NEWARK, Del, Sept. 14, 2022 (GLOBE NEWSWIRE) -- A recently published study by FMI expects the global demand for cell line development market to increase at a CAGR of 5% during the forecast period between 2022 and 2032, reaching a total of US$ 7.66 Billion in 2032, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 6.1%.
The reasons for surge in the market include the increasing demand for regenerative medicine, shifting in focus towards advanced oncology research and rising demand for biologically derived pharmaceuticals. The advancements in culture technologies are expected to significantly impact the growth of the cell line development market through the forecast period. Moreover, the use of monoclonal antibodies as therapeutic agents to treat different types of diseased cells has invoked prospects of growth of the cell line development market.
Stable cell lines are used in various applications, such as drug screening, gene functional studies and biologics production. Increasing demand for monoclonal antibodies and other biological products will continue pushing sales in the cell line development market.
Request a Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7566
Key Takeaways from the Market Study
- U.S. dominated the North America cell line development market, with a total market share of over 90.8%
- Europe is projected to account for approximately 45.6% of the global market share.
- Greater China is projected to grow at 10.0% in the APEJ cell line development market.
- Sales of mammalian cell lines are projected to increase at a CAGR of 7.7%.
- Recombinant mammalian cell lines are projected to hold a market share of 32.4%
“Compared to the existing mammalian expression systems, human cell lines possess the ability to produce proteins analogous to naturally synthesized proteins in the human body. This property is advantageous for the advancement in protein therapeutics, and acts as a driver for the growth of the biopharmaceutical industry.” says an analyst at FMI.
Market Competition
Key players in the cell line development market are Thermo Fischer Scientific, Inc., GE Healthcare, Merck KGaA, Lonza (Sartorius Stedim Biotech S.A.), Danaher, Corning Incorporated. WuXi Biologics, Selexis SA and American Type Culture Collection (ATCC).
- In January 2021, Thermo Fisher Scientific developed a new medium for the development and expansion of human T lymphocytes (T-cells) for cell therapy developers using allogeneic workflows. The Gibco CTS OpTmizer Pro Serum Free Media (SFM) is a first-of-its-kind media-solution that targets the metabolism of healthy donor cells, making it ideally suited for use in the production of allogeneic, off-the-shelf cell therapies.
- In October 2020, Merck bolstered its viral vector manufacturing capabilities with the launch of its VirusExpress™ Lentiviral Production Platform. Using a suspension cell line rather than an adherent-based production, coupled with a chemically defined cell culture media and process with built-in scalability, Merck’s VirusExpress™ Platform meets multiple market needs.
Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-7566
More Insights Available
FMI, in its new offering, presents an unbiased analysis of the global cell line development market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of product type (Reagent and Media, Equipment and Accessories and consumables), source type (Mammalian cell line and Non-mammalian cell line), cell lines (Recombinant, Hybridomas, Continuous and Primary cell lines) & region.
About the Healthcare Domain at Future Market Insights
The healthcare domain team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
Table of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Global Cell Line Development Market Opportunity Analysis
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
Get detailed TOC @ https://www.futuremarketinsights.com/toc/rep-gb-7566
Have a Look at Related Research Reports of Healthcare
Cell Therapy Systems Market Size covering sales outlook, demand forecast & up-to-date key trends
Cell Harvesting Systems Market Demand witnessed substantial growth owing to equipment efficacy and accuracy during stem cells harvest
Cell Culture Incubator Market Share is expected to be valued at US$ 2,189.7 Million in 2022, and is projected to reach US$ 4,347.9 Million by 2032
Cell Culture Media Bags Market Forecast is projected to increase from a valuation of US$ 1.18 Bn in 2022 to US$ 2.67 by the end of 2030
Lung Cancer Therapeutics Market Forecast: The global lung cancer therapeutics market share is projected to reach US$ 48,725.9 Mn by 2026, exhibiting a CAGR of 13.4% in the forecast period
ABOUT FUTURE MARKET INSIGHTS, INC.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Latest Market Reports: https://www.futuremarketinsights.com/reports
