There is a growing demand for animal-free products, including biopharmaceuticals. Insect cell lines are an animal-free alternative to traditional cell culture methods, making them an attractive option for the production of biopharmaceuticals.
According to Future Market Insights, the Insect Cell Lines market is estimated to reach US$ 1 billion by the end of 2023 and increase at a CAGR of 11.6% to reach US$ 3 billion by 2033.
The study offers a detailed analysis of dynamics including driver, restraints, opportunities, and challenges, and also highlights their consequent impact on the market. The report also uncovers critical trends accelerating the sales across various market segments.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Insect Cell Lines Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Insect Cell Lines market.
Key Insect Cell Lines Market Takeaways and Projections
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Report Benefits & Key Questions Answered
Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Insect Cell Lines market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Insect Cell Lines market.
Some of the prominent market players are profiled by FMI are:
Corning (Cellgro), Thermo Fisher, GE Healthcare Lonza, Hi-Media, Merck Millipore, &CellGenix, Atlanta Biologicals, PromoCell
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Insect Cell Lines Market: Segmentation
The global Insect Cell Lines market is classified on the basis of product type, application, and end user
Based on product type, Insect Cell Lines market is segmented into the following:
Based on application, Insect Cell Lines market is segmented into the following:
Based on end user, Insect Cell Lines market is segmented into the following:
Region
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
May 02, 2023