According to The Insight Partners market research titled ‘Cell Expansion Market to 2027 – Global Analysis and Forecasts by Product, Cell Type, Application, End User’, the global cell expansion market is projected to reach US$ 42,837.11 Mn in 2027 from US$ 11,929.43 Mn in 2018. The cell expansion market is expected to grow with a CAGR of 15.6% from 2019-2027. The report presents trends predominating in the global cell expansion market and the factors driving the market and also the factors that act as hindrances.
The global cell expansion market, based on the product, was segmented into consumables and instruments. In 2018, the consumables segment held the largest share of the market. Moreover, the consumables segment is expected to grow at the fastest rate during the coming year. These consumables are essential components of any laboratory experiment hence they are expected to witness significant growth during the forecast period. The other significant factor driving the growth of the market is the increasing adoption of consumables in research and development activity in cell expansion in the future.
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The significant factors fuelling the market growth are increasing adoption of regenerative medicines and rising prevalence of cancer. However, the risk contamination during cell expansion is expected to hamper the market during the forecast period.
The Prominent/Emerging Players in the Cell Expansion Market Research include:
- Merck KGaA
- Thermo Fisher Scientific, Inc.
- Terumo Corporation
- General Electric Company
- Corning Incorporated
- Miltenyi Biotec
- STEMCELL Technologies, Inc.
The companies operating in the cell expansion market have been implementing various strategies to grow in their corresponding markets; this has, in turn, enabled them to bring various changes in the market. The companies have utilized strategies such as product launches, and approvals of their product portfolio and acquisitions for the growth of their organizations.
Global Cell Expansion Market – By Product
Global Cell Expansion Market – By Cell Type
- Human Cells
- Animal Cells
Global Cell Expansion Market – By Application
- Regenerative Medicine and Stem Cell Research
- Cancer and Cell-based Research
- Other Applications
Global Cell Expansion Market – By End User
- Biopharmaceutical and Biotechnology Companies
- Research Institutes
- Cell Banks
- Other End Users
- North America
- Asia Pacific (APAC)
- South Korea
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- South and Central America
The structure of the Cell Expansion Market report can be categorized into following sections:
Section 1: Scope of the Report & Research Methodology
Section 2: Key Takeaways
Section 3: Market variables & their impact on growth and analytical tools providing High Level Insights into the Market Dynamics and Growth Pattern
Section 4: Market Estimates and Forecasts (with the base year as 2019, historic information of 2016 & 2018 and forecast from 2020 to 2027). Regional and Country Level Estimates and Forecasts for each category which are summed up to form the Global Market.
Section 5: Competitive Landscape. Attributes such as Strategy Framework, Competitor Categorization are included to provide elaborate details on the Market Structure & Strategic Undertakings as well as their impact.
Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the sub title “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (SBUs) and others.
Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.
Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.
The Cell Expansion Market research study is designed keeping in focus all the major countries. Although, all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries which are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.
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