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What is the Current Market Size and Forecasts of Cell Isolation Market? Learn The Investment Strategy Of Market Players To Increase Business Growth

04-24-2019 10:40 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: P&S Intelligence

What is the Current Market Size and Forecasts of Cell Isolation

Global cell isolation market size is expected to reach $12.6 billion by 2023. The market is mainly driven by rising demand for biopharmaceuticals, increasing government funding for cell-based research, and growing research on personalized medicine.

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The cell isolation market is also categorized into human cells and animal cells. During the forecast period, the market is expected to witness higher growth in human cell isolation, with a CAGR of 19.9%. Advancements in stem cell technologies for the treatment of various diseases are expected to drive the cell isolation market growth for this category.

Based on technique, the market is categorized into centrifugation, surface marker, and filtration. Centrifugation technique is expected to continue generating the largest revenue in the cell isolation market in the coming years. The technique contributed 42.2% share to the market in 2017. This can be mainly attributed to the lower cost of the centrifugation technique as compared to other techniques.

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In order to increase their market share, key players of the cell isolation industry are developing cost-effective and at-home therapy products. For instance, in August 2016, GE Healthcare entered into an agreement with STEMCELL Technologies Inc. to provide T-Cell reagents for commercial-scale cell therapy production. GE Healthcare agreed to commercialize cGMP-grade versions of STEMCELL Technologies’ T-Cell reagents for the isolation, activation, and culture of T-cells in clinical applications.

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Some of the other key players operating in the cell isolation industry are Terumo Corporation, General Electric Company, pluriSelect Life Science UG (haftungsbeschränkt) & Co. KG, Danaher Corporation, Merck KGaA, Miltenyi Biotec GmbH, and Becton, Dickinson and Company.

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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