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Cell Line Development Market Future Challenges and Industry Growth Outlook by 2020-2026

Author : Ronak Bora | Published Date : 2020-09-04 

Cell line development market is anticipated to experience a remunerative growth phase over the coming years due to the increasing frequency of cancer and other chronic diseases, and the growing demand for monoclonal antibodies across the globe.

The American Cancer Society has anticipated that around 1.8 million new cancer cases would be diagnosed in the United States in 2020. Increasing investments in research & development activities have led to the creation of cancer cell lines which are used for developing and studying effective and adequate biological therapies for cancer. Rising focus of companies towards the development of disease specific cell line is expected to stimulate the market size in coming years.

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Increasing demand for monoclonal antibodies had also been beneficial for market expansion. Growing use of monoclonal antibodies in the treatment of myocardial infarctions, drug toxicity reversal, cancer, as well as minimum risk of allograft rejection are some of the benefits offered by monoclonal antibodies, which will surge its demand over the estimated timeframe.

Additionally, the homogenous nature and stability of the monoclonal antibodies also enhances its preference over polyclonal antibodies, thereby impelling market growth. However, stringent regulatory regulations and risk of cross-contamination may hamper the market growth of cell line development to a degree over the forecast time period.

Based on Global Market Insights, Inc., estimates, the global cell line development market size is set to exceed $9.8 billion by 2026.

The number of cancer patients is rising to substantial levels across the globe. As per the American Cancer Society estimations, around 1.8 million new cancer cases are likely to be registered in the U.S. alone in 2020.

Also, the American Cancer Society approximates 606,520 cancer-related deaths of Americans by the end of 2020. Increasing prevalence of cancer as well as other chronic diseases has resulted in mounting demand for monoclonal antibodies, which will positively impact cell line development industry trends.

The growing usage of incubator and storage equipment for proper growth and storing of cell lines has resulted in surging demand for cell line development equipment. In 2019, cell line equipment segment accounted for 52% of the total revenues of cell line development market.

The rising demand for cell culture and novel therapeutics to cater to wide unmet medical needs will further fuel the adoption of storage equipment. Incubators are in high demand as they offer advanced features such as high temperature decontamination, temperature regulation, HEFA filters and solid copper components.

Expansive application scope of cell line in drug discovery, bioproduction, tissue engineering, research and toxicity testing will complement the overall healthcare business landscape. Tissue engineering is widely used in skin grafting and implantation of trachea, bladders and arteries. Surging demand for regenerative and personalized medicine may result in increased requirement of tissue engineering.

In 2019, tissue engineering segment contributed a substantial revenue share and is likely to record a notable growth rate of 13.5% over the analysis period. The growth can be attributed to mounting demand for bone marrow, stem cells and mesenchymal stem cells for organ/tissue production.

Asia Pacific region harbors a large patient pool suffering from various infectious and chronic diseases due to lack of adequate healthcare facilities. However, various government and private organizations across the region have started investing in stem cell research on account of surging demand for regenerative medicine.

Favorable government policies have also been introduced in countries such as India and China for the improvements in healthcare infrastructure. Asia Pacific cell line development market share will exhibit growth of nearly 13% through 2026, owing to increasing adoption of cell line development technologies in biopharmaceutical companies for vaccine development. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/cell-line-development-market-report

Partial Chapter of the Table of Content 

Chapter 4.    Cell Line Development Market, By Product

4.1. Key segment trends

4.2. Reagents and media

4.2.1.    Reagents and media market, by region, 2015 - 2026 (USD Million)

4.3. Equipment

4.3.1.    Equipment market, by region, 2015 - 2026, (USD Million)

4.3.2.    Incubators

4.3.2.1.    Incubators market, by region, 2015 - 2026, (USD Million)

4.3.3.    Centrifuges

4.3.3.1.    Centrifuges market, by region, 2015 - 2026, (USD Million)

4.3.4.    Bioreactors

4.3.4.1.    Bioreactors market, by region, 2015 - 2026, (USD Million)

4.3.5.    Storage equipment

4.3.5.1.    Storage equipment market, by region, 2015 - 2026, (USD Million)

4.3.6.    Microscopes

4.3.6.1.    Microscopes market, by region, 2015 - 2026, (USD Million)

4.4. Accessories and consumables

4.4.1.    Accessories and consumables market, by region, 2015 - 2026, (USD Million)

Chapter 5.    Cell Line Development Market, By Source

5.1. Key segment trends

5.2. Mammalian

5.2.1.    Mammalian cell line development market, by region, 2015 - 2026, (USD Million)

5.3. Non-mammalian

5.3.1.    Non-mammalian cell development market, by region, 2015 - 2026, (USD Million)

5.3.2.    Insects

5.3.2.1.    Insect cell line development market, by region, 2015 - 2026, (USD Million)

5.3.3.    Amphibians

5.3.3.1.    Amphibians cell line development market, by region, 2015 - 2026, (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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