Cell Line Authentication and Characterization Tests Market Growing at 8.0% CAGR by 2027
The global Cell Line Authentication and Characterization Tests market gathered revenue around USD 315 Million in 2020 and market is set to grow USD 700 Million by the end of 2027 and is estimated to expand at a modest CAGR of 8.0% during the prediction period 2021 to 2027.
Growth Factors:
Cell line authentication and characterization test is a combination of processes designed to verify the identity of strains and to check that it is free from microbial and other cell line contaminants. It is a type of biological safety testing. Cell line authentication is an important step to ensure the reproducibility and integrity of biomedical research. The contaminants in cell cultures are bacteria, viruses, fungi, and contamination from other cell lines of different or same species. Contaminants alter the physiology and properties of cells, compromising the results of experiments. Increase in geriatric population and surge in incidence of chronic diseases are projected to drive the global cell line authentication and characterization tests market. Additionally, rise in need of accurate qualitative and quantitative analysis of cell line is anticipated to propel the market during the forecast period from 2021 to 2027.
North America held major share of the global cell line authentication and characterization tests market in 2020 due to increase in government regulations, technological advancements, rise in awareness among people, and surge in the geriatric population. The cell line authentication and characterization tests market in Asia Pacific is likely to expand at a high CAGR of 9.7% from 2021 to 2027. Growing biopharmaceutical industry, new product launches, increase in healthcare expenditure, and rise in research activities in Asia Pacific, especially in China, Singapore, Indonesia, and other countries in Southeast Asia are expected to fuel the growth of the market in Asia Pacific from 2021 to 2027.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Cell Line Authentication and Characterization Tests market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Cell Line Authentication and Characterization Tests market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
| Report Scope | Details |
| Market Size | USD 700 Million by 2027 |
| Growth Rate | CAGR of 8.0% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Historic Data | 2017 to 2020 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Test Type, Application, End-user and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Bio-Synthesis, Inc., Cell Line Genetics, Inc., Charles River Laboratories, DNA Forensics Lab India, Eurofins Genomics (Eurofins Scientific), GenomeScan, IDEXX Laboratories, Inc., Laboratory Corporation of America Holdings, Microsynth AG, NorthGene Limited (Biofortuna Limited), Perfectus Biomed Limited, Promega Corporation, SGS SA, Sigma-Aldrich Co. LLC. (Merck KGaA), and Thermo Fisher Scientific, Inc. |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Cell Line Authentication and Characterization Tests market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Cell Line Authentication and Characterization Tests Market: Key Segments analysis:
In terms of test type, the short tandem repeat (STR) analysis segment dominated the global cell line authentication and characterization tests market in 2020, and the trend is projected to continue during the forecast period
Based on application, the microbial contamination segment held major share of the global cell line authentication and characterization tests market in 2020
In terms of end-user, the pharmaceutical & biotechnology companies segment dominated the global cell line authentication and characterization tests market during the forecast period
Market size and forecast for each of these segments have been provided from 2017 to 2027. The CAGR of respective segment has also been provided from 2021 to 2027, considering 2020 as the base year, and 2017, 2018, and 2019 as historical years.
Regional analysis:
In terms of region, the global cell line authentication and characterization tests market has been segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is anticipated to account for leading share of the global cell line authentication and characterization tests market during the forecast period. The cell line authentication and characterization tests market in Asia Pacific is projected to grow at a rapid pace in the near future. India and China are likely to be lucrative markets for cell line authentication and characterization tests treatment during the forecast period.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Cell Line Authentication and Characterization Tests Market include: Bio-Synthesis, Inc., Cell Line Genetics, Inc., Charles River Laboratories, DNA Forensics Lab India, Eurofins Genomics (Eurofins Scientific), GenomeScan, IDEXX Laboratories, Inc., Laboratory Corporation of America Holdings, Microsynth AG, NorthGene Limited (Biofortuna Limited), Perfectus Biomed Limited, Promega Corporation, SGS SA, Sigma-Aldrich Co. LLC. (Merck KGaA), and Thermo Fisher Scientific, Inc.
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2027 and covers subsequent region in its scope:
Market: Segmentation
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Cell Line Authentication and Characterization Tests market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Cell Line Authentication and Characterization Tests market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Cell Line Authentication and Characterization Tests markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Cell Line Authentication and Characterization Tests Market Study:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers