Covina, Aug. 22, 2024 (GLOBE NEWSWIRE) -- According to Prophecy Market Insights, the global cellular starting materials Market size and share is projected to grow from USD 1.7 Billion in 2024 and is forecasted to reach USD 11.1 Billion by 2034, exhibiting a compound annual growth rate (CAGR) of 22.9% during the forecast period (2024 - 2034).
Cellular Starting Materials Market Report Overview
Cellular Starting Materials are the foundational biological resources used in the production of cell-based therapies, biologics, and regenerative medicines. These materials include various types of cells such as stem cells, primary cells, and genetically modified cells which serve as the basis for developing advanced therapeutic products.
A wide variety of medicinal items must be developed using cellular starting materials. The final medicinal products' efficacy, safety, and repeatability are directly impacted by their caliber, consistency, and dependability.
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Our Free Sample Report includes:
- Overview & introduction of market study
- Revenue and CAGR of the market
- Drivers & Restrains factors of the market
- Major key players in the market
- Regional analysis of the market with a detailed graph
- Detailed segmentation in tabular form of market
- Recent developments/news of the market
- Opportunities & Challenges of the Market
Competitive Landscape:
The Cellular Starting Materials Market is characterized by rapid growth, technological innovation, and fierce competition. Companies are expanding their global presence, focusing on sustainability, and diversifying their service offerings to stay competitive.
Some of the Key Market Players:
- Lonza Group
- Catalent Inc.
- Samsung Biologics
- Eurofins Scientific
- Boehringer Ingelheim Group
- FUJIFILM Diosynth Biotechnologies Inc.
- Wuxi Biologics
- LabCorp Drug Development
- Cambrex Corporation
- AGC Biologics
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Analyst View:
The market for cellular starting materials is becoming more widely recognized as being essential to the biopharmaceutical and regenerative medicine sectors. One of the pharmaceutical industry's fastest growing segments is the biologics division which comprises recombinant proteins, gene treatments, and monoclonal antibodies.
Market Dynamics:
Drivers:
Rising Demand for Cell-Based Therapies
- Cell-based therapies such as immune cell therapies like CAR-T cells and stem cell therapies are quickly becoming well-known revolutionary treatments for a variety of ailments such as cancer, autoimmune diseases, and genetic disorders. The availability of high-quality cellular starting materials that provide the fundamental inputs for these cutting-edge treatments is critical to the success and growth of these therapies.
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Market Trends:
Advances in Regenerative Medicine
- The topic of regenerative medicine holds great promise for replacing or repairing damaged tissues and organs. Central to the development of regenerative treatments are cellular starting materials especially stem cells.
Segmentation:
Cellular Starting Materials Market is segmented based on Type, Grade, End-Use, and Region.
Type Insights
- This sector includes Leukopaks, and Cells & Tissues. Leukopaks segment is expected to dominate the target market growth as these are a primary source of peripheral blood mononuclear cells (PBMCs) which are crucial for developing and manufacturing various cellular therapies.
Grade Insights
- In the target market, good manufacturing practice (GMP) is the most dominant segment as GMP guidelines are a fundamental requirement for the manufacturing of cellular starting materials. These guidelines ensure that CSMs are produced consistently and meet the stringent quality standards required for clinical and commercial use.
End-Use Insights
- In the target market cell therapy is the most dominant segment as cell therapy has emerged as a transformative approach in treating a range of medical conditions, including cancer, autoimmune disorders, and degenerative diseases.
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Recent Development:
- In January 2023, Charles River Laboratories International, Inc. announced the launch of their new CliniPrime suite of Good Manufacturing Practice (GMP)-compliant cellular starting materials. CliniPrime products provide rapid access to starting materials for cell and gene-modified cell therapies with a standardized production process for high-quality GMP-compliant products.
Regional Insights
- North America: This region benefits from a robust research ecosystem, supported by numerous academic institutions, research centers, and government initiatives.
- Asia Pacific: The biopharmaceutical industry in Asia-Pacific is expanding rapidly, with countries like China, Japan, South Korea, and India making significant investments in biotechnology.
Browse Detail Report on "Cellular Starting Materials Market Size, Share, By Type (Leukopaks, and Cells & Tissues), By Grade (Good Manufacturing Practice, and Research), By End-Use (Cell Therapy, Research & Development, and Others), and By Region - Trends, Analysis, and Forecast till 2034" with complete TOC @ https://www.prophecymarketinsights.com/market_insight/cellular-starting-materials-market-5554
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