Cell Expansion Market to Witness 5.1% of CAGR by 2027 – The Insight Partners
According to a new market research study of ‘‘Cell Expansion Market to 2027 – Global Analysis and Forecasts by Product, Cell Type, Application, End User’ the global cell expansion market is projected to reach US$ 42,837.11 Mn in 2027 from US$ 11,929.43 Mn in 2018. The market is projected to grow with a CAGR of 15.6% from 2019-2027. The report provides trends predominating in the global Cell Expansion market and the factors driving the market and also the factors that act as hindrances.
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Regenerative medicine has the potential to replace or heal tissues as well as organs damaged by age, disease, or trauma, as well as to normalize congenital defects. Over the last quarter of a century, there has been an emergence of a tissue engineering industry, one that has now evolved into the broader area of regenerative medicine. Regenerative medicine is defined as a rapidly growing interdisciplinary field that involves engineering sciences to develop clinical therapies intended for maintenance, repair, replacement and enhancement of biological function. Cell expansion is a crucial and invariable part of regenerative medicine. On the bases of study and investigation, desired regeneration techniques are used to develop the tissue which involves cell expansion procedures. It helps to understand how to treat injuries and diseases from broken bones to neurodegenerative diseases. Thus, the rise in the adoption of regenerative medicines is expected to foster the demand for cell expansion procedures thereby driving the market growth. Therefore, owing to the factors mentioned above, the market is likely to propel during the forecast period.
Key Players Influencing the Market
- Merck KGaA
- Thermo Fisher Scientific, Inc.
- Terumo Corporation
- General Electric Company
- Corning Incorporated
- Miltenyi Biotec
- STEMCELL Technologies, Inc.
The global cell expansion market, based on the product, was segmented into consumables and instruments. In 2018, the consumables segment held the largest share of the market. Moreover, the consumables segment is expected to grow at the fastest rate during the coming year. These consumables are essential components of any laboratory experiment hence they are expected to witness significant growth during the forecast period. The other significant factor driving the growth of the market is the increasing adoption of consumables in research and development activity in cell expansion in the future.
Table of Content – Major Key Points
1 Scope of the Report
2 Executive Summary
3 Global ell expansion by Company
4 World Historic Review for Cell Expansion by Geographic Region
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Manufacturing Cost Structure Analysis
11 Marketing, Distributors and Customer
12 World Forecast Review for cell expansion by Geographic Region
13 Key Players Analysis
14 Research Findings and Conclusion
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Answers that the report acknowledges:
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