Cell Expansion Market To Reach Value Of USD 39.74 Billion By 2027 | Increase In The Adoption Of Regenerative Medicine Drives The Growth Of Market, Says Emergen Research
VANCOUVER, BC, March 22, 2022 /PRNewswire/ -- The global cell expansion market is estimated to reach value of USD 39.74 Billion by 2027, according to a current analysis by Emergen Research. Cell expansion is witnessing a surge in demand owing to an increase in automated solutions. Automation in the production of gene therapies and cell therapies products reduces the cost of production and decreases workforce.
The emergence of cell-based therapy is expected to further growth of cell expansion market. Advancement in tissue engineering and regenerative medicine have provided growth opportunity for cell expansion market. Demand for regenerative medicine is growing rapidly to develop clinical therapies for repair, maintenance, replacement, and enhancement of biological function. Cell expansion is an important part of regenerative medicine as it provides a better understanding of neurodegenerative diseases. Thus, increase in the adoption of regenerative medicine drives the growth of cell expansion market.
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Lack of skilled professionals and high cost of the operations are expected to restrain growth of cell expansion market. Risk of contamination during the cell expansion procedure is also expected to hinder its adoption by the consumers.
Key Highlights of Report
- In June 2019, Demcon acquired a share in Scinus Cell Expansion Company. Scinus is involved in developing equipment for stem cell therapy. The company is working on a technology that is cheaper, more reproducible, and less labor-intensive than the existing technology.
- The instruments segment is forecast to register a faster rate during the forecast period owing to automation in bioreactors. Emergence of automation enables the tracking of processes and allows for effective time usage of skilled professionals.
- Growing genetic disorders are driving the demand for embryonic stem cells. Research is being undertaken to use embryonic stem cells for eradication of genetic diseases. An increase in chronic diseases all across the globe is fueling the revenue growth of the segment.
- Increase in incidence of cancer has propelled the research by biopharmaceutical companies in cell-based research. There are several funds allocated by public and private companies for cancer and cell-based research.
- The market in Asia Pacific is expected to register the fastest rate owing to the increasing amount of research activities in developing nations. Several companies in the region are investing in developing advanced therapeutic tools, which is encouraging the adoption of cell expansion technology in the region.
- Key companies include Danaher Corporation, Thermo Fisher Scientific, Inc., Corning Incorporated, Lonza, Merck KGAA, Terumo Corporation, Stemcell Technologies, Inc., Cellexus, Becton, Dickinson and Company, and 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-user, and region:
- Product Outlook (Revenue, USD Million; 2017–2027)
- Consumables
a. Reagents
b. Media
c. Sera
d. Disposables - Instruments
a. Cell Expansion Supporting Equipment - Flow Cytometers
- Centrifuges
- Cell Counters
- Other Supporting Equipment
- Bioreactors
a. Microcarrier Bioreactors - Microcarrier-based anchorage-dependent bioreactors
- Suspension-based anchorage-independent bioreactors
- Perfusion/Hollow Fiber Bioreactors
- Automated Cell Expansion Systems
- Cell Type Outlook (Revenue, USD Million; 2017–2027)
- Mammalian
a. Human - Stem Cells
o Adult Stem Cells
o Induced Pluripotent Stem Cells
o Embryonic Stem Cells - Differentiated Cells
b. Animal - Microbial
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- Application Outlook (Revenue, USD Million; 2017–2027)
- Regenerative Medicine and Stem Cell Research
- Cancer and Cell-based Research
- Other (clinical studies, toxicology studies)
- End-User Outlook (Revenue, USD Million; 2017–2027)
- Research Institutes
- Biotechnology and Biopharmaceutical Companies
- Cell Banks
- Other End Users (hospitals and diagnostic laboratories)
- Regional Outlook (Revenue, USD Million; 2017–2027)
- North America
a. US
b. Canada
c. Mexico - Europe
a. Germany
b. UK
c. France
d. BENELUX
e. Rest of Europe - Asia Pacific
a. China
b. Japan
c. South Korea
d. Rest of APAC - Latin America
a. Brazil
b. Rest of LATAM - Middle East & Africa
a. Saudi Arabia
b. UAE
c. Rest of MEA
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend's existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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SOURCE Emergen Research
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