Cell Harvesting Systems Market Analysis, Size, Share, Growth, Trends, and Future Forecast to 2018-2023 | Global Key Player: Avita Medical, Tomtec, Terumo Corporation, Perkin Elmer, Argos Technologies, Bertin Technologies, Arthrex, and Thomas Scientific

Cell Harvesting Systems Market Overview:

Cell harvesting is a technique where stem cells are utilized in regeneration and transplanting the damaged organs with healthy ones. Cell harvesting technique is expected to lead in the future of biopharmaceutical industry with a wide scope ranging from the regeneration of skin in burn victims to treating cancers.

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The increasing demand for cell regeneration as a treatment for chronic conditions is a key driver behind the growth of the Cell Harvesting market. Other factors like increasing stem cell transplantation rate and rising investment in stem cell research also have a positive impact on the growth of the Cell Harvesting market. However, the cumbersomeness of the treatment, complications arising during the cell harvesting, high cost, and subsequent lack of sufficient reimbursement policies prove to be restraining the growth of the market.

Cell Harvesting Systems Market Size:
According to Market Data Forecast, The Global Cell Harvesting Systems Market size was around USD 3.8 billion in 2018. It is expected to grow at a CAGR of 13.7% to reach USD 7.2 billion by 2023.

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Cell Harvesting Systems Market Segmentation:

The market is segmented by application, by end-user, and by the technique. According to type, the market is sub-segmented into Bone Marrow, Umbilical Cord, Adipose Tissue and Peripheral Blood. The application segment is dominated by Peripheral Blood and is forecast to maintain its dominance in the years to come. Under end-user, the market of further categorized into Academic Institutes, Hospitals, Diagnostic Labs and Research Institutes. Because a major part of cell harvesting for stem cell regeneration is done in hospitals, hospitals lead the end-user segment of the market and are expected to retain its top position in the forecast period. The growth of stem cell harvesting in academic institutes is also estimated to be fuelled by the rise in research on cell harvesting. By technique, the market is further classified into blastomeric Extraction and Altered Nuclear Transfer.

The market is also segmented geographically into Asia Pacific, Europe, Middle East & Africa, Latin America, and North America. Given the higher rate of stem cell research and transplantation, North America and Europe dominate the Cell Harvesting Systems market. Increase in the prevalence of cancer and the rise in the aging population also propels the market growth in these areas.

Key Developments in the Market:

• Terumo BCT will expand access to Stafact software to healthcare organizations. The software meets the needs of therapeutic aphaeresis and cellular therapy procedures, including hematopoietic cell transplantation and immune effecter cellular therapy.

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Major Companies Dominating the Global Cell Harvesting Systems Market are:

• Avita Medical
• Tomtec
• Terumo Corporation
• Perkin Elmer Inc
• Argos Technologies Inc
• Bertin Technologies
• Arthrex Inc
• Brand GmBh
• Thomas Scientific
• Tereflex Inc

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