Primary Cells Market is Projected to Reach CAGR of 10.7% by 2025

The global primary cells market size is projected to reach USD 1,613 million by 2025 from USD 970 million in 2020, at a CAGR of 10.7% during the forecast period. Growth in the primary cells market is mainly driven by factors such as increasing cancer research, the advantages of primary human cells over cell lines, the increasing demand for monoclonal antibodies, rapid growth in the biotechnology & biopharmaceutical industries, and growing focus on personalized medicine. Biomedical research using primary cells in 3D cultures is also expected to provide a wide range of growth opportunities for players in the market. On the other hand, concerns regarding primary cell culture contamination are expected to limit market growth to a certain extent in the coming years.

To know about the assumptions considered for the study download the pdf brochure

Browse and in-depth TOC on "Primary Cells Market"

108 - Tables
34 - Figures
179 - Pages

Kay Market Players

The major players in this market are Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany), Lonza (Switzerland), Cell Biologics, Inc. (US), PromoCell GmbH (Germany), HemaCare Corporation (US), ZenBio, Inc. (US), STEMCELL Technologies, Inc. (Canada), Corning Incorporated (US), AllCells (US), American Type Culture Collection (US), Axol Bioscience Ltd. (UK), iXCells Biotechnologies (US), Neuromics (US), StemExpress (US), BioIVT (US), ScienCell Research Laboratories, Inc. (US), PPA Research Group, Inc. (US), Creative Bioarray (US), BPS Bioscience, Inc. (US), Epithelix Sàrl (Switzerland), ReachBio LLC (US), AcceGen (US), Sekisui XenoTech, LLC (US), and Biopredic International (France).

Thermo Fisher Scientific accounted for the largest share of the primary cells market in 2019. The company maintains its leading position in the primary cells market due to its well-established product portfolio. The company adopted partnerships and expansions as key strategies to strengthen its position as well as expand its product portfolio. Thermo Fisher Scientific will be investing more than USD 475 million in new capabilities at its St. Louis site (Missouri, US) to expand its biologics development & manufacturing, cell & gene therapy, and drug product development capacity. Such developments have helped the company enhance its visibility in the primary cells market.

Get Special Pricing on Bundle Reports: https://www.marketsandmarkets.com/RequestBundleReport.asp?id=32854960

In 2019, Merck KGaA accounted for the second-largest share of the primary cells market. The company has a strong foothold in this market with its extensive range of primary cell products. To maintain its leading position in the primary cells market, the company focuses on organic growth strategies such as expansions. In March 2019, the company opened a new M Lab Collaboration Center in Molsheim, France. This expansion will provide its pharmaceutical, and biotechnology customers access to its Life Science product portfolio and technical expertise. The company also focuses on enhancing its presence in the high-growth Asian region to increase its market share and revenue. In the last three years, the company has opened life science centers in China, India, South Korea, and Singapore.

Lonza (Switzerland) is engaged in providing chemical and biotechnology ingredients and custom manufacturing services to the pharmaceutical, healthcare, and life science industries. The company operates through two divisions, namely, Specialty Ingredients and Pharma, Biotech & Nutrition. Through its Pharma, Biotech & Nutrition segment, the company offers human and animal primary cells. The company adopted product launches as a key strategy to strengthen its position and expand its product portfolio. In 2018, Lonza expanded its primary cells portfolio and added hepatic stellate cells, Kupffer cells, and liver-derived endothelial cells to its hepatocytes range portfolio.

Get 10% Customization Research Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=32854960

North America is the largest regional market for Primary Cells Market

The Primary Cells Market is segmented into four major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2019, North America accounted for the largest share in the Primary Cells Market. The growth in the North American Primary Cells Market can be attributed to increasing funding for cancer research, growing life science research sector, expansion of the healthcare sector, and the high adoption of stem cell therapy & cell immunotherapies for the treatment of cancer and chronic diseases.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/primary-cells-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/primary-cells.asp

Article source: https://article-realm.com/article/Health-Fitness/Exercise/34807-Primary-Cells-Market-is-Projected-to-Reach-CAGR-of-10-7-by-2025.html