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Market Research Report
Product code
1030068
Cell Expansion Market by Product, Application, and End User : Global Opportunity Analysis and Industry Forecast, 2021-2030. |
Cell Expansion Market by Product, Application, and End User : Global Opportunity Analysis and Industry Forecast, 2021-2030. |
Published: July 1, 2021
Allied Market Research
Content info: 290 Pages
Delivery time: 2-3 business days
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The global cell expansion market was valued at $13,066.2 million in 2020, and is projected to reach $39,031.1 million by 2030, registering a CAGR of 11.6% from 2021 to 2030.
Cell expansion deals with the production of daughter cells that arise from single cell. Cell expansion process is used in therapeutic development, drug screening, and microlevel research of cells. Presently, cell expansion is widely used to improve transplantation and in the treatment of various diseases such as rheumatoid arthritis, diabetes, cancer, and others. Cell expansion require an appropriate culturing environment for successful cell development. Culturing environment is maintained utilizing culture media, supplements for growth, and reagents. Cell expansion systems also ensure to simplify the overall task and to reduce labor-intensive manual tasks, which are associated with the process.
The main factor that drives the growth of the cell expansion market include increase in incidences of chronic diseases such as diabetes, rheumatoid arthritis, and cancer. In addition, government investments for cell-based research and increase in focus on R&D for cell-based therapies further boost the growth of the market. However, ethical concerns regarding research in cell biology, dearth of skilled professionals, and high cost of cell-based therapies restrain the growth of the market. In contrast, growth opportunity in emerging markets and growth in focus on personalized medicine create lucrative opportunities for the cell expansion market.
The global cell expansion market is segmented on the basis of product, application, end user, and region to provide a detailed assessment of the market. By product, the market is divided into instruments and consumables. By application, the market is classified into stem cell technology, cancer research, drug screening & development, tissue engineering & regenerative medicine, and others. By end user, it is divided into research institutes, pharmaceutical & biotechnology companies, and academic institutes. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major players operating in the market include Becton, Dickinson and Company, Corning Incorporated, Eppendorf, Sartorius AG, Merck KGaA, Lonza Group AG, PromoCell GmbH, Danaher Corporation, Thermo Fisher Scientific, and HiMedia Laboratories.
By Product
By Application
By End User
By Region