Global Cell Expansion Market is Predicted to Value Over USD 27.4 Billion by 2026 End

  • 02 Oct 2019

Global Cell Expansion Market is predicted to value over USD 27.4 billion by 2026 end and record a CAGR of over 15.1% during the forecast period 2019 to 2026. 

 

The increasing incidences of persistent diseases along with growing activities related to research and development are the primary factors steering the global cell expansion market growth. Moreover, growing investments from the government regarding healthcare advancements and issues and advancements in technology in cell expansion devices are boosting the market proliferation. Additionally, the cost-effective instruments that are required for cell-based research are projected to accelerate the market augmentation over the forecast period.

 

The increasing number of incidences of persistent diseases and an increase in government funding for research-based activities stimulate the augmentation of the global cell expansion market. Moreover, advancements in technology in cell expansion methods and growing investments in products that are cell-based steer the market proliferation Although, cell expansion methodologies need high operation costs which may impede the market growth. A rise in the number of persistent disease incidences, particularly cancer results, into large patient pools, which in turn, create lucrative opportunities which could help the manufacturers capitalize and tap the global cell expansion market potential.

 

The cell expansion market is segmented based on its product, cell type, application and end-use. The disposable instruments segment subjugates the market due to low risk of causing infections through medical devices. Concerning the applications, the regenerative medicines are predicted to hold the largest global cell expansion market share over the forecast period due to advancements in technology in the region owing to which new and innovative products are being announced in the global market. 

 

The North America region currently leads the global market, holding a major market share. Growing prevalence of cell-based and chronic diseases and the ever-increasing ageing population are the integral factors steering the market escalation in the region. The growing investments by private as well as the public sector for research over cell expansion is an instrumental factor boosting the market growth in the region. 

 

The Asia Pacific region is predicted to augment with a high CAGR value over the forecast period due to a rapidly inflating biopharmaceutical and biotechnology industry, growing investments from the government for stem cell and cancer research and the increasing emphasis of key players in the developing economies, for instance, China and India.

 

Key market players included in the global cell expansion industry are Thermo Fisher Scientific Inc., Terumo BCT, Merck KGaA, Beckman Coulter Inc., Miltenyi Biotec, Lonza Group Ltd., Stemcell Technologies Inc., GE Healthcare, Corning Inc.

 

Global Cell Expansion Market Segmentation:

By Product 

  • Consumables

- Media

- Reagents

- Sera

- Disposables

~ Tissue Culture Flasks

~ Bioreactor Accessories

~ Other Disposables

  • Instruments

- Cell Expansion Supporting Equipment 

~ Flow Cytometers

~ Centrifuges

~ Cell Counters & Haemocytometers

~ Other Supporting Equipment 

-Bioreactors

~ Microcarrier Bioreactor

> Microcarrier-Based Anchorage-Dependent Bioreactors

> Suspension-Based Anchorage-Independent Bioreactors

> Perfusion/Hollow Fiber Bioreactors

- Automated Cell Expansion Systems

 

By Cell Type

  • Human Cells

- Stem Cells

~ Adult Stem Cells

~ Induced Pluripotent Stem Cells (IPSCs)

~ Embryonic Stem Cells (ESCs)

- Differentiated Cells

  • Animal Cells

 

By Application

  • Regenerative Medicine and Stem Cell Research
  • Cancer and Cell-Based Research
  • Other Applications

By End User

  • Biotechnology & Biopharmaceutical Companies
  • Research Institutes
  • Cell Banks
  • Other End Users

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

 

FutureWise Key Takeaways:

  • Growth prospects
  • SWOT analysis 
  • Key trends 
  • Key data-points affecting market growth 

 

Objectives of the Study:

  • To provide with an exhaustive analysis on the global cell expansion market by product, by cell type, by application, by end user and by region
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market 
  • To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific and the rest of the world
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
  • Profiling of companies to evaluate their market shares, strategies, financials and core competencies

 

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