GITNUX MARKETDATA REPORT 2024

Immortalized Cell Line Industry Statistics

The immortalized cell line industry is expected to continue growing steadily with an increasing demand for cell-based assays and biologics production.

With sources from: ncbi.nlm.nih.gov, reportsanddata.com, databridgemarketresearch.com, globenewswire.com and many more

Statistic 1

The global immortalized cell line market was valued at USD 3.12 billion in 2019.

Statistic 2

It is projected that the market will reach USD 4.46 billion by 2027.

Statistic 3

The market is expected to grow at a CAGR of 4.51% from 2020 to 2027.

Statistic 4

The industry saw significant growth in Asia-Pacific, particularly China, in 2018.

Statistic 5

North America holds the highest market share at approximately 40.5% as of 2019.

Statistic 6

Biotechnology companies dominate the market, holding the largest market share.

Statistic 7

Oncology accounts for the largest application of immortalized cell lines.

Statistic 8

The limitations in using immortalized cell lines may impede market growth by a CAGR of 2.20% during the forecast period 2020-2027.

Statistic 9

The Hybridoma segment dominated the type segment of the immortalized cell line market with the largest share in 2019.

Statistic 10

Immortalized cell lines sourced from humans represent a significant portion of the market.

Statistic 11

The largest end-user segment of the immortalized cell line market in 2020 was research institutes.

Statistic 12

Contract research organizations (CROs) will represent the fastest-growing end-user segment.

Statistic 13

Advancements in genetic engineering will drive the market over the forecast period.

Statistic 14

Increased access to healthcare is expected to drive market growth in the Middle East and Africa region.

Statistic 15

The trend of drug discovery and development outsourcing is expected to boost the market.

Statistic 16

The urgent need for a COVID-19 vaccination led to a surge in demand for immortalized cell lines in 2020.

Statistic 17

Less than one-third of immortalized cell lines result in the successful production of therapeutic proteins.

Statistic 18

Rising drug discovery cost is forcing companies to opt for immortalized cell lines to speed up the development process.

Statistic 19

Increasing personalized medicine is one of the major factors driving the immortalized cell line market.

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In this post, we explore the dynamic landscape of the global immortalized cell line industry. With statistics revealing remarkable growth projections, market trends, key players, and influential factors driving the market, this analysis provides valuable insights into the future trajectory of this thriving sector.

Statistic 1

"The global immortalized cell line market was valued at USD 3.12 billion in 2019."

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Statistic 2

"It is projected that the market will reach USD 4.46 billion by 2027."

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Statistic 3

"The market is expected to grow at a CAGR of 4.51% from 2020 to 2027."

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Statistic 4

"The industry saw significant growth in Asia-Pacific, particularly China, in 2018."

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Statistic 5

"North America holds the highest market share at approximately 40.5% as of 2019."

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Statistic 6

"Biotechnology companies dominate the market, holding the largest market share."

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Statistic 7

"Oncology accounts for the largest application of immortalized cell lines."

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Statistic 8

"The limitations in using immortalized cell lines may impede market growth by a CAGR of 2.20% during the forecast period 2020-2027."

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Statistic 9

"The Hybridoma segment dominated the type segment of the immortalized cell line market with the largest share in 2019."

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Statistic 10

"Immortalized cell lines sourced from humans represent a significant portion of the market."

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Statistic 11

"The largest end-user segment of the immortalized cell line market in 2020 was research institutes."

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Statistic 12

"Contract research organizations (CROs) will represent the fastest-growing end-user segment."

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Statistic 13

"Advancements in genetic engineering will drive the market over the forecast period."

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Statistic 14

"Increased access to healthcare is expected to drive market growth in the Middle East and Africa region."

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Statistic 15

"The trend of drug discovery and development outsourcing is expected to boost the market."

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Statistic 16

"The urgent need for a COVID-19 vaccination led to a surge in demand for immortalized cell lines in 2020."

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Statistic 17

"Less than one-third of immortalized cell lines result in the successful production of therapeutic proteins."

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Statistic 18

"Rising drug discovery cost is forcing companies to opt for immortalized cell lines to speed up the development process."

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Statistic 19

"Increasing personalized medicine is one of the major factors driving the immortalized cell line market."

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Interpretation

In conclusion, the statistics paint a promising picture for the global immortalized cell line industry, with steady growth projected in the coming years. Factors such as advancements in genetic engineering, increased healthcare access in certain regions, and the trend of outsourcing drug discovery and development are expected to drive market expansion. While challenges like limitations in using immortalized cell lines and lower success rates in therapeutic protein production exist, the overall momentum of the market remains positive. The industry is poised to benefit from the urgent demand for COVID-19 vaccinations, rising drug discovery costs, and the increasing focus on personalized medicine, showcasing opportunities for further development and innovation within the sector.

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