Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 297.84 million | USD 423.92 million | 4.0% | 2023 |
The global Live Cell Encapsulation market size accrued earnings worth approximately USD 297.84 Million in 2023 and is predicted to gain revenue of about USD 423.92 Million by 2032, is set to record a CAGR of nearly 4.0% over the period from 2024 to 2032.
Cell encapsulation technique comprises of restricting cells within polymeric semipermeable membrane for helping in two-way molecule diffusion including oxygen influx and outward diffusing of waste items. Cell microencapsulation technology requires the immobilization of cells inside a semi-permeable polymeric membrane that enables molecules such as oxygen, nutrients, growth factors, etc., necessary for cell metabolism and the external diffusion of waste products and therapeutic proteins, to be bidirectionally diffused.
Massive funding of public as well as private enterprises for promoting product development and encouraging research activities for increasing the efficiency of clinical trials in cell technology will propel the market trends. Apart from this, the growing awareness among the population about the major role played by encapsulated cells in managing the chronic ailments will further spur the growth graph of the live cell encapsulation business. Nonetheless, the restricted access to raw materials of high-quality and large-scale acceptance of alternate mode of treatments are projected to inhibit the upsurge of live cell encapsulation market in the years ahead. Moreover, an increase in the utilization of cell encapsulation methods by the healthcare service providers and medical experts are one of the few factors supplementing the surge of the live cell encapsulation industry.
The industry growth is also influenced by the rising occurrence of target disorders, massive use of new drug delivery systems for treatment of the chronic ailments, and technological breakthroughs. Large scale application of the technology in probiotics, drug delivery, and cell transplantation will shape up the business scope.
The live cell encapsulation market can be segmented into technique, application, and polymer type. Based on the technique, the market is classified into a liquid jet, dripping, and coaxial airflow. Application wise, the live cell encapsulation industry is divided drug delivery, probiotics, research, and transplant. On the basis of polymer type, the live cell encapsulation market is segregated into silica, alginate, cellulose sulfate, and chitosan.
Based on the region, the live cell encapsulation market can be divided into five main regions: Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. North America live cell encapsulation market is projected to experience profitable growth in the near future. The regional market expansion can be accredited to rise in the public sector as well as private sector funding of research activities related to living cell encapsulation sector in countries such as Canada and the U.S. Additionally, the presence of key players will steer the live cell encapsulation industry surge in North America.
Large-scale research activities in the biotechnology sector witnessed in countries such as Germany and the UK will ensure massive business growth in the European region. The growing awareness about healthcare and need for devising new methods of treating chronic diseases in countries such as India, Bangladesh, Thailand, Indonesia, Pakistan, Sri Lanka, and China will further embellish the growth of Asia Pacific market in the foreseeable future.
Report Attributes | Report Details |
---|---|
Report Name | Live Cell Encapsulation Market |
Market Size in 2023 | USD 297.84 Million |
Market Forecast in 2032 | USD 423.92 Million |
Growth Rate | CAGR of 4.0% |
Number of Pages | 204 |
Key Companies Covered | BioTime, Inc., Neurotech Pharmaceuticals, Inc., Lycored, Sigilon Therapeutics, Inc., Evonik Industries, Blacktrace Holdings Ltd., Balchem Corporation, Reed Pacific Pty Ltd., Living Cell Technologies Ltd., Merck KGAA, Encapsys, LLC, BÜCHI Labortechnik AG, Sernova Corporation, and MiKroCaps. |
Segments Covered | By Technique, By Polymer Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Few of the main participants in live cell encapsulation market include
Global Live Cell Encapsulation Market: Technique Segments
Global Live Cell Encapsulation Market: Polymer Type Segments
Global Live Cell Encapsulation Market: Application Segments
Global Live Cell Encapsulation Market: Regional Segment Analysis
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