Global Cell Line Development Services Market Set to Flourish, Expected to Reach USD 12,957.8 Million at a 7.4% of CAGR

Cell Line Development Services Market
Global Cell Line Development Services Market

The global cell line development services market according to our latest analysis, the market demand is anticipated to reach USD 6,365.2 million in 2023, with a forecasted compound annual growth rate (CAGR) of 7.4% from 2023 to 2033. By the end of 2033, the market is expected to be valued at USD 12,957.8 million.

The increasing demand for cell line development services can be attributed to ongoing research and technological advancements in the biotechnology sector. Cell lines play a crucial role in drug discovery, bioproduction, and regenerative medicine, serving as essential tools for studying disease mechanisms, screening potential therapeutic candidates, and producing biopharmaceuticals.

Because they make it possible to produce cell lines designated for specific uses such the expression of recombinant proteins, the manufacture of antibodies, and the creation of vaccines, cell line development services are essential to biopharmaceutical research and development. These services, which include cell line banking, engineering, optimization, and characterization, simplify and lower the cost of producing high-quality cell lines for medical and diagnostic applications.

Request Your Detailed Report Sample With Your Work Email:
https://www.futuremarketinsights.com/reports/sample/rep-gb-4339

Cell line development services are critical to the biopharmaceutical industry’s ability to manufacture vaccines and biologics for a variety of therapeutic applications. These services include cell line engineering, cell banking, and cell line characterisation, among other processes that are essential for the development and manufacturing of innovative medicines.

The predicted expansion of the cell line development services market will be facilitated by several significant aspects. The rapid advancement of biotechnology and the expanding market for biopharmaceuticals have led to an increasing emphasis on efficiency and scalability in cell line development solutions. Additionally, the growing emphasis on customized care and the growth in infectious and chronic disorders are driving up demand for biologic pharmaceuticals and bolstering the market’s expansion.

The increasing frequency of neurological disorders and cancer, coupled with the dearth of effective treatment options for these conditions, have created a need for more advanced and efficient treatment pathways. Companies and government agencies are investing funds in research and development initiatives and focusing more on the generation of cell lines in order to identify novel biological pathways for the synthesis of cutting-edge drugs. The increased research and development spending on biosimilars made by departing biopharmaceutical corporations would be advantageous to the cell line development industry.

Market Competition:

Lonza, MabPlex Inc., Thermo Fisher Scientific, Inc., Solentim Ltd., Sigma-Aldrich Corporation, Selexis, Corning, Inc., Wuxi App Tec, Inc., and Sartorius AG are a few of the major players in the worldwide cell line development services market.

The market is extremely competitive as a result of the large number of participants. Regional players are present in key development regions, especially Asia Pacific, but global players like Lonza, MabPlex Inc., Thermo Fisher Scientific, Inc., and Solentim Ltd. still hold a significant share of the market.

  • In May 2022 – ALSA Ventures, and Lonza, a global development and manufacturing partner to the pharma, biotech and nutrition industries, announced today a framework collaboration agreement to help ALSA’s portfolio of pre-clinical and early clinical biotechs develop and manufacture biologics and small molecule drug candidates.
  • In March 2021 – Pionyr Immunotherupatics collaborated with Lonza to support their oncology product development. Lonza will help Pionyr with cell line development and offer optimal yield and throughput.
  • In June 2022 – WuXi Advanced Therapies and Wugen Inc., announced a partnership to produce Wugen’s WU-NK-101, a novel immunotherapy that harnesses the power of memory natural killer (NK) cells to treat cancers. WuXi ATU will provide manufacturing and testing services for WU-NK-101 to enable the delivery of this innovative cell therapy to cancer patients.

Customization Available:
https://www.futuremarketinsights.com/customization-available/REP-GB-4339

Key Companies Profiled:

  • Lonza
  • MabPlex Inc.
  • Thermo Fisher Scientific, Inc.
  • Solentim Ltd
  • Sigma-Aldrich Corporation
  • Selexis
  • Corning, Inc
  • Wuxi App Tec Inc.
  • Sartorius AG

Key Segments Profiled in the Cell Line Development Services Industry Survey

By Product Type:

  • Media and Reagents
  • Equipment
  • Others Cell Line Development Service Products

By Type:

  • Primary Services
  • Continuous Services
  • Hybridomas Services
  • Recombinant Cell Line Development Services

By Application:

  • Bioproduction
  • Diagnostics
  • Vaccines
  • Recombinant Protein Therapeutics
  • Tissue Engineering & Regenerative Medicines
  • Drug Discovery
  • Toxicity Testing
  • Pharmaceutical and Biotechnology Research

By Region:

  • North America Market
  • Latin America Market
  • Europe Market
  • Asia Pacific Market
  • Middle East & Africa Market

In-Depth Market Analysis: Purchase Now to Access:
https://www.futuremarketinsights.com/checkout/4339

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these