Primary cells market is valued approximately at USD 0.97 billion in 2020 and is anticipated to grow with a healthy growth rate of about 12.45% over the forecast period 2021-2027.
Primary cells are increasingly gaining popularity to carry out research and development activities as these cells stimulate biological living model closely and are the closest experimental tools which are available without the use of in vivo animal studies. Experiments which are performed using primary cells have potential to deliver more meaningful and relevant data as such cells are closest to “real thing” in terms of both, genotype and phenotype. Rise in prevalence of chronic diseases, rising research and development activities, and increasing investments in cell-based research are some of the factors that are expected to significantly contribute towards the growth of global primary cells market during the forecast period. Primary cells are used in drug screening as well as for the development of different biological compounds such as vaccines, therapeutic proteins, etc.
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Thus, helps in the prevention of chronic diseases. According to International Diabetes Federation’s report in 2019 diabetes patients across the globe were 463 million whose age was in the range from 20 to 79 years, which is expected to increase 700 million in 2045. This is expected to promote the market growth by increasing the demand and adoption of primary cells. In addition, increasing usage of primary cells in 3D cell culture and increasing investments in drug development and discovery provides lucrative growth opportunities to the market. However, risk of primary cell culture contamination is expected to hamper the growth of global primary cells market during the forecast years.
The regional analysis of the global primary cells market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America accounts for the largest share in terms of market revenue in the global primary cells market over the forecast period 2021-2027. Factors such as increasing number of market players launching new primary cells (human) for research, growing focus on research and development, expansion of the biotechnology and pharmaceutical industries, increasing prevalence of cancer, etc. contributes towards the largest market revenue share of North America. However, Asia Pacific is expected to register the fastest growth rate during the forecast period owing to factors such as increasing prevalence of chronic diseases, government funding for drug development programs, etc.
Major market player included in this report are:
Thermo Fisher Scientific, Inc.
American Type Culture Collection (ATCC)
Cell Biologics, Inc.
Stem Cell Technologies, Inc
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Human primary cells
Animal primary cells
Other Primary Cells
By End User:
Life Science Research Companies
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.
Target Audience of the Global Primary cells Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
The file offers market sizing and forecast throughout 5 primary currencies – USD, EUR GBP, JPY, and AUD. It helps corporation leaders make higher choices when foreign money change records are available with ease. In this report, the years 2020 and 2021 are regarded as historic years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2030 are viewed as the forecast period.
In order to produce a holistic assessment of the market, a variety of factors is considered, including demographics, business cycles, and microeconomic factors specific to the market under study. Healthcare Market report 2021 also contains a comprehensive business analysis of the state of the business, which analyzes innovative ways for business growth and describes critical factors such as prime manufacturers, production value, key regions, and growth rate.
The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.
This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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What are the aspects of this report that relate to regional analysis?
- The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
- The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
- Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
- How are the key players in the market assessed?
- This report provides a comprehensive analysis of leading competitors in the market.
- The report includes information about the key vendors in the market.
- The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
- The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
- A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
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