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Primary Hepatocytes Market will surpass US$ 428.1 Mn revenues towards the end of 2032|Thermo Fisher Scientific, Corning Inc and more

May 16th, 2022 Persistence Market Research Releases

Primary Hepatocytes Market 2022

The Primary Hepatocytes Market is slated to grow at a gracious rate of 6.6%, reaching US$ 428.1 Mn by the year 2022-2032. With value-oriented approach being the need of the hour, the healthcare vertical is likely to go the technologically advanced way in the next 10 years. With Big Data, AI comprising these advancements, the healthcare vertical is bound to create greater strides going forward.

Companies
Thermo Fisher Scientific
Corning Inc.
Lonza
Axol Bioscience Ltd.
LifeNet Health
SEKISUI XenoTech, LLC
Cytes Biotechnologies
Cell Biologics, Inc.
ZenBio, Inc.
BioIVT.
ScienCell Research Laboratories, Inc.
Kerafast
Takara Bio Inc.
Kosheeka

Get Free Sample Copy of this Report @ https://www.persistencemarketresearch.com/samples/32880

Recent developments in stem cell therapy and the advantages of primary hepatocytes over cell lines have been contributing to the growth of the global primary hepatocytes market. The market was valued at US$ 213.8 Mn in 2021, and is projected to expand at a CAGR of 6.6% over the forecast period (2022-2032).

Rising prevalence of chronic diseases such as cancer, speedy growth in biopharmaceutical industries, and developing focus on R&D are some of the key factors propelling the growth of the primary hepatocytes market. Advancements in cancer research and increase in healthcare infrastructure are further driving market expansion.

Use of primary hepatocytes for drug delivery and toxicity tests is projected to increase significantly owing to rising prevalence of cancer worldwide. Increasing incidence of several cancers, such as liver, lung, and breast cancer, are anticipated to fuel revenue growth of the global primary hepatocytes market over the forecast period.

In recent years, demand for drugs therapy for cancer patients has increased owing to increasing awareness among physicians. Thus, research involving primary hepatocytes is increasing, and thereby has a positive impact on the market.

Request For Customization@https://www.persistencemarketresearch.com/request-customization/32880

Key Takeaways from Market Study

  • By product, cryopreserved suspension hepatocytes will hold 37.5% market value share by the end of 2032.
  • The human primary hepatocytes segment will dominate the global market with more than 60% share in 2022.
  • Cell viability assays are expected to hold nearly 1/4 revenue share in 2022.
  • Nearly 50% of the global market share will be captured by biopharmaceutical companies in 2022.
  • By region, North America is forecasted to be the leading regional market with a share of 30.4% by the end of 2032.

“Rising prevalence of chronic diseases, surge in primary hepatocyte adoption in drug development & drug testing, increasing demand for personalized medicines, and development of new cancer treatments will propel market growth,” says an analyst of Persistence Market Research.

Market Competition

Leading players such as Thermo Fisher Scientific and LifeNet Health, among others, are aiming at business expansion to strengthen their market presence as well as introduce new product lines in their already existing product portfolios.

  • In March 2020, Thermo Fisher established a partnership with CSL, a global biotechnology company, to facilitate its expansion in the growing biologics market.
  • In September 2020, Thermo Fisher invested around US$ 45 Mn and announced the opening of a cell therapy development & management center to accelerate its cell therapy platform and enable smooth transition of R&D to process development.
  • In 2019, LifeNet Health opened a new facility in San Diego, California, for R&D and tissue-engineering services.

What Does the Report Cover?

Persistence Market Research offers a unique perspective and actionable insights on the primary hepatocytes market in its latest study, presenting a historical demand assessment of 2017 – 2021 and projections for 2022 – 2032.

Access Full Report@ https://www.persistencemarketresearch.com/checkout/32880

The research study is based on the product (cryopreserved suspension hepatocytes, fresh suspension hepatocytes, 3D (spheroid) hepatocytes, expanded hepatocytes (plateable), and non-characterized hepatocytes), species (humans, rats, mice, dogs, monkeys, horse, and others), application or assay (cell viability assays, cytochrome enzyme activity, high content cytotoxicity, transporter inhibition assays, in vitro intrinsic clearance, phospholipids assays, and others), and end user (biopharmaceutical companies, academic and research institutes, and contract research organizations), across seven key regions of the world.

Related Reports:

Cardiac Arrhythmia Monitoring Devices Market – Global market for cardiac arrhythmia monitoring devices market is expected to grow at a stellar CAGR of 6.6% with a high valuation of above US$ 8500 Mn by 2025 end.

IV Infusion Pump Accessories Market – Global IV infusion pump accessories market reflected a value of around US$ 1.9 Bn and is expected to reach a valuation of more than US$ 2500 Mn by the 2025 end.

About us:

PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against rep/uted organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

Contact us:

Persistence Market Research          
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com

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