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Global Animal Primary Cells Market was Valued at US$ XX Mn in 2019 and it is Expected to Reach More than US$ XX Mn by 2028, Likely to Grow with the CAGR of 5.8% During the Forecast Period.
The Animal primary cells are the isolated from normal tissue or blood cells through enzymatic or mechanical technique. Primary cells are fundamental cellular methods used in the cell-based research. Key drivers for animal primary cells market are exponential growth of biotechnology and biopharmaceutical market with an increasing cancer research, growing adoption for primary cells coupled with rising demand of monoclonal antibodies, and healthcare spending are expected to propel the growth of this market during the forecast period. Drivers including increased cost of advanced primary cells with a greater risk of contamination could hamper the growth of this market. An increased need for primary cells for research and development for a new drug acts are chances for the growth of the primary cells market. Increased cancer research globally had contributed to the higher demand for animal primary cell market. Cancer is one of the vital causes of death worldwide and is accounted for a higher number of deaths. Various pharmaceutical organizations and research organizations are responsible for developing cancer treatment drugs using cell culture. As per the National Cancer Institute in 2018, approximately 1,735,350 cases were registered of cancer were diagnosed in the United States alone.
Rising Healthcare Industry in developing countries to Drive the Demand for Animal Primary Cells
The healthcare industry is anticipated to exponentially grow during the forecast period by an increase in the Research & development activities. The prominence of healthcare industry is increasing by supportive government policies that are inclined towards technological advancements to cater various customers.
Drug screening and toxicity testing Segment held prominent share in Global Animal Primary Cells Market in 2019
Animal Primary cell cultures are adopted for the study of cytotoxicity of advanced drugs in order to study the efficiency for safe dosage and drug carriers. It is adopted for the synthesis or generation of different biomolecules in high production capacities in a industrial scale. They is substantially used in the pharmaceutical industry. Different research projects on cell-based products of therapeutics, adopting animal primary cells are being created. Animal Primary cell culture is applied for an alternative of animal models for testing the impacts of latest drugs, cosmetics and chemicals. They are also applicable in the determination of higher permissible dosage of new drugs.
The North America Is expected to dominate the Animal Primary Cells Market during the Forecast Period
The North American region is anticipated to exhibit largest market share worldwide for animal primary cells market. The market is growing in this region is supported by the presence of a advanced healthcare establishments. Growth in the spread of cancer and government funding into research & development coupled with technological advancements. As per the National Cancer Institute, approximately 1,685,210 cases of cancer were newly diagnosed in the United States in 2016. A greater patient pool cancer is propelling the growth of its market. Growing healthcare spending’s through the government institutions in order to offer a better life to individuals propels the market growth. In 2017, the healthcare expenditure was estimated to USD 3.5 tn in the US, and its expenditure was increased to USD 3.65 Tn in 2018.
Global Animal Primary Cells market is consolidated with key players holding major share of global Animal Primary Cells market. The companies involved in this are competing by adopting strategic partnerships.
Key players operating in the global Animal Primary Cells market are American Type Culture Collection, Axol Bioscience Ltd, Cell Biologics, Inc., AllCells, Lonza Group, AG, Merck KGaA , PromoCell, STEMCELL Technologies Inc., ZenBio, Inc., Thermo Fisher Scientific Inc., among others.
Global Animal Primary Cells Market Key Segments:
Global Animal Primary Cells Market, By
- Pharmaceutical and Biotechnology Companies
- Research Institutes
Global Animal Primary Cells Market, By
- Drug Screening and Toxicity Testing
- Genetic Engineering
- Vaccine Production
Global Animal Primary Cells Market, By Region
- North America
- Asia Pacific
- Middle east and Africa
- Latin America