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. Download PDF Brochure: https://www.theinsightpartners.com/sample/TIPRE00006576/ 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 Thank You! Thank You!
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