Cell Expansion Market Analysis

07 April 2023 | Friday | Analysis

The cell expansion market will show rapid growth due to the increasing incidence of chronic diseases, government investments for cell-based research and increasing focus on R&D for cell-based therapies.
Source : Mordor Intelligence

Source : Mordor Intelligence

The rising prevalence of chronic diseases coupled with increasing research activities for cell-based research is found to be the major factor driving the cell expansion market. Cardiovascular disease (CVD) is the leading cause of mortality worldwide. According to the WHO, an estimated 17.9 million people died from CVDs in 2016, representing 31% of all global deaths.

There is an increase in the prevalence of cancer patients that results in a large patient pool, which creates an opportunity for the manufacturers to tap and capitalize on the market. Hence there is an increase in the cases of chronic diseases that are expected to drive the overall market. Furthermore, technological advances in cell expansion devices and growth in government investments regarding healthcare issues are the factors propelling the market.  

Cell Expansion Industry Segmentation

As per the scope of the report, cell expansion deals with the production of daughter cells that arise from a single cell. This process is used in therapeutic development, drug screening, and microlevel research of cells. Presently, cell expansion is widely used to improve transplantation and in the treatment of various diseases such as rheumatoid arthritis, diabetes, and others. Cell expansion also ensures to simplify the overall task and to reduce labor-intensive manual tasks that are associated with the process.

By Product
  Consumables
  Reagents, Media, & Serum
  Disposables
 
Instruments
Cell Expansion Supporting Equipment
Bioreactors
Automated Cell Expansion Systems
By Cell Type
  Human 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
  Others
Geography
 
North America
United States
Canada
Mexico
 
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
 
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
 
Middle-East and Africa
GCC
South Africa
Rest of Middle East and Africa
 
South America
Brazil
Argentina
Rest of South America

Report scope can be customized per your requirements. Click here.

Cell Expansion Market Trends

This section covers the major market trends shaping the Cell Expansion Market according to our research experts:

Consumables is Expected to be the Largest Growing Segment in the Cell Expansion Market

The consumables segment has been accounted for the largest share of the market and this is mainly due to the high demand during the production of regenerative medicine and rising research activities on stem cells in the biopharmaceutical companies. There is also a constant requirement for new reagents among end-users that helps in market growth. Furthermore, the rising awareness regarding advanced treatment therapies such as personalized medicine is also another driving factor for this segment.

Cell Expansion Market

North America is Found Leading the Cell Expansion Market

The increasing incidences of chronic and cell-based diseases and rising geriatric population are the key factors driving the overall market in this region. The rising investment made by the companies as well as the government for cell expansion research is also a  factor driving the market in this region.

The Asia Pacific is poised to grow owing to rapidly expanding biotechnology and biopharmaceutical industries, increasing government investments for cancer and stem cell research and rising focus of prominent players on the emerging markets.

Cell Expansion Market

Cell Expansion Industry Overview

There has been a presence of a considerable number of companies that are mainly focusing on agreements and expansions to strengthen its business operations. There are various established business players that are adopting numerous organic and inorganic growth strategies to increase their market share. New product launches, mergers and acquisitions, partnerships, and collaborations are the key strategies undertaken by these companies for sustainable growth.

Cell Expansion Market Leaders

  1. Thermo Fisher Scientific, Inc.

  2. Becton, Dickinson and Company

  3. Terumo BCT

  4. Merck KGaA

  5. GE Healthcare

*Disclaimer: Major Players sorted in no particular order

Cell Expansion Market
 

Survey Box

Poll of the Week

Which area of biopharmaceutical research excites you the most?

× Please select an option to participate in the poll.
Processing...
× You have successfully cast your vote.
 {{ optionDetail.option }}  {{ optionDetail.percentage }}%
 {{ optionDetail.percentage }}% Complete
More polls
Stay Connected

Sign up to our free newsletter and get the latest news sent direct to your inbox

© 2024 Biopharma Boardroom. All Rights Reserved.

Show

Forgot your password?

Show

Show

Lost your password? Please enter your email address. You will receive a link to create a new password.

Back to log-in

Close