Cell Expansion Market Size, Share, Growth Analysis, By Product(Consumables, Culture Flasks & Accessories, Instruments), By Cell Type(Mammalian, Microbial, Others), By Region - Industry Forecast 2024-2031

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.