Global Cell Expansion Market Product (Consumables, Instruments), Cell Type (Human Cells, Animal Cells), Application (Regenerative Medicine, Stem Cell Research, Oncology and Cell-Based Research, Others), End User (Pharma & Biotech companies, Research Institutes, Cell Banks, Others)
Market Definition: Global Cell Expansion Market
Cell expansion which deals with the production of cells from single cell, is used in therapeutic development, drug screening, and microlevel research of cells. Recently, cell expansion is widely used for improving transplantation and in the treatment of various diseases including rheumatoid arthritis, diabetes, and others.
Major Market Drivers and Restraints:
- Increasing incidence of chronic diseases.
- Rising number of government initiative and investments in research
- Technological advancements and new product launches
- Increasing number of GMP-certified cell therapy production facilities
- Rising number of livestock and instances of diseases
- High costs of research
- Stringent regulatory policies & ethical concerns regarding research
Market Analysis: Global Cell Expansion Market
The Global Cell Expansion Market is accounted for USD 11.43 billion in 2016 growing at a CAGR of 17.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Segmentation: Global Cell Expansion Market
By product, global cell expansion market is segmented into consumables and instruments.
Consumables are further sub segmented into reagents, media, & serum and disposables.
Disposables are again sub segmented into bioreactor accessories, tissue culture flasks and others.
Instruments are segmented into cell expansion supporting equipment, bioreactors and automated cell expansion systems.
Cell Expansion Supporting Equipment can be further sub segmented into flow cytometers, centrifuges, cell counters and others.
Bioreactors can be further sub segmented into perfusion bioreactors and microcarrier bioreactors.
Microcarrier Bioreactors can be sub segmented into anchorage-dependent and anchorage independent.
On the basis of cell type, global cell expansion market is segmented into human cells and animal cells.
Human cells can be further sub segmented into stem cells and differentiated cells.
Stem cells are sub segmented into adult stem cells, embryonic stem cells and induced pluripotent stem cells.
On the basis of application, global cell expansion market is segmented into regenerative medicine, stem cell research, oncology and cell-based research and others.
Based on end user, global cell expansion market is segmented into pharma & biotech companies, research institutes, cell banks and others.
On the basis of geography, global cell expansion market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Competitive Analysis: Global Cell Expansion Market
The global cell expansion market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cell expansion market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Global Cell Expansion Market
Some of the major players operating in global cell expansion market are BD, Merck KGaA, GE Healthcare, Thermo Fisher Scientific, Inc., Corning Incorporated, Miltenyi Biotec, STEMCELL Technologies Inc., Danaher, TERUMO BCT, INC., Lonza, Beckman Coulter, Inc., Cyto-Matrix Inc., ReNeuron Group plc, pluristem, NexImmune, RepliCel, TC BioPharm, CellProthera among others.
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