Cell Expansion Market - Global Industry Analysis

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Cell expansion is a process wherein daughter cell production is done from a single cell in an artificial environment by using culture media and other supplements required for growth. The whole process for the production of daughter cell is carried out in the bioreactor on a large scale. These daughter cells are used for various purposes in the healthcare industry which involves increased usage of regenerative medicines and various other clinical trials. Use of these bioreactors on a large scale is very useful and it reduces the labor and manpower and also reduces the cleaning process on a large scale. The process of cell expansion is mostly used in the development of the new drug, research, and others. It is also widely used for the improved transplantation and treatment of various diseases such as diabetes, arthritis, and others.

One of the major factors driving the growth of cell expansion market is increased use of regenerative medicine and chronic medical conditions. To treat those medical conditions and study the effect of developed medicines in the cells has increased the demand for cell expansion. Increased awareness among the people regarding stem cell and its uses have also increased the demand for stem cell preservation which is further expected to drive the growth of cell expansion market over the forecast period. Furthermore, development in the research and development activities coupled with various technological advancements for cell expansion is expected to fuel the growth of cell expansion market over the forecast period. However, the high cost involved in the operation with skilled labor and stringent government regulations for cell expansion process due to the ethical issue are factors expected to hamper the growth of cell expansion market in the near future.

Based on the product type, the cell expansion market is segmented into consumables, instruments, and disposables. Based on the application, the cell expansion market is fragmented into cancer and cell-based research, regenerative medicine and stem cell research, and other. On the basis of end-user, the cell expansion market is segmented into biopharmaceutical and biotechnology companies, research institutes, cell banks and other. On the basis of the cell type, the cell expansion market is segmented into animal cells and human cells.

North America is expected to hold the major market share in cell expansion market which is closely followed by Europe. Due to the presence of various developed countries such as the U.S., Canada, and others are expected to support the growth of cell expansion market. The Asia Pacific is the third largest market for cell expansion with rapid growth over the forecast period. Latin America and the Middle East and Africa are expected to show a considerable growth in the near future.

Some of the key players in the cell expansion market include Becton and Dickinson Company, Corning Incorporation, Danaher Corporation, GE Healthcare, Miltenyi Biotec, Merck Millipore, Sigma Aldrich Corporation, Stemcell Technologies, Terumo BCT, and Thermo Fischer Scientific Inc., among others.