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Cell Harvesting Global Market Top Companies, Trends and Future Prospects Details for Business Development 2033
Cell Harvesting Global Market
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According to The Business Research Company's, The cell harvesting market size has grown strongly in recent years. It will grow from $10.07 billion in 2023 to $10.77 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to increased prevalence of chronic diseases, rising investments in research and development, expanding applications in regenerative medicine.
The cell harvesting market size is expected to see strong growth in the next few years. It will grow to $14.09 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to increasing incidence of diseases, aging population trends, widening applications in therapeutics, strategic collaborations. Major trends in the forecast period include technological advancements, product innovations, regulatory landscape, market competition, global market expansion.
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Market Drivers and Trends:
The rising prevalence of cancer is expected to propel the growth of the cell harvesting market going forward. Cancer is a group of diseases characterized by the uncontrolled and abnormal growth of cells, often forming a mass or lump called a tumor. The increasing occurrence of cancer drives demand for cell harvesting, playing a pivotal role in research initiatives, diagnostic applications, therapeutic development, and advancing the overall understanding of cancer biology, thereby propelling the growth of the cell harvesting market as a crucial component in diverse aspects of cancer-related research and medical interventions. For instance, in January 2022, according to research published by the American Cancer Society, a US-based health organization, in the US, 609,360 cancer deaths and 1.9 million new cancer cases are anticipated in 2022. It is about 1,670 fatalities each day. Therefore, the rising prevalence of cancer is driving the growth of the cell harvesting market.
Technological advancements are a key trend gaining popularity in the cell harvesting market. Major players are concentrating their efforts on creating innovative technologies to sustain their position in the cell harvesting market. For instance, in September 2022, Thermo Fisher Scientific Inc., a US-based scientific manufacturing company, launched the DynaSpin Single-Use Centrifuge System based on DynaSpin technology. The technology is specially created to offer the best single-use answer for extensive cell culture collection and offer centrifugation for cell harvesting. The DynaSpin system helps biological producers achieve their sustainability targets while lowering overall production costs. This device delivers up to a six-fold decrease in material requirements, eliminating 70% of waste compared to conventional harvest systems by lowering the number of filters needed for harvesting for the production of biologics.
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Major Key Players of the Market:
PerkinElmer Inc., Connectorate AG, Sartorius AG, Terumo Corporation, Cox Scientific Ltd., AVITA Medical Inc., Tomtec Inc., Teleflex Incorporated, Arthrex Inc., Antylia Scientific, Danaher Corporation, Bertin Technologies Group, Merck & Co. Inc., Eurofins Scientific SE, Agilent Technologies Inc., Pall Corporation, Thermo Fisher Scientific Inc., Scinomix Inc., Brandel Co., ADSTEC Corporation, Thomas Scientific Inc., Miltenyi Biotec Technology & Trading Co. Ltd., Terumo BCT Inc., Bertin Pharma SAS, GE Healthcare, Argos Technologies Inc., Esco Lifesciences Group, ReproCell Inc., CESCO Bioengineering Co. Ltd.
Cell Harvesting Market 2024 Key Insights:
• The cell harvesting market size is expected to see strong growth in the next few years. It will grow to $14.09 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
• Elevated Incidence Of Chronic Diseases Fuels Growth In The Cell Harvesting Market
• Innovative Technological Advancements Propel Growth In The Cell Harvesting Market
• North America was the largest region in the cell harvesting market share in 2023
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