Cell Expansion Market Size, Share, Growth Report 2032

Cell expansion Market Industry Prospective:

The global cell expansion market was worth around USD 15292.5million in 2021 and is estimated to grow to about USD 35004.9million 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.

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Cell Expansion Market: Overview

The cell expansion market is expected to see a substantial increase in demand as the focus on cell therapies bolsters with rising research and development for the same. The cell expansion market will also be driven by rising investments in the healthcare and pharmaceutical industries to bolster offerings provided by multiple firms operating in the cell expansion market landscape.

Rising research in cell technology, growing demand for personalized medicine, rising focus on healthcare, growing geriatric population, developing healthcare infrastructure, increasing prevalence of chronic diseases, etc. are some major factors that propel cell expansion market potential.

COVID-19 Impact:

The COVID-19 pandemic restricted the cell expansion market potential in 2020 and the trend was prevalent in early 2021 as well as the world grappled to control the coronavirus pandemic on a global scale. A drop in research activities majorly hampered the cell expansion market growth and restrained the market in these adverse times.  

The shift in focus from other healthcare research prospects to focus on coronavirus also led to a drop in the cell expansion market growth curve. However, stem cell research played a crucial role in understanding coronavirus infections which also uplifted the market potential to a certain extent.

The cell expansion market growth is expected to rise at a stellar pace over the forecast period owing to rising research and increasing adoption of new treatments in the healthcare industries. Rising government support will also favor cell expansion market potential.

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Cell expansion Market: Growth Drivers

Cell expansion market Increasing Prevalence of Chronic Ailments

Cancer and other chronic diseases have increased in prevalence in recent years and this has bolstered the demand for cell-based therapies and thus propelled the research in cell expansion market. Increasing research will eventually lead to new launches and these are expected to further bolster the cell expansion market growth trend through 2028 and lead the market growth in the changing healthcare landscape.

Cell expansion Market: Restraints

Rising Concerns about Use of Humans and Animals for Cell Research

The cell expansion market is incomplete without cell research and this trend is expected to be the major drives as well as a major restraint to the market due to the ethical concerns associated with it. Use of humans and animals for research has had some pushback from activists across the world and has resulted in slowed research and development activity which constrains the market from attaining full growth. This factor is being worked on to address and change the cell research approach to be more safe and compliant with human and animal rights.

Report Scope:

Global Cell Expansion Market: Segmentation

The global cell expansion market is segregated based on product,end-user, application, and region.

By End-user, the market is divided into research institutes, consumables, instruments, pharmaceutical & biotechnology companies, consumables, instruments, others, consumables, and instruments. The Biotechnology & biopharmaceutical companies are anticipated to hold a bright outlook over the forecast period and are anticipated to emerge as a major growth driver for the cell expansion market through 2028. The increasing scope of application for healthcare research is anticipated to majorly boost growth in this segment.

By Application, the cell expansion market is segmented into stem cell technology, cancer research, drug screening and development, tissue engineering & regenerative medicine, and others. The regenerative medicine segment is expected to have a highly lucrative growth over the forecast period and is expected to be a significant segment over the forecast period. The stem cell technology segment is also anticipated to rise at a fast CAGR through2028.

Recent Developments

• In October 2020 – Danaher a leading name in the healthcare industry announced that it has completed the acquisition of a biopharma business from General Electric Company's Life Sciences division. The acquired venture will function under the name ofCytiva and will be under Danaher’s life sciences segmentation.

Regional Landscape

North America region leads the global cell expansion market in terms of revenue and volume share and is anticipated to maintain a dominant stance through the forecast period. Increasing focus on healthcare and rising research activities in this region are expected to propel market potential in this region. Increasing awareness about novel treatments, the growing prevalence of the geriatric population, the presence of key cell expansion companies,etc. are some major factors that drive the cell expansion market growth through 2028. The United States is expected to be the most important market in this region over the forecast period.

The market for cell expansion in the Asia Pacific is anticipated to rise at the fastest CAGR over the forecast period. Increasing focus on healthcare is predicted to be a major trend propelling growth in this region. India and China are expected to be the most prominent markets in this region over the forecast period. The increasing geriatric population in Japan is also expected to boost the cell expansion market in this nation.

Competitive Landscape

Some of the main competitors dominating the global cell expansion market include – Becton, Dickinson and Company, CorningIncorporated, Eppendorf, Sartorius AG, Merck KGaA, and Lonza Group AG, PromoCell GmbH, Danaher Corporation, Thermo Fisher Scientific, and HiMedia Laboratories.

The 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