The Worldwide cell harvesting market is estimated to record a CAGR of 8.75% with an approximate market value of USD 209.5 million over the forecast period 2018 to 2023.
Cell Harvesting Market Scenario
Cell harvesting is performed by separating the cell culture from the growing medium, involving techniques such as centrifugation, microfiltration, and depth filtration. The term cell harvesting is generally used with reference to stem cells.
Stem cells are primitive cells that have the capacity to develop into different cell types. There are various types of stem cells that are segmented by their ability to differentiate and origin. Bone marrow transplantation is an instance of a stem cell therapy that has gained wide acceptance worldwide. Cell harvesting is done by separating the cell culture from the growing medium, involving methods such as microfiltration, depth filtration, and centrifugation.
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Factors such as increase in diseases, increase in chronic infections, rapid growth of the pharmaceutical and biotechnology sectors, and growing research in regenerative medicines are anticipated to boost the market growth. Additionally, the ease of use, cost-effectiveness, development of cell harvester devices, technological advancements, and durability of harvesters, drive the market positively.
Key players are leading the market actively with new product launches. However, the complicated functioning of harvesters, collectively with ethical issues associated with embryonic stem cell research may restrict the market growth. Strict government regulations and mandatory licensing norms may also limit the market growth over the forecast period.
The key players in the global cell harvesting market include names such as
- Avita Medical
- ads-tec GmbH
- Arthrex Inc.
- Argos Technologies Inc.
- hynoDent AG
- Cox Scientific
- Teleflex Incorporated
- Terumo Corporation
- and PerkinElmer Inc.
The worldwide cell harvesting market has been segmented into application, end user, and product type.
Based on application, the market has been segmented into stem cell research, biopharmaceutical application, and others.
Based on product type, the market has been segmented into automated cell harvesters and manual cell harvesters. The manual cell harvesters segment is likely to hold the highest share in the market. The automated cell harvesters segment is a rapidly growing segment due to surge in the application of automated technology in devices and increased awareness about the device.
Based on end user, the market has been segmented into research institutes, biotechnology companies, pharmaceutical companies, and others.
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TABLE OF CONTENTS:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
Chapter 6. Global Cell Harvesting Market, By Product Type
Chapter 7. Global Cell Harvesting Market, By Application
Chapter 8. Global Cell Harvesting Market, By End User
Chapter 9. Global Cell Harvesting Market, By Region
Chapter 10. Company Landscape
Chapter 11. Company Profiles
Chapter 12 MRFR Conclusion
Chapter 13. Appendix
- List Of Tables
- List Of Figures
The Americas are likely to dominate the worldwide cell harvesting market owing to an improved healthcare sector and surging healthcare expenditure. In May 2018, data published by the Committee for a Responsible Federal Budget reported that the US expended almost 18% of its Gross Domestic Product (GDP) on health expenditures which amounted to USD 3.5 trillion approximately. Additionally, several players in this region focus on developing new treatment options, making it a lucrative option for the development of market in this region.
Europe is likely to hold the second largest position in the global cell harvesting market. Availability of funds for research plays an active role in driving the growth of the market in Europe. The data published by the National Institute of Health Funding (NIHR) in 2016 recorded that funding of EUR 928 million had been announced for new NIHR Clinical Research Facilities (CRF) and NIHR Biomedical Research Centers (BRC) for five years commencing from April 2017.
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Asia-Pacific is likely to be the fastest growing market owing to the developing economies such as India and China. Plus, the presence of a huge patient population in these regions also drives the cell harvesting market in this region.
The Middle East and Africa is known to hold the least share of the market. However, the Middle Eastern market appears promising owing to the increasing government initiatives.
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