The market is estimated to grow with a CAGR of 5. 3% from 2020 to 2027. Key factors driving the South and Central America cell line development serum market’s growth are increasing adoption of regenerative medicines, rising prevalence of cancer across the globe, and increasing investments in R&D by pharmaceutical and biotechnology companies.
New York, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "South and Central America Cell Line Development Serum Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type ; By Application ; and Country" - https://www.reportlinker.com/p06004236/?utm_source=GNW
However, risks associated with cell line contamination is expected to hamper the market during the forecast period.
The cell line can be defined as cell culture, selected for uniformity from a cell population derived from a usually homogeneous tissue source in a growing medium under controlled conditions.The serum serves as a carrier for enzymes, micronutrients, lipids, and trace elements into the cell and regulates cell membrane permeability.
Tissue Engineering has now evolved into the broader area of regenerative medicine, which focuses on developing clinical therapies for the maintenance, repair, replacement, and enhancement of biological function, using cell engineering.Regenerative therapies using cell lines and culture can help the researchers in early-intervention treatment for degenerative diseases and traumatic injuries.
Thus, a surge in the use of regenerative medicines propels the cell line development serum market.
However, the COVID-19 pandemic has negatively impacted all drug development phases and forced many pharmaceutical companies and clinical research organizations (CROs) to put their clinical studies on hold. Moreover, the continuing COVID-19 crisis is likely to restrain the cell line manufacturers to meet the future demand for cell and gene therapies.
Based on type, the South and Central America cell line development serum market is segmented into fetal bovine serum, porcine serum, adult bovine serum, horse serum, and other animal serum. The fetal bovine serum segment held a significant share of the market and is estimated to register the highest CAGR during the forecast period.
Based on application, the South and Central America cell line development serum market is segmented into tissue engineering and regenerative medicines, academic research, drug discovery, toxicity testing, and bioproduction. In 2019, the bioproduction segment held the largest share of the market; whereas, the drug discovery segment is anticipated to register the highest CAGR in the market during the forecast period.
Some of the primary and secondary sources associated with this report on the South and Central America cell line development serum market are International Association for Stem Cell Application (ISSCA); Brazilian Association of Cell Therapy (ABTCell); American Type Culture Collection (ATCC); and World Health Organization (WHO); among others.
Read the full report: https://www.reportlinker.com/p06004236/?utm_source=GNW
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
CONTACT: Clare: firstname.lastname@example.org US: (339)-368-6001 Intl: +1 339-368-6001