Global Cell Line Development Market to Grow at a CAGR of 12.39% During 2022 – 2031; Rising Burden of Cancer to Drive the Market Growth

Research Nester has released a report titled “Cell Line Development Market: Global Demand Analysis & Opportunity Outlook 2031” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.

Detailed Description: https://www.researchnester.com/reports/cell-line-development-services-market/713

The global cell line development market is anticipated to generate revenue of USD 14,679.1 Million by the end of 2031, by growing at a CAGR of 12.39% over the forecast period, i.e., 2022-2031. Additionally, in 2021, the market produced revenue of USD 4,588.5 Million. The growth of the market can be attributed by the growing burden of cancer. As per World Health Organization, cancer is estimated to account for about 10 million fatalities in 2020, or nearly one in every six deaths, making it the leading cause of death globally.

The global cell line development market is segmented into CHO cells, BHK 21 cells, NSO cells, murine C127 cells, NIH3T3 cells, L929 cells, and other cells on the basis of cell type. Amongst these segments, the BHK 21 cells segment is predicted to generate USD 2,455.4 Million in revenue by the end of 2031. Furthermore, the segment brought in USD 737.8 Million in revenue in 2021. Moreover, the CHO cells segment is anticipated to generate the highest revenue of USD 5,396.4 Million by the end of 2031.

Geographically, there are five main regions that make up the global cell line development market which includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Out of which, the Asia Pacific market is anticipated to generate revenue of USD 3,945.1 Million by the end of 2031. Moreover, the Asia Pacific market brought in revenue of USD 1,166.9 million in 2021. Furthermore, by the end of 2031, the North American market is anticipated to generate the highest revenue of USD 5,086.7 Million.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

However, the inability to create or generate a stable and authentic cell as well as low transfection efficiency and integration frequency are anticipated to act as major inhibitors to the growth of the global market for cell line development during the course of the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global cell line development market, which includes company profiling of Lonza Group Ltd., Thermo Fisher Scientific, Corning Incorporated, General Electric Company, Sartorius AG, Selexis SA, Merck KGaA, WuXi AppTec, and others. The market research report also covers an in-depth analysis of the academia organizations who are associated with cell line development, the profiling of which includes organizations such as American Type Culture Collection (ATCC), and European Collection of Authentic Cell Cultures.

The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Global Cell Line Development Market: Global Demand Analysis & Opportunity Outlook 2031”, analyses the overall global cell line development market to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global cell development market in the near future.

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