Global Cell Expansion Market: Overview
Cell expansion is the process of producing daughter cells, which fundamentally occur from a single cell. Cell expansion is useful in therapeutics as a drug screening tool and also for core research reason.
Global Cell Expansion Market: Growth Factors
The prominent factors contributing to the global cell expansion market include increasing numeral of GMP-certified manufacturing amenities, rising government expenditure for research, growing incidence of chronic diseases, raised expenditures in cell-based products, and 3D cell expansion methodology. However, ethical issues concerning research on cell biology, elevated cost of cell-based research, and strict guidelines are few factors that can hinder the market growth.
Global Cell Expansion Market: Segmentation
The global cell expansion market can be segmented based on application, product, end-user, cell type, and region. The application segment of the global market is divided into cancer and cell-based research, regenerative medicine and stem cell research, and others. The product segment of the global cell expansion market is classified into reagents, media, & sera, instruments, consumables, and disposables. The instruments segment of the global market is sub-segmented into bioreactors, automated cell expansion systems, and cell expansion supporting equipment. The bioreactors segment of the global market is divided into perfusion/hollow fiber reactors and microcarrier bioreactor. The microcarrier bioreactor is sub-segmented into suspension-based for anchorage independent and microcarrier-based for anchorage dependent. The cell expansion supporting equipment segment of the market is diversified into centrifuges, flow cytometers, cell counters, and other supporting equipment. The disposables segment of the market is sub-segmented into bioreactor accessories, tissue culture flasks, and other disposables. The end-user segment of the global market is diversified into biopharmaceutical and biotechnology companies, cell banks, research institutes, and others. The cell type segment of the market is divided into animal cells and humans cell. The human cells segment of the market is classified into differentiated cells and stem cells. The stem cells segment of the global cell expansion market is sub-segmented into induced pluripotent stem cells, adult stem cells, and embryonic stem cells.
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Global Cell Expansion Market: Regional Analysis
North America is anticipated to be the dominating region in the global market of cell expansion market owing to the rising frequency of cell-based and chronic diseases, increasing expenditure by government and companies for research, and increase in the aging population. Asia Pacific is also expected to grow at a fast pace in the near future. The growth of this region can be attributed to factors such as quickly growing biopharmaceutical & biotechnology industries and growing government funds for stem cell and cancer research.
Global Cell Expansion Market: Competitive Players
The major players in the global cell expansion market are Becton, Dickinson and Company, Lonza, GE Healthcare, Beckman Coulter, Inc., Merck KGaA, Miltenyi Biotec, Corning, Inc., Stemcell Technologies, Inc., and Terumo BCT, Inc. The other key players in the market are Thermo Fisher Scientific, Inc., Sigma Aldrich Corporation, Danaher Corporation, Merck Millipor, Corning, Inc., and Eppendorf AG.