Cell Line Development Market Size to Surpass USD 4.5 Billion by 2035 | Roots Analysis [Yahoo! Finance]
Lineage Cell Therapeutics, Inc. (LCTX)
Company Research
Source: Yahoo! Finance
lines for the evaluation of the efficacy of these biopharmaceutical products, which is anticipated to drive the market. LONDON Jan. 17, 2024 /PRNewswire/ -- Global Cell Line Development Market Overview The global cell line development market is growing rapidly; it is estimated to be worth USD 1.01 billion in 2023 and is expected to reach USD 4.5 billion by 2035. It is anticipated to grow at a higher CAGR of 13.2% during the forecast period from 2023 to 2035. Cell line development is the most crucial process in the biopharmaceutical industry; it involves in-vitro culturing of stable cell lines that are helpful for the production of biologics and therapeutic proteins. Owing to the increasing prevalence of chronic diseases across the globe, biopharmaceutical companies witnessed a surge in the requirement for cell lines. However, cell line development is a tedious and labor-intensive process that involves the isolation of cells, transfection of selected cells, confirmatory analyti
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LCTX
Earnings
- 3/7/24 - Beat
LCTX
Analyst Actions
- 2/5/24 - Cantor Fitzgerald