USD 25.21 billion
Report ID:
SQMIG35J2071 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
63
|Figures:
77
Global Cell Expansion Market size was valued at USD 25.21 billion in 2022 and is poised to grow from USD 27.60 billion in 2023 to USD 57.06 billion by 2031, growing at a CAGR of 9.5% during the forecast period (2024-2031).
One of the market drivers is the growing use of automated solutions in applications involving cell expansion. Gene treatments, cell therapy products (CTP), and other biologics can be produced with less labour and money thanks to automated technologies, which also produce more dependable and dependable procedures. In the field of CTP manufacturing, the paradigm change towards Single-Use Systems (SUS) offers significant production benefits. The risks of cross-contamination and culture contamination brought on by insufficient sterilisation are eliminated by SUS. SUS provides long-term cost reductions and additionally enables the manufacture of CTP with high cell densities. As a result, an increase in SUS usage spurs the development of CTP, which accelerates market expansion. The life sciences sector is seeing a steady rise in interest in cellular therapies. Market growth is fuelled by an increase in funding from commercial and public organisations as well as by their activities to promote the development of cellular therapies. The International Society for Stem Cell Research is interested in finding stem cell-related funding opportunities for use in various scientific research applications. It is anticipated that the market will experience financial success as a result of technological development and product innovation in cell expansion fuel. However, a hindrance to the market's progress may come from a lack of advanced instrumentation and 3D cell expansion technology.
US Cell Expansion Market is poised to grow at sustainable CAGR for the next forecast year.
Global Market Size
USD 25.21 billion
Largest Segment
Consumables
Fastest Growth
Instruments
Growth Rate
9.5% CAGR
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Global Cell Expansion Market is segmented on the basis of product, end use, cell type and region. By product, the market is segmented into consumables, culture flasks & accessories, instruments. By end use, market is segmented into biopharmaceuticals, research institutions, cell banks, others. By cell type, the market is segmented into mammalian, microbial, others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Cell Expansion Market Analysis by End-Use
The segment for biotechnology and biopharmaceutical firms had the biggest market share in 2023 (48%), and it will continue to develop rapidly. One of the key aspects influencing the high proportion of biopharmaceutical businesses is the expanding potential of cell-based medicines in the healthcare sector. As an illustration, cellular-based therapies have skyrocketed in popularity in regenerative medicine thanks to ongoing advancements in injectable cell delivery technologies for a range of therapeutic uses.
As a result of the numerous studies being conducted in the biomedical industry, research institutes are expected to experience the quickest CAGR between 2024 and 2031. A new technology, for instance, was developed by scientists at the University of Wisconsin in the United States to make the development of the H3N2 vaccine simple. To achieve this, scientists created a novel cell line that improved the proliferation of H3N2 for use in vaccines. This market will likely see the introduction of new items thanks to these research findings.
Cell Expansion Market Analysis by Product
With 46.8% of the market share, consumables were the most popular product category in 2023. It is predicted that it will continue to hold a strong position for the entire period of the projection. The substantial revenue share of this category is attributed to the availability of a broad range of commercial media and reagent items tailored to particular types of cells. Additionally, these items are readily available, ready to use, and come in formulas without serum.
Due to automation in bioreactors and other expansion platforms to improve the efficiency of culturing procedures, the instruments segment is anticipated to grow at the quickest CAGR throughout the projection period. The use of automated platforms streamlines the process, permits process tracking, and cuts down on the amount of time spent on manual labour, allowing for a more efficient use of staff time.
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With a share of 43.1% in 2023, North America had the greatest proportion. Due to increased government funding initiatives that have sped up the development of regenerative medicine and cellular therapy products as well as the production of stem cells, the region will maintain its leadership position over the future years. As a result, there is a demand for cell expansion platforms in this area. For instance, the FDA and the Medical Technology Enterprise Consortium (MTEC) gave the Southwest Research Institute (SwRI) (U.S.) a total of USD 5.3 million in financing. In order to grow cells for the creation of individualized regenerative medicine, the SwRI invested these monies. The revenue generation in this area is increased by such investments.
Asia Pacific is anticipated to see the quickest growth throughout the forecast period as a result of increased efforts made by numerous local pharmaceutical and biotechnology businesses to develop and market their cellular medicines. For the purpose of commercializing its Stempeucel stem cell-based product, an Indian business by the name of Stempeutics Research Pvt. Ltd. struck an association with Kemwell Biopharma.
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Cell Expansion Market Drivers
Advancements in Genetic Engineering and Cell Line Development
Growing Biopharmaceutical Pipeline
Cell Expansion Market Restraints
Ethical Considerations in Cell Line Development
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The global cell expression market is highly competitive and consists of several key players. These players engage in strategies such as collaborations, partnerships, mergers and acquisitions, and product launches to gain a competitive edge.
Cell Expansion Market Top Player’s Company Profiles
Cell Expansion Market Recent Development
Emergence of Novel Expression Systems
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global cell expression market is experiencing significant growth and is driven by various factors such as increasing research and development activities in the field of biotechnology, growing demand for biopharmaceuticals, advancements in cell expression technologies, and rising investments in the healthcare sector. One of the key drivers of the market is the growing demand for biopharmaceuticals. Biologics, including monoclonal antibodies, recombinant proteins, and therapeutic enzymes, are increasingly being used for the treatment of various diseases. Cell expression systems play a crucial role in the production of these biologics. As the demand for biopharmaceuticals continues to rise, there is a corresponding increase in the need for efficient and scalable cell expression technologies. The global cell expression market is experiencing significant growth and is driven by various factors such as increasing research and development activities in the field of biotechnology, growing demand for biopharmaceuticals, advancements in cell expression technologies, and rising investments in the healthcare sector.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 25.21 billion |
Market size value in 2031 | USD 57.06 billion |
Growth Rate | 9.5% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Cell Expansion Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cell Expansion Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cell Expansion Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cell Expansion Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35J2071
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