Cell Harvesting Systems Market: Increasing demand for stem cell transplantation along with stem cell-based therapy to drive the market
Cell Harvesting Systems: Introduction
- Cell harvesting is a procedure in which stem cells are harvested to restore, replace, or repair the weakened organ with good working ones. In the biopharmaceutical industry, cell harvesting is viewed as an essential step that can directly impact the quality of the drug and related downstream processes. The harvesting of stem cells assists in the diagnosis of illnesses such as tumors, multiple accidents, immune deficiency illnesses, and blood disorders. This therapy is also helpful for burn victims and allows them to graft new skin cells as a replacement for damaged ones.
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Market Dynamics of Global Cell Harvesting Systems Market
- High Cases of Bone Marrow Transplantation and Chronic Diseases
- The global cell harvesting systems market has been witnessing significant expansion for the last 25 years. Bone marrow transplantation is a highly important factor that is likely to drive the development of cell harvesting system during the forecast period. Rise in incidence of blood cancer further boosts the demand for bone marrow transplantation and consequently, the demand for cell harvesting. Moreover, according to the 2018 study of The Leukemia & Lymphoma Society, an estimated 174,250 people in the U.S. are expected to be diagnosed with leukemia, lymphoma, or myeloma in 2018. Awareness about stem cells and their advantages, which are useful in the treatment of different disorders, has also increased.
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- Various technological advances are also expected to fuel the development of new and better technologies with better results, which are estimated to propel the cell harvesting systems market during the forecast period. High price, lack of reimbursement policies, and immune rejection are key factors that are expected to hamper the global cell harvesting systems market.
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Cell Harvesting Systems Market: Segmentation
- Global cell harvesting systems market can be segmented based on technique, application, and end-user.
- Based on technique, the global cell harvesting systems market can be classified into altered nuclear transfer and blastomeric extraction
- Based on application type, the global cell harvesting systems market can be segregated into bone marrow, peripheral blood, umbilical cord blood, and adipose tissue
- Based on end-user, the global cell harvesting systems market can be split into research centers, academics institutes, diagnostic labs, and hospitals
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Asia Pacific Cell Harvesting Systems Market to Expand Rapidly
- In terms of region, the global cell harvesting systems market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Demand for cell harvesting systems was significantly high in North America in 2019 followed by Europe. A highly developed healthcare infrastructure, higher acceptance ratios for newly developed technologies, and a high rate of awareness about different cancers and available treatments and technologies drive the cell harvesting systems market in North America. Asia Pacific is expected to be a lucrative market for cell harvesting systems due to incidence of chronic diseases and increasing demand for stem cell transplantation along with stem cell-based therapy. Japan and China are the biggest markets for harvesting systems in Asia Pacific.
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