Increasing prevalence of cancer in the region is the key factor that will drive Asia Pacific cell line development market growth. India has third highest number of cancer cases among women, after China. Growing adoption of vaccines and monoclonal antibodies in treatment of cancer and other chronic disease will fuel the demand for cell line cultures thereby augmenting cell line development business growth. According to the Graphical Research new growth forecast report titled “Asia Pacific Cell Line Development Market analysis based on Product, Source, Cell Line, Application, Regional Outlook – Industry Size, Share, Growth Trends & Forecast, 2018 – 2024, Estimated to Exceed USD 1.9 billion By 2024. Advancement in cell line development techniques is another positive impact rendering factor in cell line development market growth. Availability of advanced methods to enable faster and higher production of cell lines will contribute to industry growth. However, issues related to stem cell research and complex regulatory scenario might impede the cell line development market growth over the analysis period.
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Reagents and media product segment dominated the market with 53.8% revenue share in 2017 and is projected to show robust growth during the forthcoming period. Reagents and media are widely used in drug discovery, tissue engineering and other research applications. Rising demand for biological buffers, freezing reagents and dissociation reagents for research purpose will foster segmental growth over the analysis period.
Report Content
Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary
Chapter 2. Executive Summary
2.1. Asia-Pacific cell line development market industry 3600 synopsis, 2013 – 2024
Chapter 3. Asia-Pacific Cell Line Development Market Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Growing vaccine production
3.3.1.2. Increasing number of cancer incidences
3.3.1.3. Extended applications of biotechnology sector
3.3.1.4. Patent expiration of blockbuster biologics leading to innovations in the field
3.3.1.5. Escalating demand for monoclonal antibodies in Asia Pacific
3.3.1.6. Technological advancements in cell line development
3.3.2. Industry pitfalls & challenges
3.3.2.1. Growing concerns related to stem cell research
3.3.2.2. Complex regulatory landscape
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By source
3.4.3. By cell-line type
3.4.4. By application
3.5. Competitive landscape, 2017
3.5.1. Strategy dashboard
3.6. Porter’s analysis
3.7. PESTEL analysis
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Hybridomas was the second largest cell line type segment in 2017. The market is expected to show lucrative CAGR of 14.2% over the forecast period due to advantages associated with it such as ability to grow continuously, combination of two different types of cells, and production of pure antibodies on a large-scale.
Bioproduction application segment accounted for USD 347.0 million in 2017 and will witness significant growth during the forthcoming years. Advent of rDNA technology has drastically increased the demand for biological products for disease treatment. Wide adoption of advanced technologies in production of monoclonal antibodies, peptides, therapeutic hormones and other biological products will stimulate bioproduction segment growth.
Japan cell line development market dominated the Asia Pacific market with USD 207.3 million revenue in 2017 and will grow considerably over the analysis timeframe. The growth is attributable to increasing demand for vaccines and monoclonal antibodies for treatment of numerous chronic diseases. Technological developments in biotechnology industry will fuel the demand for cell cultures thereby driving business growth. Increasing healthcare expenditure coupled with growing demand for advanced treatments will further accelerate the regional growth.
Key industry players operating in Asia Pacific cell line development market are GE Healthcare, Thermo Fisher Scientific, Lonza Group, Sigma-Aldrich Corporation (Merck), WuXi AppTec, Sartorius, Corning, Selexis, EuBiologics, Patheon, Samsung Biologics, GVK BIO, Progenitor Cell Therapy (PCT), and Abzena. Industry players are focusing on strategic partnerships, mergers, acquisitions and new product launch to enhance existing product portfolio and capitalize on market opportunities.
Segments We Cover:
Asia Pacific Cell Line Development Market, By Product
- Reagents and media
- Equipment
- Accessories
Asia Pacific Cell Line Development Market, By Source
- Mammalian
- Non-mammalian
Asia Pacific Cell Line Development Market, By Cell Line Type
- Recombinant cell lines
- Hybridomas
- Continuous cell lines
- Primary cell lines
Asia Pacific Cell Line Development Market, By Application
- Bioproduction
- Drug discovery
- Toxicity testing
- Tissue engineering
- Research
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Related Reports:
North America cell line development market was valued at USD 1.1 billion in 2017 and is expected to witness growth of more than 12.5% CAGR from 2018 to 2024 : https://www.graphicalresearch.com/industry-insights/1067/north-america-cell-line-development-market
Europe cell line development market was valued at USD 0.9 billion in 2017 and is expected to witness growth of more than 12.5% CAGR from 2018 to 2024 : https://www.graphicalresearch.com/industry-insights/1066/europe-cell-line-development-market
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