Cell Isolation/Cell Separation Market 2024 - High Demand of Biopharmaceuticals and Personalized Medicine is boosting the market
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Increasing Stem Cell Research is Propelling the Growth of Market
According to National Institute of Health (NIH), in the U.S., around $1,273 million were spent in stem cell research in 2013 and further increased to $1,582 million in 2017. This growing stem cell research help to propel the cell-based research, thereby help in adoption of cell isolation/ separation consumables and instruments.
Cancer Research: One of the Major Applications in the Global Cell Isolation/Cell Separation Market
As per the data from Centers for Disease Control and Prevention (CDC), the number of deaths due to cancers was 575,000 in 2010 and is estimated to reach 630,000 in 2020 in the U.S. This is mainly due to unhealthy lifestyle, hereditary reason, and obesity. Early detection of cancer is one of the main targets among clinical applications. Thus, increasing number of cancer cases and deaths leads to rise in research for effective treatment, and thereby drive the global cell isolation/separation consumables and instruments market for research application.
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North America: Largest Regional Market
North America is expected to be the largest regional market, followed by Europe, Asia-Pacific, Latin America, and Middle East & Africa. This is mainly due to well-established healthcare system in the region, higher acceptance of advanced technologies, raising non-communicable diseases, rise in pharmaceutical & biotech research, higher stem cell research funding, and presence of key players. Moreover, Asia Pacific is expected to grow at a fastest CAGR due to rapidly developing economies, growing aging population coupled with the rising incidence of chronic diseases, on-going capacity expansions by pharmaceutical & biotechnology manufacturers, and investment from government & non-government bodies in biotechnology sector.
Thermo Fisher Scientific Inc. (U.S.), GE Healthcare (U.S.), Bio-Rad Laboratories Inc. (U.S.), Merck KGaA (Germany), Miltenyi Biotec (Germany), Becton, Dickinson and Company (U.S.), Beckman Coulter Inc. (U.S.), Terumo BCT, Inc. (U.S.), STEMCELL Technologies Inc. (Canada), pluriSelect Life Science UG & Co. KG (Germany), and Takara Bio Inc. (Japan) are some of the key players operating in this market.
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