San Francisco, California, October 10, 2018 – TMR Research predicts that the global cell line development market is expected to grow at a rapid pace due to rise incidences of chronic diseases. The research report, titled “Cell Line Development Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2028”, is an exhaustive account of the dynamic market forces dictating the trajectory of the market. The demand for cell line development will rely on the development of treatments for various types of cancers and other chronic disease.
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The demand for cell line development processes is expected to spike in the coming years as the rate of cancer diagnosis continues to be on the rise. This trend is especially in the regions of Asia Pacific, which boasts a huge population base and North America, which has as fairly developed healthcare sector. Growing geriatric population and the subsequent rise in chronic disease is expected to boost the market considerably in the near future.
Increasing adoption of regenerative medicine and increasing healthcare expenditure are also projected to have a positive impact on the global market for cell line development market. Exponential investment in biotechnology, gene therapy, and drug discovery are also expected to play a pivotal role in defining the success of this market.
Analysts point out that the North America cell line development market is expected to in the lead due to a well-established healthcare industry. Strong presence of market players in the region is expected to bode well for the North America cell line development market. Supportive government policies are also projected to aid market growth in the coming years.
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The leading players operating in the global cell line development market are GE Healthcare, Sartorius Stedim Biotech, Thermo Fisher Scientific, Vista Biologics, Lonza Group, Wuxi AppTec, Sigma-Aldrich Corporation, Corning, and Selexis.