The growing shift towards personalized medicine and the global increase in chronic disease cases fuel the growth of the cellular starting materials market.

NEW YORK CITY, NEW YORK, UNITED STATES, September 2, 2024 /EINPresswire.com/ -- Market Overview:

The global cellular starting materials market size is projected to grow at a CAGR of 22.8% from 2024 to 2032, according to a new report published by Polaris Market Research. The research reveals that the market was valued at USD 1.74 billion in 2024 and is expected to reach USD 9.00 billion by 2032.

Cellular Starting Materials Market Overview:

Cellular starting materials are raw materials that are used in the development of cell therapies. Human, animal, or microbial origins are the key sources of cellular starting materials such as stem cells, primary cells, and cell lines. They play a crucial role in generating therapeutic products for both autologous and allogeneic cell therapies.

Factors Driving Cellular Starting Materials Market Growth:

• Rising Cases of Chronic Diseases: The cellular starting materials are experiencing remarkable growth due to the increasing number of cases of chronic illnesses such as cancer, diabetes, and autoimmune disorders. The global increase in chronic disease cases has led need for innovative cell and gene-based therapies, which is propelling the demand for high-quality cellular starting materials.

• Increasing Prominence of Biopharmaceutical Products: Biopharmaceuticals, including monoclonal antibodies and vaccines, are mainly used to treat various diseases, such as cancer, autoimmune disorders, and infectious diseases. The treatment often requires the development of cell therapies using cellular starting materials.

• Rising Demand for Personalized Medicine: The growing shift towards personalized medicine often involves the use of CSMs (Critical Startin Materials) for creating therapies tailored to each patient's specific needs, further driving market expansion. Personalized medicines are designed to target the unique genetic, molecular, and physiological characteristics of individual patients, minimizing adverse effects through precise therapies.

• Increasing R&D Investments: Biopharmaceutical companies and research institutions are increasingly investing in advanced technologies and infrastructure to expand the scope of CSMs. Additionally, regulatory organizations are facilitating the commercialization of personalized therapies, which are contributing to cellular starting materials market CAGR.

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Segmentation Analysis:

The report divides the global cellular starting materials market on the basis of product, grade, end-use, and region.

• By product, the market is segregated into leukopaks and cells & tissues. The Leukopaks segment held the largest cellular starting materials market share in 2023 due to increasing applications of aviation analytics services across the aviation industry.

• By grade, the market is segmented into GMP and research use. The GMP segment dominated the market in 2023, driven by stringent regulatory requirements and the increasing focus on product quality and safety.

• By end-use, the market is divided into pharmaceutical and biotechnology companies, CMOs & CROs, and academic and research institutes.

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Competitive Landscape:

Leading players in the market are proactively taking initiatives to shape the future of the cellular starting materials market. By investing in research, forming strategic partnerships, and launching innovative products, these companies are positioning themselves at the forefront of the industry.

The cellular starting materials market key players profiled in the report include:
• AcceGen
• AllCells
• Anthony Nolan
• BioIVT
• CGT GLOBAL
• Charles River Laboratories
• Excellos
• HumanCells Bio
• NMDP BioTherapies.
• STEMCELL Technologies

Geographic Dominance:

Based on region, North America dominated the cellular starting materials market because of the developments in biotechnology and the growing adoption of these raw materials in regenerative medicine and drug discovery. Additionally, a well-developed infrastructure and increasing investments in research and development support the market growth in the region.

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Segmental Overview:

Cellular Starting Materials Market – Product Outlook:
• Leukopaks
• Cells & Tissues
Cellular Starting Materials Market – Grade Outlook:
• GMP
• Research-use
Cellular Starting Materials Market – End Use Outlook:
• Pharmaceutical & Biotechnology Companies
• CMOs & CROs
• Academic & Research Institutes
Cellular Starting Materials Market – Regional Outlook:
• North America
• US
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Netherlands
• Russia
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Malaysia
• South Korea
• Indonesia
• Australia
• Vietnam
• Rest of Asia-Pacific
• Middle East & Africa
• Saudi Arabia
• UAE
• Israel
• South Africa
• Rest of Middle East & Africa
• Latin America
• Mexico
• Brazil
• Argentina
• Rest of Latin America

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About Polaris Market Research:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR’s clientele spread across different enterprises. We at Polaris are obliged to serve PMR’s diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR’s customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR’s customers.

Likhil G
Polaris Market Research and Consulting
+ +1-929 297-9727
sales@polarismarketresearch.com
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