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Cell Separation Technologies Market Trends, Surging Demand, Detailed Analysis, And Forecast To 2033
Cell Separation Technologies Market Trends
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According to The Business Research Company's, The cell separation technologies market size has grown rapidly in recent years. It will grow from $8.64 billion in 2023 to $10.07 billion in 2024 at a compound annual growth rate (CAGR) of 16.5%. The growth in the historic period can be attributed to increased demand for personalized medicine, high cases of chronic diseases, increased funding for life sciences research, expanded biotechnology industry, technological innovations, and high applications in regenerative medicine.
The cell separation technologies market size is expected to see rapid growth in the next few years. It will grow to $18.69 billion in 2028 at a compound annual growth rate (CAGR) of 16.7%. The growth in the forecast period can be attributed to rising investments in regenerative medicine research, expanding applications in cancer diagnostics and treatment, growing prevalence of chronic diseases driving demand for cell-based therapies, the emergence of novel cell separation techniques, and regulatory support for cell therapy development and commercialization. Major trends in the forecast period include the integration of artificial intelligence and machine learning, the rise of microfluidic-based platforms, the development of point-of-care cell separation devices, increased focus on label-free separation techniques, adoption of single-cell isolation technologies, expansion of applications in regenerative medicine and stem cell research, and the emergence of novel cell sorting methods.
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Market Drivers and Trends:
The surge in the prevalence of chronic diseases is expected to propel the growth of the cell separation technology market. Chronic diseases are problems that last a year or longer, necessitating continuing medical care, restricting everyday activities, or both. Cancer, heart disease, stroke, diabetes, and arthritis are among the most common chronic diseases. The prevalence of chronic diseases is due to a rise in modifiable lifestyle choices, social inequities, infections, genetics, autoimmunity, and mental health issues. Cell-separation technologies help advance treatments for chronic diseases by providing a solution for isolating cancer cells, immune cells, and other relevant cell types. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, it was projected that by the year 2050, the number of individuals aged 50 years and older who have at least one chronic illness will surge by 99.5%, rising from 71.522 million in 2020 to 142.66 million. Therefore, the surge in the prevalence of chronic diseases is driving the growth of the cell separation technology market.
Major companies operating in the cell separation technologies market are focusing on developing advanced technologies such as automated cell isolation technology to enhance precision, increase efficiency, and streamline cell sorting and therapy development workflows. Automated cell isolation technology involves using automated equipment to separate specific cells from a mixed cell population. For instance, in October 2022, Thermo Fisher Scientific, a US-based medical equipment, analytical instruments, reagents, and consumables company, introduced the Gibco CTS DynaCellect Magnetic Separation System. It is an automated, closed system that facilitates precise cell isolation, activation, depletion, and removal of Dynabeads magnetic beads. It aims to help cell therapy developers transition seamlessly from clinical development to commercial production, offering scalability, flexibility, and a comprehensive end-to-end solution.
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Major Key Players of the Market:
Sony Corporation, Merck KGaA, Thermo Fisher Scientific Inc., Danaher Corporation, Becton Dickinson and Company, GE HealthCare Technologies, Corning Incorporated, Lonza Group, Sartorius AG, Bio-Rad Laboratories Inc., Pall Corporation, Eppendorf AG, Miltenyi Biotec B.V. & Co. KG, Stemcell Technologies Inc., 10X Genomics Inc., Cytena GmbH, Pluriselect GmbH, Akadeum Life Sciences Inc., Cellenion, NanoCellect Biomedical Inc.
Cell Separation Technologies Market 2024 Key Insights:
• The cell separation technologies market size is expected to see rapid growth in the next few years. It will grow to $18.69 billion in 2028 at a compound annual growth rate (CAGR) of 16.7%.
• Cell Separation Technology Market Thrives On Rising Chronic Disease Prevalence
• Advanced Cell Isolation Technology Enhances Precision And Efficiency In Therapy Development
• North America was the largest region in the cell separation technologies market in 2023
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