According to Future Market Insights, the insect cell lines market is projected to reach a market value of US$ 1 billion by the end of 2023 and is expected to grow at a CAGR of 11.6% to reach US$ 3 billion in 2033.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 1 billion |
| Projected Market Value in 2033 | US$ 3 billion |
| Growth Rate (2023 to 2033) | 11.6% CAGR |
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The insect cell line market is growing rapidly due to several factors. Here are some of the noteworthy drivers that are contributing to the growth of this market:
The insect cell lines market is an evolving industry, offering new and exciting opportunities for companies in the biotechnology and biopharmaceutical sectors. Here are some of the latest opportunities in the market:
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The insect cell lines market is currently exhibiting several cutting-edge trends, with advancements and shifts in the industry continually shaping its trajectory as mentioned below:
Tissue culture is the in-vitro procedure for culturing tissues aseptically using growth medium. Insect cell culture is a special media used for production of vaccines, virus like particles and recombinant proteins. Thomas D.C Grace, in 1962 established the first insect cell culture medium namely Emperor Gum Moth Antherea Eucalipty. There are about more than 500 from 75 different species.
Lepidopteram, Diptern, Orthopteran are some species of insects used for insect cell lines. Insect cell line usually take 18-72 hours doubling time. Insect cell lines has various advantages in vaccine production as it is capable of post translational modifications, high protein expression yield during vaccine production against virus,
Rise in prevalence of chronic disease like cancer is a prime factor driving the growth of insect cell lines market. Also, rising awareness regarding advanced therapies using genetic engineering may upsurge the demand for insect cell lines market. The American Cancer Society estimates that in 2020, about 21,750 new cases of ovarian cancer will be diagnosed and 13,940 women will die of ovarian cancer in the United States.
This has led the high focus of pharmaceutical industry to provide utter quality of vaccines for viral related cancers cancer may also responsible for the rapid progress of insect cell lines market. Additionally, the availability of favorable reimbursement scenario in developed economies will also propel the growth of insect cell lines market.
On the other hand, prohibitive cost of insect cell lines and lack of funding may deter the growth of insect cell lines market in under developing economies.
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Among product type, High Five insect cell lines captures the highest revenue share as the cell line produce higher levels of recombinant proteins used in medicine. Also, High Five insect lines survive in serum free media that helps to make it contamination free.
These cell lies can be produced using E. coli due to its high reproducibility property. Among all application of biopharmaceutical industries will hold the highest share as the increased funding for research and development for vaccine production. Among all end user, pharmaceutical industry will hold the largest share segment in insect cell lines market and is anticipated to grow at a significant rate over the forecast period.
North America will show the high revenue for the insect cell lines market, as the prevalence of chronic disease is more in the region and increased funding for vaccine development to pharmaceutical industry. After North America, the Europe region will show the robust growth for the insect cell lines market in the near future, due to availability of better R&D infrastructure European countries.
Latin America region will show the significant demand for the insect cell lines, due to the regional government initiative towards the health in countries like Brazil and Mexico. In Asian countries like China and India, may show the additional demand for the insect cell lines as the people are being aware about treatment using advanced therapies using genetic engineering.
The Middle East and Africa are expected to be least lucrative region for insect cell lines market due to lack of awareness about the women health.
Examples of some of the market participants in Insect cell lines market identified across the value chain include Corning (Cellgro), Thermo Fisher, GE Healthcare Lonza, Hi-Media, Merck Millipore, &CellGenix, Atlanta Biologicals, PromoCell and others.
Product launches is the main strategy followed by the manufacturers for insect cell lines market. On March 2020, Lonza has launched a new insect cell line medium to increase the production of Adeno Associated Virus (AAV) in Spodoptera Fuigiperda (Sf9) insect cells lines.
The research report on insect cell lines market presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
The research report on Insect cell lines market provides analysis and information according to market segments such as geographies, application, and industry.
The report on insect cell lines market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global insect cell lines market is classified on the basis of product type, application, and end user
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Insect cell lines Market
