A research study titled, “Cell Line Development Market by product Type – Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that the Cell Line Development Market Is Projected To Be Around $6.41 Billion By 2022.
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In 2012, the global cell line development market was evaluated approximately USD 1.92 billion and is anticipated to reach around USD 6.41 billion by 2022 while maintaining a compound annual growth rate (CAGR) of 11.44% during the forecast period. The cell is the fundamental life unit, cell lines are the culture originated from a single cell, and is germinated under natural conditions in the laboratory where the cell can proliferate and grow indefinitely. The growth of cell line needs various growth factor and nutrients. The stem cell is normally chosen for culture. The cell line is classified in three section on the basis of the sources, as generally taken from tumor tissue, altered in which standard cell undergo change owing to genetics. Stem cells and tumor cell which can produce diverse cell type and depend on morphology is divided into 3 types – fibroblast, lymphoblast and epithelial.
The global cell line development market is expected to show extensive growth with a significant during the projected period from 2012 to 2022. Cell line development market is expected to be an emerging market during the forecast years, as the research institutes and market players are developing more sophisticated applications and technology. The cell line technology is widely used in biotechnology and research industry. The factor that impacts the market growth for this section is the augmented monoclonal antibodies demand and elevated demand for vaccines for both animal and humans. High awareness and cost regarding the product as well as its application might hamper the growth of this market.
Major Market Players:
The key industry participants for the cell line development market are; Lonza Group AG, Selexis SA, Sartorius AG, Thermo Fisher Scientific Inc., GE Healthcare, American Type Culture Collection (ATCC).
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