Global Cell Expansion Market
The global Cell Expansion market was valued at USD 8.27 billion in 2016 and is projected to reach USD 35.44 billion by 2025, growing at a CAGR of 17.55% from 2017 to 2025.
Cell isolation and expansion are widely used techniques in cell therapy and diagnostic purposes. With increasing demands for treatment against chronic diseases and high investments in biopharmaceutical sector, the market is expected to grow during the forecast period.
1. Market Drivers
1.1 Rapid Growth in number of chronic disease cases
1.2 Increasing fund availability
1.3 Increasing public and private sector interest in cell based research
1.4 Increasing Number of GMP-Certified Cell Therapy Production Facilities
2. Market Restraints
2.1 High Cost
2.2 Ethical restrains
1. By Application:
1.1 Regenerative Medicine and Stem Cell Research
1.2 Cancer and Cell-Based Research
2. By End User:
2.1 Research Institutes
2.2 Biopharmaceutical and Biotechnology Companies
2.3 Cell Banks
3. By Product:
3.1.1 Reagent, Media, Sera
3.2.1 Tissue Culture Flasks
3.2.2 Bioreactor Accessories
3.2.3 Other Disposables
3.3.1 Flow Cytometers
3.3.3 Cell Counters
3.3.4 Other Supporting Equipment
3.4.1 Micro carrier Bioreactors
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Thermo Fisher Scientific, Inc.
2. GE Healthcare (A Wholly Owned Subsidiary of General Electric Company)
3. Lonza Group Ltd.
4. Becton, Dickinson and Company
5. Corning, Inc.
6. Merck KGAA
7. Beckman Coulter, Inc. (Subsidiary of Danaher Corporation)
9. Stemcell Technologies
10. Terumo BCT, Inc. (A Subsidiary of Terumo Corporation)
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Cell Expansionmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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