Cell Expansion Is Estimated To Witness High Growth Owing To Growing Adoption in Drug Discovery and Development

 

Cell Expansion Market

The global Cell Expansion Market size is estimated to be valued at US$ 17927.69 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

The global Cell Expansion market is witnessing significant growth, fueled by the increased demand for personalized medicine which relies on cell-based therapies. Recent advancements in life science research have enabled the reproduction and large-scale production of human cells outside the body. This has increased cell viability and functionality, as cell expansion techniques overcome limitations of traditional cell production methods.

 

Market Overview:

Cell expansion refers to the process of multiplying cells outside the body for applications in research, therapeutics and diagnostics. It relies on various technologies such as bioreactors that maintain optimal growth conditions to stimulate cell proliferation without loss of viability or functionality. Advances in cell culture media composition and surface coatings have enhanced cell attachment, growth and therapeutic potency of expanded cells.

 

Market key trends:

One of the key trends driving the cell expansion market is the rising demand for regenerative medicine. Cells expanded outside the body are increasingly being used for repair, replacement or regeneration of damaged cells and tissues. For instance, mesenchymal stem cells derived from adipose tissues or bone marrow are undergoing expansion for applications in cartilage and bone repair. Chronic diseases such as diabetes also rely on expanded insulin-producing cells or islets for transplantation. Technological improvements enhancing cell yield, viability and capabilities are expected to support the clinical potential of cell expansion in the coming years.

Segment Analysis

The global cell expansion market can be segmented based on product, cell type, application, and end user. Based on product, the market can be segmented into consumables, instruments, and accessories. The consumables segment is expected to dominate the market during the forecast period. Consumables are used in large numbers and have to be replaced frequently during cell expansion processes. Based on cell type, the market can be segmented into stem cells, primary cells, and immortalized cell lines. Stem cells will be the fastest growing segment during the forecast period due to high demand for stem cells in research and immunotherapy.

 

Key Takeaways

The Global Cell Expansion Market Size is expected to witness high growth, exhibiting a CAGR of 11% over the forecast period, due to increasing R&D in cell-based therapies and regenerative medicines.

 

Regional analysis: North America is expected to dominate the global market during the forecast period. This is attributed to presence of major market players, developed healthcare infrastructure, and increasing stem cell research activities in the region. Asia Pacific region is anticipated to exhibit the highest growth rate owing to growing biotechnology and pharmaceutical industries, increasing healthcare expenditure, and rising incidence of chronic diseases.

 

Key players: Key players operating in the cell expansion market are Becton, Dickinson and Company, Sartorius AG, Merck KGaA, Corning, Inc., Eppendorf SE, Lonza Group AG, PromoCell, Danaher, Thermo Fisher Scientific, HiMedia Laboratories, STEMCELL Technologies Inc., REPROCELL Inc., Bio-Techne, Valiant Co., Ltd., Miltenyi Biotec, and Biologos. Major players are focusing on new product launches, expansions, partnerships and collaborations to gain more market share.

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https://www.dailyprbulletin.com/cell-expansion-market-size-share-growth-outlook-2023/

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