growth of this market include: cancer, diabetes, and multiple sclerosis. The efficiency offered by biotherapeutics is gaining traction from patients as well as those within the medical line, for use in the treatment of the aforementioned diseases. This in turn is aiding the growth of the market.
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New Players Face Entry Barriers on Account of Strict Regulations
“The stringent policies and regulations regarding the cell culture procedures is anticipated to be a key challenge for the growth of the global biotherapeutics cell line development market,” a TMR analyst said. These policies regulate the production of biotherapeutics and could crush the growth opportunities for several market players. The development of stable cell line producing biologics requires compliance with standard operating procedures. Monitoring of product quality through tests in line with regulations and SOPs is delaying product development and affecting market players. Moreover, such strict regulations act as entry barriers for new players.
On a positive notion however, the unmet medical needs of the patient population in developing economies of Asia Pacific, Latin America, and Africa will ensure a healthy growth of the biotherapeutics cell line development market. The increasing demand for antibodies will also lead to development and progress of the global biotherapeutics cell line development market.
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