Product ID: UCMIG35H2266
Report ID:
UCMIG35H2266 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the global market for mammalian cell fermentation technology was valued at approximately $39.49 billion, and it is projected to exhibit a compound annual growth rate (CAGR) of 8.64% from 2023 to 2030. Mammalian cells are commonly utilized in the production of therapeutic proteins, including monoclonal antibodies, vaccines, and various biologics. These cells originate from sources such as Chinese Hamster Ovary (CHO) cells, Human Embryonic Kidney (HEK) cells, and others. The rising prevalence of chronic illnesses, in combination with the increasing demand for biologics, is driving the need for fermentation technologies.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Biotechnology by segment aggregation, the contribution of the Biotechnology in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG35H2266