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Stock impact report

Cell Line Development Market Forecast 2022-2032 [Daily Finance]

Allogene Therapeutics, Inc. (ALLO) 
Last allogene therapeutics, inc. earnings: 2/27 04:30 am Check Earnings Report
Company Research Source: Daily Finance
The cell line development companies are further expected to grow by a CAGR of 5% per year from 2022-2032 making the total valuation of the market reach 7.66 billion Us dollars. In 2021 the market growth was estimated to be 4.4 billion dollars. Prominent Drivers of the Market Let's dive into the factors that are responsible for the growth of the cell line development market. Regenerative Medicine The demand for regenerative medicine like stem cell transplants has surged in the past few years which has caused the shift in focus towards advanced research in oncology and increased the demand for biological pharmaceuticals. The escalation in biopharma is due to the enhanced products of top players, manufacturers targeting the high-growth emerging markets like Asia, and increased investment in the research and development niche of the field. Novel Technologies Animal cells have been used for the production of monoclonal antibodies and recombinant proteins for years due to thei Show less Read more
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