July 27, 2020
According to the research report titled ‘Global Cell Expansion Market: Analysis By Product Type, Cell Type By Application, By Region, By Country (2019 Edition): Opportunities and Forecast (2014 2024) By Application , By Region, By Country (U.S, Canada, Germany, France, U.K., Japan, China, India)’, available with Market Study Report LLC, global cell expansion market is reckoned to witness a y-o-y growth rate of 17.33% over 2019-2024.
Increased pervasiveness of chronic conditions such as osteoarthritis, diabetes, and cancer is bolstering the demand for cell expansion procedures across the globe, which in turn is driving the market growth. Surging investments in healthcare research coupled with rising adoption of advanced medical instruments are further aiding the market expansion.
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Favorable government initiatives and growing demand for automated cell expansion systems are also stimulating the industry outlook. Rising number of GMP-certified cell expansion facilities are favoring the overall market scenario. However, concerns regarding product failures may act as a restraining factor to the growth of cell expansion market, cites the study.
Notably, the research report on global cell expansion market offers a detailed analysis of this business landscape and comprises of significant information related to the prevailing and estimated remuneration of the industry, its valuation and size over the study duration. It also offers crucial insights pertaining to the market drivers, challenges & restraints impacting this industry outlook. Additionally, the study broadly categorizes the market into various segmentations and scrutinizes the competitive arena.
The report splits the product landscape of cell expansion market into disposables, consumables, and instruments. Moving on to cell type, the market is bifurcated into animal cells and human cells.
Based on application scope, the market is segmented into cancer & cell-based research and regenerative medicine & stem cell research.
Considering the regional landscape, global cell expansion market is divided into Middle East & Africa, South America, Asia-Pacific, Europe and North America and rest of the World. The report focuses on countries such as India, China, Japan, U.K., France, Germany, Canada and the U.S. Asia-Pacific cell expansion industry is poised to accumulate substantial revenues by the year 2024.
The leading companies that formulate the competitive scenario of global cell expansion industry are Stem Cell Technologies Inc., Synthecon Inc., CellGenix Technologie Transfer GmbH, Terumo Medical Corporation, Corning Inc., Danaher Corporation, Becton Dickinson & Co., Thermo Fisher Scientific, Eppendorf, and Merck Millipore among others.