Cell expansion is the large scale artificial production of daughter cells from a single cell, to support medical research. The process of cell expansion plays a critical role in enhancing the benefits and uses of fully differentiated as well as stem cell cultures for their use in therapeutics, drug screening tools or advanced research purposes. The growth of the global cell expansion market is attributed to the increasing adoption of regenerative medicines and rising prevalence of cancer. However, risk of contamination during cell expansion is the major factor hindering the market growth.
The global cell expansion market is
expected to witness substantial growth post-pandemic. The COVID-19 has affected
economies and industries in various countries due to lockdowns, travel bans,
and business shutdowns. The COVID-19 crisis has overburdened public health
systems in many countries and highlighted the strong need for sustainable
investment in health systems. As the COVID-19 pandemic progresses, the healthcare
industry is expected to see a drop in growth. The life sciences segment thrives
due to increased demand for invitro diagnostic products and rising research and
development activities worldwide. However, the medical technologies and imaging
segment is witnessing drop in sales due to a smaller number of surgeries being
carried out and delayed or prolonged equipment procurement.
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Leading Cell Expansion Market Players:
- BD
- Merck KGaA
- Thermo
Fisher Scientific, Inc.
- Terumo
Corporation
- General
Electric Company
- Corning
Incorporated
- Miltenyi
Biotec
- Danaher
- Lonza
- STEMCELL
Technologies, Inc.
Cell Expansion Market: Segmental Overview
Product-Based
Insights
In terms of product,
the global cell expansion market is segmented into consumables and instruments.
In 2018, the consumables segment held largest share of the market. Moreover,
the same segment is estimated to grow at the highest CAGR during the forecast
period.
Application-Based
Insights
Based on
application, the global cell expansion market is segmented into regenerative
medicine and stem cell research, cancer and cell-based research and other
applications. The regenerative medicine and stem cell research segment held the
largest market share in 2018. Also, the same segment is estimated to register
the highest CAGR during the forecast period.
End User-Based
Insights
In terms of end user, the global cell expansion market is segmented into
biopharmaceutical and biotechnology companies, research institutes, cell banks,
and other end users. The biopharmaceutical and biotechnology companies segment
held the largest share of the market in 2018, and the same segment is estimated
to register the highest CAGR during the forecast period.
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Cell Expansion Market Segmented by Region/Country: North
America, Europe, Asia Pacific, Middle East & Africa, and Central &
South America
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