Primary Cells Market Synopsis
Market Research Future (MRFR) predicts that the global primary cells market is anticipated to acquire a market value of USD 1,233.76 million while thriving at a CAGR of 8.13% by 2025.
The rapid expansion of pharmaceutical sector and the growth of biotechnology are expected to be significant factors that can drive the primary cells market. The surging prevalence of cancer and the on-going research on the diseases is predicted to enhance the requirement for tissue samples that can augment the industry in the forecast period. The animal primary cells and human primary cells aid in producing vaccines for diseases and aid in generating vivo models respectively that may propel the demand and actuate the market. In addition, the increasing preference for primary cells to develop new drugs can strengthen the market considerably during the assessment period.
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On the other hand, the expenses associated with advanced primary cells and risks of the contamination may hamper the market growth during the review period. However, the availability of customized options to end-users while choosing cultures is expected to counter hampering causes that can boost the market growth.
Primary Cells Market Segmentation
The segmental analysis of the global primary cells market is done by type, source, and end-user.
The type-based segments of the global primary cells market are animal primary cells and human primary cells.
The source-based segments of the global primary cells market are skin cells, hematopoietic cells, gastrointestinal cells, lung cells, liver cells, and skeletal and muscle cells.
The end-user based segments of the global primary cells market are research institutes and pharmaceutical and biotechnology companies.
Primary Cells Market Regional Analysis
Based on the region, the global market for the Americas, Asia-Pacific, Europe, and the Middle East & Africa.
As per the assessment, the global market for primary cells is expected to be dominated by the Americas. The region is likely to acquire the maximum market share during the review period. The growing awareness about cancer and the on-going research on the diseases is anticipated to major drivers of the regional market. Furthermore, the increased funding in research is projected to augment the trade in the coming period.
Europe is predicted to acquire the second-largest market share during the forecast period owing to the implementation of favorable government initiatives & laws. The presence of developed economies; such as Germany, the UK, and France, is expected to boost the growth of European market. Furthermore, the rise in cancer research and development is likely to develop the industry in the coming period.
APAC region is anticipated to be the fastest-growing region for the primary cells market during the projection period. The increasing expenditure on health and the rise in the geriatric population are expected to develop the regional market in the coming period. Moreover, the growing awareness about cancer is likely to fuel the demand for primary cells that can propel the regional market.
MEA is projected to procure the least market share due to underdeveloped healthcare infrastructure and limited access to treatment. However, the growing awareness in the region and the rising investment strong economies; such as, Saudi Arabia and the UAE, can make a significant contribution in developing the trade during the forecast period.
Primary Cells Market Key Players
Renowned players of the global primary cells market are Thermo Fisher Scientific Inc. (US), American Type Culture Collection (ATCC) ( Virginia), AllCells (US), Axol Bioscience Ltd (UK), Lonza Group, AG (Switzerland), Cell Biologics, Inc. (Chicago), Merck KGaA (Germany), STEMCELL Technologies Inc. (Canada), PromoCell (UK), ZenBio, Inc. (Research Triangle Park, NC), and among others.
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