Increasing incidence of chronic and rare diseases, growing demand for personalized medicine, and rising availability of funds by private and public sectors for cell based research activities in developed countries are some factors expected to drive global Cell Expansion market growth.
Increasing incidence of chronic and rare diseases, growing demand for personalized medicine, and rising availability of funds by private and public sectors for cell based research activities in developed countries are some factors expected to drive global Cell Expansion market growth.
According to Emergen Research, the global cell expansion market size was USD 12.91 billion in 2020 and is expected to reach USD 39.74 billion in 2028 and register a robust revenue CAGR of 15.0% during the forecast period, 2020-2027.
Market Dynamics:
Cell expansion requires synthesis of new cell wall material and controlled wall loosening and allows it to stretch and increase in area. These cell expansion systems are widely used for clinical research, cell microbiology research, drug development, drug screening, and translational research. One of the key factors surging demand for cell expansion systems is the rising prevalence of chronic diseases such as diabetes, cancer, rheumatoid arthritis, and neurodegenerative diseases as cell expansion is extensively used in drug discovery and development. Factors such as rising investment in cell-based research, rapid advancements in cell therapy, and increasing GMP certifications for cell therapy production are expected to drive global market revenue growth.
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In addition, increasing focus on developing advanced products, instruments, and kits, rising number of research centers and institutions across the globe, and improving healthcare infrastructure are other factors expected to boost market growth during the forecast period. However, ethical concerns regarding cell extraction, dearth of skilled professionals, high operational costs, and high risks of contamination during the cell expansion process are some key factors that can hamper market growth to a certain extent over the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Instruments Segment To Register Rapid Revenue CAGR:
The instruments segment is expected to register rapid revenue CAGR over the forecast period owing to increasing prevalence of various chronic diseases, rising cell based activities, rapid adoption of advanced instruments such as flow cytometers, centrifuges, and cell counters for quick and accurate analysis, and growing demand for automated culturing equipment.
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Regenerative Medicine and Stem Cell Research Segment to Account for Significant Revenue Share:
The regenerative medicine and stem cell research segment is expected to account for significant revenue share over the forecast period. This can be attributed to large patient pool, growing demand for regenerative medicine, increasing number of cell-based research and rising funds by private and public organizations for stem cell research.
North America to Lead In Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market during the forecast period owing to increasing incidence of cancer across the region, rising geriatric population, presence of well-developed healthcare facilities and research centers, and increasing research-based activities. Other factors such as presence of leading companies, rapid advancements in cell expansion technology, increasing number of research centers, and rising availability of funds for research activities are expected to drive North America market growth during the forecast period.
Major Companies in the Market Include:
- Danaher Corporation
- Thermo Fisher Scientific, Inc.
- Corning Incorporated
- Lonza
- Merck KGAA
- Terumo Corporation
- Stemcell Technologies, Inc.
- Cellexus
- Becton, Dickinson and Company
- Himedia Laboratories
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For the purpose of this report, Emergen Research has segmented global cell expansion market based on product, cell type, application, end use, and region:
Product Outlook (Revenue, USD Billion; 2017–2027)
- Consumables
- Reagents
- Media
- Sera
- Disposables
- Instruments
- Cell Expansion Supporting Equipment
- Flow Cytometers
- Centrifuges
- Cell Counters
- Other Supporting Equipment
- Cell Expansion Supporting Equipment
- Bioreactors
- Microcarrier Bioreactors
- Microcarrier-based anchorage-dependent bioreactors
- Suspension-based anchorage-independent bioreactors
- Perfusion/Hollow Fiber Bioreactors
- Automated Cell Expansion Systems
- Microcarrier Bioreactors
Cell Type Outlook (Revenue, USD Billion; 2017–2027)
- Mammalian
- Human
- Stem Cells
- Adult Stem Cells
- Induced Pluripotent Stem Cells
- Embryonic Stem Cells
- Differentiated Cells
- Stem Cells
- Animal
- Human
- Microbial
Application Outlook (Revenue, USD Billion; 2017–2027)
- Regenerative Medicine and Stem Cell Research
- Cancer and Cell-based Research
- Others
End-Use Outlook (Revenue, USD Billion; 2017–2027)
- Research Institutes
- Biotechnology and Biopharmaceutical Companies
- Cell Banks
- Other End Users
- Hospitals and Diagnostic Laboratories
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Regional Outlook (Revenue, USD Billion; 2017–2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
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