Cell expansion is referred to as the creation of daughter cells which basically arise from a single cell. Either for core research purpose or therapeutically as a drug screening tool, cell expansion is beneficial in both the ways. At present, cell expansion is highly employed in stem cell expansion which is used in the transplantation process in patients suffering from blood cancer. It further has potential to be used in several ailments associated with defects such as Alzheimer’s disease and Parkinson’s disease.
In terms of type, the global cell expansion market has been classified into plant cells, animal cells, and human cells. Out of these, human cells account for a chief portion of the overall share in the global cell expansion market and is likely to remain popular the coming years. Currently, plant cell expansion is under trials and research and development activities are being done for further therapeutic applications. Animal cell expansion has a few therapeutic applications in comparison to human and plant cell expansion.
The research report is a comprehensive inspection of the growth trajectory in terms of current, historical, and future prospects of the global cell expansion market. It offers an evaluation of the dynamics that are anticipated to impact the growth of the market and the chief trends have also been stated in the study. The study also presents a diverse lookout on the competitive landscape of the market through Porter’s five forces analysis. The publication provides references of mergers and acquisitions, the research and development projects, details on collaborations and licensing. The report delves into the strategies related to marketing, shares, and product portfolio of the key players operating in the global cell expansion market.
The key driving factors of the global cell expansion market are rising number of GMP-certified production units of cell therapy and growing initiatives by companies regarding the development of advanced cell-based therapies. Factors such as rising investments by governments across the globe for cell based research and rising concerns over the prevalence of chronic diseases are also expected to bode well for the growth of the market.
Participants in the cell expansion market can also gain from the opportunities arising from the markets in the emerging economies and advent of the 3D cell expansion technology. However, the global cell expansion market is likely to be negatively impacted expensive research of cell expansion and ethical concerns over researches on cell biology. Survival of new entrants and small players is likely to emerge as a challenge in the near future.
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Based on applications, the market has been segmented into clinical diagnostics, biotechnology and biopharmaceuticals, regenerative drugs, and stem cell research. At present, the market for cell expansion is being dominated by stem cell research. The extensive employment of stem cells for genetic diseases and therapeutic cancer requires the involvement of cell expansion to a great extent.
Region-wise, the global cell expansion market is classified into Asia Pacific, North America, Europe, and the Rest of the World. The market is being led by North America trailed by Europe owing to the rise in research and development projects, huge government investment in stem cell research, and a well laid infrastructure and supporting facilities.
The chief players in the market are Thermo Fisher Scientific Inc., StemCell Technologies, Sigma-Aldrich Corporation, Miltenyi Biotech, Terumo Corporation, Merck Millipore, Corning Incorporated, and Danaher Corporation.
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