Report : Cell Expansion Market to 2027 - Global Analysis and Forecasts By Product (Consumables and Instruments); Cell Type (Human Cell and Animal Cell); Application (Regenerative Medicine & Stem Cell Research, Cancer and Cell-based Research, Other Applications); End User (Research Institutes, Biopharmaceutical & Biotechnology Companies, Cell Banks, and Other End Users ), and Geography
Human Cell segment is expected to drive the growth of the global Cell Expansion market by cell type
According to a new market research study of ‘‘Cell Expansion Market to 2027 - Global Analysis and Forecasts by Product, Cell Type, Application, End User’ the global cell expansion market is projected to reach US$ 42,837.11 Mn in 2027 from US$ 11,929.43 Mn in 2018. The market is projected to grow with a CAGR of 15.6% from 2019-2027. The report provides trends predominating in the global Cell Expansion market and the factors driving the market and also the factors that act as hindrances.
Regenerative medicine has the potential to replace or heal tissues as well as organs damaged by age, disease, or trauma, as well as to normalize congenital defects. Over the last quarter of a century, there has been an emergence of a tissue engineering industry, one that has now evolved into the broader area of regenerative medicine. Regenerative medicine is defined as a rapidly growing interdisciplinary field that involves engineering sciences to develop clinical therapies intended for maintenance, repair, replacement and enhancement of biological function. Cell expansion is a crucial and invariable part of regenerative medicine. On the bases of study and investigation, desired regeneration techniques are used to develop the tissue which involves cell expansion procedures. It helps to understand how to treat injuries and diseases from broken bones to neurodegenerative diseases. Thus, the rise in the adoption of regenerative medicines is expected to foster the demand for cell expansion procedures thereby driving the market growth. Therefore, owing to the factors mentioned above, the market is likely to propel during the forecast period.
In 2018, the human cells segment accounted for the largest market share in the global cell expansion market by cell type. Factors such as rising investments by public and private organizations for research on human cells such as stem cells, growing application areas of human stem cells, and the growing awareness regarding stem cell therapies.
The Cell Expansion market majorly consists of players such as BD, Merck KGaA, Thermo Fisher Scientific, Inc., Terumo Corporation, General Electric Company, Corning Incorporated, Miltenyi Biotec, Danaher, Lonza and STEMCELL TECHNOLOGIES, INC. among others. Several companies are concentrating on organic strategies, such as product launch and product approvals. For instance, in October 2019, Merck acquired FloDesign Sonics, a US-based company. FloDesign Sonics is a developer of a unique acoustic cell processing platform that is applicable for the industrial application of cell and gene therapy manufacturing. Thermo Fisher Scientific, under its brand Gibco, introduced Gibco BenchStable Media.
The report segments the global Cell Expansion market as follows:
The report segments global cell expansion market as follows:
Global Cell Expansion Market - By Product
Global Cell Expansion Market - By Cell Type
Global Cell Expansion Market - By Application
Global Cell Expansion Market - By End User
Global Cell Expansion Market - By Geography
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