Cell Expansion Market to Exhibit Skyrocketing Expansion By 2026 Leading Players Merck KGaA, GE Healthcare, Becton, Dickinson and Company, Thermo Fisher Scientific, Inc.

Cell expansion is the large scale artificial production of daughter cells from a single cell, to support medical research. Rising preference for regenerative medicines offering faster results, and emergence of cell-based therapies with high patient compatibility are expected to fuel the cell expansion market during the forecast period (2017–2025). Regenerative medicine helps the body to form new functional tissue to replace defective or lost ones providing treatment for conditions with inadequate therapies. According to the U.S. Department of Health and Services, in 2016, NIH invested around US$ 1.5 billion in stem cell research projects. Increasing government and private sector expenditure on cell-based research therapies is expected to boost growth of the market for cell expansion in the near future. The number of FDA approvals for clinical trials of stem cell-based treatments is rapidly increasing. According to a report published by Pharmaceutical Research and Manufacturers of America, in 2013, around 69 cell therapies with clinical trials were under review with the FDA. The therapeutic classes represented in these trials include skin diseases, cardiovascular diseases, transplantations, eye conditions, cancer and associated conditions, musculoskeletal disorders, genetic disorders, and digestive disorders.

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Increasing incidence of chronic medical conditions is expected to boost growth of the cell expansion market over the forecast period

The increasing cases of chronic and rare medical conditions around the world is another key factor driving demand for cell expansion. For instance, according to World Health Organization (WHO), around 15 million people are projected to suffer from cancer by 2020. The rising prevalence of cancer, is in turn, expected to boost growth of the cell expansion market. Cell-based therapy is also a promising approach for treating chronic kidney disease and is presently the focus of preclinical studies. Recent advancements in regenerative medicine and tissue engineering have created cell-based approaches for the treatment of renal failure. Such treatments include biotechnological approach using implantation of bioengineered kidney constructs, transplanting cells, and bio-artificial renal systems. However, lack of high-tech instrumentation and skilled workforce coupled with the high cost of operations are expected to hamper growth of the cell expansion market.

Key players operating in the cell expansion market include;

• Becton
• Dickinson and Company
• Beckman Coulter, Inc.
• Corning, Inc.
• GE Healthcare
• Lonza
• Merck KGaA (Sigma-Aldrich Co. LLC)
• Miltenyi Biotec
• Thermo Fisher Scientific, Inc.
• Terumo BCT, Inc.
• Stemcell Technologies, Inc.

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Market Taxonomy:

On the basis of product type, the cell expansion market is segmented into:

Consumables
Reagents, Serum, and Media
Disposables
Equipment
• Cell Expansion Supporting Equipment
- Flow Cytometer
- Cell Counters
- Centrifuges
- Other Supporting Equipment
• Bioreactors
• Automated Cell Expansion Systems

On the basis of application, the cell expansion market is segmented into:

Regenerative Medicine and Stem Cell Research
Cancer and Cell-based Research
Others

On the basis of cell type, the cell expansion market is segmented into:

Human Cells
• Stem Cells
- Adult Stem Cells
- Induced Pluripotent Stem Cells
- Embryonic Stem Cells
• Differentiated Cells
Animal Cells

On the basis of end user, the cell expansion market is segmented into:

• Research Institutes
• Biopharmaceutical and Biotechnology Companies
• Cell Banks
• Others

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This release was published on openPR.