Increase in prevalence of chronic diseases, surge in government support and investment for cell-based therapies, and rise in focus on R&D for cell-based therapies are expected to drive the growth of the cell expansion market.
Increase in prevalence of chronic diseases, surge in government support and investment for cell-based therapies, and rise in focus on R&D for cell-based therapies are expected to drive the growth of the cell expansion market.
The global cell expansion market was valued at $13.06 billion in 2020, and is projected to reach $39.03 billion by 2030, registering a CAGR of 11.6 % from 2021 to 2030.
Cell expansion is a large-scale artificial production of daughter cells from a single cell to support medical research. The process of cell expansion is being used for several applications, which include microlevel research of cells, screening of drugs, therapeutic development, and others. In the present era, cell expansion can be used broadly in cell transplantation procedure and in treatment of various diseases, such as diabetes, RA (rheumatoid arthritis), and cancer.
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Covid-19 Scenario
- During the Covid-19 pandemic, the demand for cell expansion products such as consumables including sera, media, and reagent and instrument increased considerably.
- As per the WHO ICTRP and the NIH ClinicalTrials.gov databases, 27 clinical investigations regarding MSC-based cell therapy approaches started in China since the outbreak of the COVID-19. Moreover, there has been a huge number of academic and industry trials conducted across the world.
- Stem cell research is one of the crucial applications of cell expansion and stem cell-based therapies showed considerable potential in studying Covid-19. So, the market for cell expansion experienced a positive impact.
Expansion of cells is a pre-requisite for stem cells or fully differentiated cell populations to be genuinely advantageous or useful in their utility as drug screening tools or even for core research purposes. Cell expansion requires the synthesis of new cell wall material and controlled loosening of the wall to allow it to stretch and increase in area. Cell expansion in bioreactors is a controlled process and requires controlled environmental conditions such as regulated gas content for the extension of the cells, monitored flow rates, ambient temperature, pH, agitation of cells, and controlled flow of cells.
The report offers detailed segmentation of the global mother and child healthcare market based on application, end user, and region.
Based on application, the tissue designing and regenerative medication fragment represented the most noteworthy offer in 2020, added to almost two-fifths of the global cell expansion market, and is relied upon to proceed with its authority status during the gauge time frame. This is because of ongoing headways and expanded financing for this application. Notwithstanding, the malignant growth research portion is assessed to witness the most elevated CAGR of 12.7% from 2021 to 2030, attributable to flood in commonness of disease and cancer-related research.
Based on end user, the drug and biotechnology organizations fragment held the most noteworthy offer in 2020, adding to more than three-fifths of the global cell expansion market, and is assessed to keep up with its lead position during the conjecture time frame. Also, this section is projected to show the quickest CAGR of 12.3% from 2021 to 2030. This is credited to expanding the skyline of cell-based therapeutics in the medical services industry, high weight of ongoing sicknesses, and ascend in R&D exercises in the drug and biotechnology ventures. The exploration likewise investigates the portions including research foundations and others.
Based on region, North America accounted for the highest market share in terms of revenue in 2020, accounting for more than two-fifths of the global cell expansion market, and is expected to continue its dominance by 2030. This is due to development of animal-component free media, presence of automated cell culture system, and well-established healthcare demand for the biopharmaceutical products. Asia-Pacific is projected to portray the fastest CAGR of 13.2% during the forecast period, owing to constant expansion of the healthcare infrastructure, economic development, and low operating costs.
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The Major Key Players Are:
Becton, Dickinson and Company, Corning Incorporated, Eppendorf, Sartorius AG, Merck KGaA, Lonza Group AG, PromoCell GmbH, Danaher Corporation, Thermo Fisher Scientific, and HiMedia Laboratories.
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