The primary cells market is expected to reach USD 1,107.3 million by 2023 from USD 736.4 million in 2018, at a CAGR of 8.5%. The rising research and funding for cancer research, benefits of primary human cells over cell lines, constant growth in the biotechnology and biopharmaceutical industries, and increasing pharmaceutical outsourcing are the major factors driving the growth of the primary cells market.
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On the basis of origin, the primary cells market is further segmented into hematopoietic, skin, gastrointestinal, liver, lung, renal, heart, skeletal & muscle, and other primary cells. The liver cells segment is expected to register the highest growth rate, owing to their rising demand in toxicological and pharmacological studies.
Based on type, the primary cells market is segmented into human and animal primary cells. The human primary cells segment is the rapidly-growing segment of the primary cells market owing high demand of human primary cells in various research applications such as drug designing, human cell model and cancer research.
On the basis of end user segment, the primary cells market is further segmented into life science research companies and research institutes. The life science research companies segment is expected to attain the fastest growth during the forecasted period. The fastest growth rate can be owing to the extensive use of primary cells in cell-based experiments and cancer research.
Geographically, the primary cells market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Asia Pacific is estimated to register highest growth rate during forecast period. This is mainly due to factors such emerging economies like China & Japan. In addition, increasing R&D investment in the region is the key factor for the highest growth of this region in primary cells market.
Given the immense opportunities in the major applications of primary cellular products, market leaders and emerging players are increasingly focusing on the market segments mentioned above to increase their revenues and are also looking to expand their reach to emerging economies.
