Sellbyville, Delaware, March 26, 2018 (GLOBE NEWSWIRE) --
Global Cell Line Development Market is projected to surpass USD 7.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Growing cancer prevalence, increasing demand for vaccines and monoclonal antibodies, and mounting technological advancements coupled with innovations in biologics will stimulate the cell line development market growth over the forecast period. Growing favourable government initiatives for development of healthcare infrastructure, surge in vaccine production and increasing monoclonal antibodies demand will drive the market size.
Increasing disease prevalence in underdeveloped countries owing to adoption of western lifestyle, lack of physical exercise, consumption of harmful substances such as tobacco, alcohol, exposure to radiation and environmental pollutants will serve as a high impact rendering aspect for the business growth.
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Growing demand for biologics coupled with rising public awareness pertaining to cell therapy such as use of monoclonal antibodies in cancer treatment will propel the industry growth. Uncertain regulatory guidelines in developing countries for approval of biologics and diagnostics products will hamper the industry growth. Moreover, stem cell research related issues in developing economies will have negative impact on the business size.
Reagents and media market accounted for the highest revenue share and is anticipated to grow at a substantial rate in the coming years due to growing use of reagents and media for bio production, regenerative medicines, drug discovery, toxicity testing, research and tissue engineering. Non-mammalian source market should grow at a substantial rate over the forecast period pertaining to factors like growing use in production of vaccines for diseases such as rubella, mumps, measles in humans, and foot & mouth diseases in veterinary care will fuel the segment growth.
Browse key industry insights spread across 150 pages with 145 market data tables & 11 figures & charts from the report, “Cell Line Development Market” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/cell-line-development-market-report
Primary cell line market will grow at considerable rate in the coming years. Rising use of primary cell lines as the most relevant mean for understanding core biological aspects of human and animal biology coupled introduction of novel technologies like 3D cell culture in primary cell line resulting in improved results and increasing usage will fuel the segment share. Tissue engineering will show noteworthy progress owing to increasing study the clinical relevance of the diseases and rising adoption rates of tissue engineering in patient treatment such as implantation of bladders. Bioreactor segment will grow at a considerable rate due to increasing use in large-scale manufacturing of biologics and to grow cells or tissues in cell culture.
U.S. is anticipated to grow significantly in the coming years owing to increasing adoption rates of cell culture techniques, high incidence of chronic diseases coupled with advancements in component technologies to improve the efficiency and speed of generating robust and highly productive cell line for large scale production of protein therapeutics.
Increase in demand for cell therapies in UK coupled with growing investments by manufacturers in biotechnology companies and rising funding by UK government for stem cell research in companies through technology strategy board will fuel regional revenue in the coming years.
Japan should witness lucrative growth over the forecast period owing to growing government investment in research institutes like RIKEN Center for Developmental Biology and Frontier Institute of Biomedical Research for regenerative medicine. Rising advancement in stem cell research, biotechnological innovations for development of cell line, advancement in protein expression will promote business growth.
Some of the companies operating in industry are GE Healthcare, Thermo Fisher Scientific, The European Collection of Cell Cultures, Lonza Group, Sigma-Aldrich, Samsung Biologic, Sartorius, Selexis, WuXi AppTec, GVK BIO, and Progenitor Cell Therapy.
New product launches, expansion of manufacturing facilities, mergers and acquisition, partnership and collaboration will mainly boost the business. Major industry participants will work to strengthen their position in the market by implementing these strategies.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.