Cell Expansion Market 2023 : Trends, Business Growth And Major Driving Factors | Thermo Fisher Scientific Inc., Becton, Dickinson and Company, Lonza Group, Corning Inc., Merck KGaA

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Cell Expansion Global Market Report 2023 identifies 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.

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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Major players in the cell expansion market are 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, Inc., Beckman Coulter Inc., Takara Bio Inc., Replicell, Neximmune, and Celltainer Biotech.

A key trend in the Cell Expansion market includes the technological advancement is a key trend gaining popularity in the cell expansion market. Major market players are focusing on developing innovative technologies to fulfil particular needs and specialized research applications to strengthen their market position.

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The Cell Expansion market is segmented -
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.

The Business Research Company's "Global Cell Expansion Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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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

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