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Global Cell Expansion Market, Channel Analysis, Potential Growth 2023-2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Cell Expansion Market Size, Growth Rate, And Forecast
The global cell expansion market size is expected to grow from $21.39 billion in 2022 to $24.60 billion in 2023 at a compound annual growth rate (CAGR) of 15%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cell expansion market size is expected to reach $42.20 billion in 2027 at a CAGR of 14.4%.
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Cell Expansion Market Drivers
The increasing incidence of chronic diseases is expected to propel the demand for cell expansion market going forward. Chronic diseases are long-lasting illnesses that often cannot be healed; however, they are occasionally curable and controllable. Chronic diseases are increasing due to increased use of tobacco products, poor nutrition, physical inactivity, excessive alcohol use, and others. Cell expansion helps replenish nutrients while preventing the accumulation of toxic metabolic waste products that could impair culture performance.
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Cell Expansion Market Segments
1) By Cell Type: Mammalian, Microbial, Other Cell Types
2) By Product: Consumables, Reagents, Media, Serum, Disposables, and Instruments
3) By End-Use Outlook: Biopharmaceutical & Biotechnology Companies, Research Institutes, Cell Banks, Other End-Users
4) By Application Outlook: Biopharmaceuticals, Tissue Culture & Engineering, Vaccine Production, Drug Development, Gene Therapy, Cancer Research, Stem Cell Research, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Cell Expansion market.
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Cell Expansion Market Key Players
Major competitors in the Cell Expansion market include Thermo Fisher Scientific Inc., Becton, Dickinson and Company, Lonza Group, Corning Inc., Merck KGaA, Sartorius Stedim Biotech, Terumo Corporation, Miltenyi Biotec, Danaher Corporation, Stemcell Technologies
The Table Of Content For The Cell Expansion Market Include:
1. Executive Summary
2. Cell Expansion Market Characteristics
3. Cell Expansion Market Trends And Strategies
4. Cell Expansion Market - Macro Economic Scenario
5. Cell Expansion Market Size And Growth
……
27. Cell Expansion Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cell Expansion Market
29. Cell Expansion Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Cell Expansion Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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