Uploaded on Jul 21, 2021
Cell expansion market and the factors driving the market along with those that act as hindrances. The key factors that are driving the growth of the market are the increasing adoption of regenerative medicines, rising prevalence of cancer.
Cell Expansion market is projected to reach US$ 42,837.11 Mn in 2027
Cell Expansion Market
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
Current and Future Market Scenario
The factors contributing to the growth of cell expansion market in the countries of Asia Pacific are the rising
development of cell expansion and a growing number of research and development activities in the field of life
science. Furthermore, the presence of supportive government initiatives and research in the field of regenerative
medicines also boosts the market growth.
According to The Insight Partners market research titled '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 cell expansion market is
expected to grow with a CAGR of 15.6% from 2019-2027. The report presents trends predominating in the
global cell expansion market and the factors driving the market and also the factors that act as hindrances.
The global cell expansion market, based on the product, was segmented into consumables and instruments. In 2018,
the consumables segment held the largest share of the market. Moreover, the consumables segment is expected to
grow at the fastest rate during the coming year. These consumables are essential components of any laboratory
experiment hence they are expected to witness significant growth during the forecast period.
Key Findings
The other significant factor driving the growth of the market is the increasing adoption of consumables in research and
development activity in cell expansion in the future.
The significant factors fuelling the market growth are increasing adoption of regenerative medicines and rising
prevalence of cancer. However, the risk contamination during cell expansion is expected to hamper the market during
the forecast period.
Market Insights
Increasing Adoption of Regenerative Medicines
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.
Market Segments
By Product (Consumables and
Instruments)
Cell Type Application (Regenerative
(Human Cell and Animal Cell) Medicine & Stem Cell Research,
Cancer and Cell-based Research,
Other Applications)
Products Insights
Type Insights
The cell expansion market based on product is segmented into consumables and instruments. In 2018, the
consumables segment held the largest share of the market. Moreover, the consumables segment is expected to
grow at the fastest rate during the coming year. These consumables are essential components of any laboratory
experiment hence they are expected to witness significant growth during the forecast period.
Strategic Insights
The companies operating in the cell expansion market have been implementing various strategies to grow in their
corresponding markets; this has, in turn, enabled them to bring various changes in the market. The companies
have utilized strategies such as product launches, and approvals of their product portfolio and acquisitions for the
growth of their organizations.
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Dominating Segments
The report segments global cell expansion market as follows:
Global Cell Expansion Market - By Product
Consumables
Instruments
Global Cell Expansion Market - By Cell Type
Human Cells
Animal Cells
Dominating Segments
Global Cell Expansion Market - By Application
Regenerative Medicine and Stem Cell Research
Cancer and Cell-based Research
Other Applications
Global Cell Expansion Market - By End User
Biopharmaceutical and Biotechnology Companies
Research Institutes
Cell Banks
Other End Users
Leading Players
Company Profiles in Cell Expansion Market are:
BD
Merck KGaA
Thermo Fisher Scientific, Inc.
Terumo Corporation
General Electric Company
Corning Incorporated
Miltenyi Biotec
Danaher
Lonza
STEMCELL Technologies, Inc.
Antiviral Drug Resistance Market
REGIONAL FRAMEWORK
Cell Expansion Market
The other significant factor driving the growth of the market is the increasing adoption of consumables in
research and development activity in cell expansion in the future.
Antiviral Drug Resistance Market
Access Full Research Report at:
https://www.theinsightpartners.com/reports/cell-expansion-market
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