June 03, 2019
WELLESLEY, Mass., June 03, 2019–Increased healthcare spending and the dominance of North America are two factors which will drive growth of the global cell harvesting market, according to a report by BCC Research, “Cell Harvesting Market.”
The market expects to see a compound annual growth rate (CAGR) of 11.3% through 2023, when it could be worth $1.5 billion.
“Platelet-rich plasma therapy, a new biotechnology solution that has a heightened interest among researchers in tissue engineering and cell-based therapies, has various applications in the treatment of tissue healing in tendinopathy, osteoarthritis and muscle injury,” notes report author Anuj Pathak. “It has been conventionally employed in orthopedics, maxillofacial surgery, periodontal therapy and sports medicines. PRP therapy can be used in the treatment of fat grafting, acne scars, and hair regrowth.”
Market Opportunities to Be Found in Emerging Economies
Future market growth will be concentrated in emerging economies, the report adds. Regions such as China and India will see overall economic expansion and a focus on advanced healthcare, and both countries have massive populations to serve. India is a prime potential location for clinical trials and low-cost manufacturing, and this is one factor which is expected to motivate market players. Many emerging nations lack stringent government regulations and have cheap labor, which make them attractive for manufacturing.
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Cell Harvesting Market( BIO182A )
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