The ‘Global Cell Expansion Market Price, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global cell expansion market, assessing the market on the basis of its segments like product, cell type, application, end-use, and major regions.
Cell Expansion Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 15.1 billion
• Forecast CAGR (2023-2028): 15%
• Forecast Market Size (2028): USD 35 billion
The global cell expansion market is expected to gain momentum in the upcoming years on account of the upsurge in the utilisation of automated solutions in the applications of cell expansion.
Automated systems reduce the manpower requirements along with costs sustained while the fabrication of gene therapies, cell therapy products, and other biologics that leads to reliable and robust processes. This is further expected to propel the market growth of cell expansion.
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The increasing consumption of cell expansion in various industries including hospitals, pharma and biotech companies, research activities, and academics, among others are further expected to fuel the market growth. The surging prevalence of chronic diseases along with the rising emphasis on personalized medicine is boosting the demand for cell expansion in the medical industry.
With an increase in incidences of diseases like cancer and diabetes, there is an increased demand for deep research to build new treatment alternatives. Moreover, there are government initiatives like investments for cell-based research and a growing emphasis on the research and development of cell-based therapies. These initiatives, along with the rising Good Manufacturing Practices certifications for cell therapy production facilities are further likely to bolster the cell expansion market growth during the forecast period.
Cell Expansion Industry Definition and Major Segments
Cell expansion is a significant cellular procedure for plant growth, which has a net outcome of internal turgor pressure as well as irreversible cell wall extension.
Cell-wall-associated proteins of the expansion family are major components in this procedure. It needs the synthesis of new cell wall material as well as the controlled loosening of the wall to permit it to stretch and rise in the area.
Based on product, the market is segmented into:
• Reagents, Media, and Serum
• Cell Expansion Supporting Equipment
• Automated Cell Expansion Systems
By cell type, the cell expansion market is bifurcated into:
- Human Cells
• Animal Cells
On the basis of application, the market is segregated into:
- Regenerative Medicine and Stem Cell Research
• Cancer and Cell-Based Research
Based on end use, the market is divided into:
- Biotechnology and Biopharmaceutical Companies
• Research Institutes
• Cell Banks
By region, the market is segmented into:
- North America
• Latin America
• Asia Pacific
• Middle East and Africa
Cell Expansion Market Trends
The rising employment of cell expansion in the research and development of medicines to treat various diseases is expected to drive cell expansion market growth. Cell expansion is utilized in the production of drugs, therapeutics, antibiotics, and vaccines. With the innovation of products in the growth of cell expansion augmenting the healthcare industry and evolving technology, the market for cell expansion is anticipated to grow during the forecast period.
Based on product, the consumables segment is holding a significant segment in the market share for cell expansion industry. This is due to the accessibility of a broad variety of commercial media along with reagent products that are devoted to a particular type of cell. The surging production of vaccines along with other biologics in the biotechnology as well as biopharmaceutical industries is driving the consumable segment growth in the market.
Meanwhile, the instrument segment is likely to gain momentum in the cell expansion market growth on account of the automation in bioreactors as well as other expansion platforms to boost the efficiency of culturing processes. The start of automated stages regulates the process as well as enables process tracking, thereby minimizing the hands-on time. This facilitates more effective usage of the time of skilled personnel.
On the basis of end-use, the research institutes segment is expected to drive the market growth. This is on account of the rise in the engagement of researchers in various studies in the biomedical field coupled with augmented funding for regenerative drugs as well as stem cell research.
Key Market Players
The major players in the global cell expansion market report are:
- Thermo Fisher Scientific Inc
- Lonza Group Ltd
- Corning Incorporated
- Sartorius AG
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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