Global Cell Expansion Market Is Likely To Grow At A CAGR Value Of Around 14.8% By 2028

The global cell expansion market was worth around USD 15292.5 million in 2021 and is estimated to grow to about USD 35004.9 million by 2028, with a compound annual growth rate (CAGR) of approximately 14.8 percent over the forecast period. The report analyzes the cell expansion market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the cell expansion market.

Cell expansion is a major area of research in the healthcare infrastructure and is an emerging basis of multiple cell-related research and treatments. Increasing focus on healthcare has spawned a new demand for novel treatments and the cell expansion market is anticipated to be majorly driven by this trend through the forecast period.

Cell expansion research activities are expected to be boosted over the forecast period owing to rising investments from government organizations and private organizations as well. The rising popularity of cellular therapies is expected to further bolster the demand for cell expansion through 2028.

Increasing focus on healthcare, rising prevalence of chronic diseases, growing geriatric population, growing demand for personalized medicine, increasing popularity of cellular therapies is some major trends that will drive the cell expansion market growth through the forecast period.

Cell expansion research is majorly carried out on animals or humans and this creates an ethical conundrum that will create an adverse effect on cell expansion market growth and have a hampering effect on the overall growth trend. The cell expansion companies are striving to find an alternative research approach and are looking to overcome this barrier and move towards delivering effective novel solutions for cellular therapies that are gaining popularity.

The COVID-19 pandemic had a negative impact on the cell expansion market but also increased the research scope for cell therapies as they were crucial in combating coronavirus infections and played a key role in research for the virus that plagued the world. Lockdown restrictions created shortages in supply chains and hence hampered research activity in multiple regions across the world.

Stem cell research and regenerative medicine which have gained massive popularity over the recent years have crucial applications of cell expansion and cell research and will propel the cell expansion market potential in the post-pandemic era. The increasing focus on healthcare and the emerging popularity of cell therapies in developing economies such as India and China are also expected to boost cell expansion market growth through 2028.

The global cell expansion market is segregated based on product, end user, application, and region. Based on End user, the market is divided into research institutes, consumables, instruments, pharmaceutical & biotechnology companies, consumables, instruments, others, consumables, instruments. The biotechnology & biopharmaceutical companies segment is expected to hold a nearly 50% market share over the forecast period. These institutions are majorly responsible for cell research and are expected to further boost cell expansion market demand through the forecast period.

North America region is expected to hold a dominant outlook in the global cell expansion industry landscape and will majorly be driven by rising research on cell expansion and cell therapy in this region through 2028. The presence of key cell expansion companies in this region will also favor cell expansion market growth over the forecast period. The rising geriatric population, increasing popularity of cellular therapies, growing prevalence of chronic diseases are some other factors that will be governing the cell expansion market growth over the forecast. The United States is anticipated to be the most prominent market in this region owing to increasing healthcare expenditure and rising research activities.

Key players functioning in the global cell expansion market include Becton, Dickinson and Company, Corning Incorporated, Eppendorf, Sartorius AG, Merck KGaA, Lonza Group AG, PromoCell GmbH, Danaher Corporation, Thermo Fisher Scientific, and HiMedia Laboratories.

Browse the full “Cell Expansion Market By Product (Consumables, Instruments), By End User (Research Institutes, Consumables, Instruments, Pharmaceutical & Biotechnology Companies, Consumables, Instruments, Others, Consumables, Instruments), By Application (Stem Cell Technology, Cancer Research , Drug Screening and Development, Tissue Engineering & Regenerative Medicine, Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/cell-expansion-market

Recent developments:

• In March 2022, Catamaran Bio Inc. a leading biotech organization specializing in cell therapies for cancer announced the extension of its research as it partnered with Branden Moriarity, PhD, of the University of Minnesota to further advance their research with functional attributes

Global cell expansion market is segmented as follows:

By Product

• Consumables
• Instruments

By End user

• Research Institutes
• Consumables
• Instruments
• Pharmaceutical & Biotechnology Companies
• Consumables
• Instruments
• Others    
• Consumables
• Instruments

By Application

• Stem Cell Technology
• Cancer Research
• Drug Screening and Development
• Tissue Engineering & Regenerative Medicine
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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