Report ID: SQMIG35H2261
Report ID:
SQMIG35H2261 |
Region:
Global |
Published Date: November, 2024
Pages:
203
|
Tables:
120 |
Figures:
71
Cell Line Development Market size was valued at USD 5.16 Billion in 2023 and is poised to grow from USD 5.67 Billion in 2024 to USD 12.02 Billion by 2032, growing at a CAGR of 9.84% during the forecast period (2025-2032).
Growing investments in the development of novel cell technologies and products coupled with advancements in cell technologies are projected to primarily drive cell line development market growth. Rising demand for personalized medicine and high investments in cell research around the world also create new opportunities for cell line development providers. Rapidly expanding demand for biosimilars and biologics to treat various diseases will also create new opportunities for cell line development companies. Rising emphasis on the development of new pharmaceuticals, therapeutics and vaccines to improve overall healthcare is also estimated to boost the demand for cell line development over the coming years. Rising use of gene editing technologies is projected to present highly lucrative opportunities for cell line development companies in the long run. However, high costs of development, ethical concerns, and roadblocks in scalability are projected to impede cell line development demand outlook across the study period and beyond.
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Report ID: SQMIG35H2261