The Global Cell Expansion Market Continues To Grow Owing To the Expansion of Biotechnology All Over the World Along With the Increasing Requirements for Regenerative Medicines
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Cell expansion can take place in one of two ways. One way cell growth occurs when a cell is forced to divide into two new cells. The other way cell growth happens is, once a cell replicates itself to form a new generation of cells. This new generation of cells is what forms the body and many of the organs in the human body including the eyes, brain, kidneys, lungs, liver, intestines, and other areas. When a cell duplicates itself, it also produces a waste product that must be removed from the cell. The waste product is known as free radicals that are harmful to the cells around the cell. If the free radicals are allowed to grow unchecked the body can become unhealthy. The use of anti-aging products and nutritional supplements can help control cell growth and maintain healthy cell growth. However, there is a lack of skilled workforce and high tech instrumentation in the biotech field, hence these along with the high cost of the cell expansion operations are posing as a threat to the growth of the global cell expansion market.
Biotechnology is developing very rapidly in North America, for which the region is experiencing high demand in the cell expansion market. For instance, according to Biotechnology Innovation Organization, there are currently more than 450 public biotech companies in the U.S., with another 2,336 biotech companies practicing privately. Moreover, the federal government has been making continuous investments for better stem cell research processes and the development of regenerative medicines, which is aiding the growth of the cell expansion market.
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Major industry players use merger and acquisitions as their major growth strategy
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., and Stemcell Technologies, Inc.
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