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Cell Separation Market Size, Share, Growth, Trends And Forecast 2024-2033
Cell Separation Market Size
According to The Business Research Company's, The cell separation market size has grown rapidly in recent years. It will grow from $11.31 billion in 2023 to $13.21 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to introduction of traditional techniques, emergence of flow cytometry, magnetic cell separation, development of gradient separation, early adoption in biomedical research.
The cell separation market size is expected to see rapid growth in the next few years. It will grow to $25.04 billion in 2028 at a compound annual growth rate (CAGR) of 17.3%. The growth in the forecast period can be attributed to integration of artificial intelligence (ai) and data analytics, investments in research and development, increasing demand in biopharmaceuticals, rise in stem cell research. Major trends in the forecast period include microfluidic technologies, emergence of novel separation technique, growing demand in biotechnology and research, focus on precision medicine, automation and high-throughput processing.
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Market Drivers and Trends:
Increasing number of patients suffering from cancer is significantly contributing to the growth of the cell separation market going forward. Cancer refers to a severe disorder in which the cells of the body reproduce fast and uncontrollably, resulting in abnormal growth. Cell separation is employed in cancer treatment to separate cancer tumor cells from regular cells in the body to examine and treat them. For instance, in September 2022, according to Cancer Australia, an Australia-based cancer control agency established to raise cancer awareness and aid cancer patients in Australia and its territories, the number of new cases of stomach cancer predicted to be identified in Australia in 2022 is 2,572 (1,661 males and 911 females). A person has a 1 in 114 (or 0.87%) probability of developing stomach cancer by the age of 85 in 2022 (1 in 1.1, or 87%, for men and 1 in 167, or 0.60%, for females). Therefore, an increasing number of patients suffering from cancer will drive the cell separation market.
Technological advancements is the key trend gaining popularity in the cell separation market. Major companies are focusing on developing new cell separation technology to increase throughput and optimize processes, thus, to gain a competitive advantage in the market. For instance, in September 2022, Akadeum Life Sciences, a US-based biotechnology company which develops buoyancy-based cell separation technology launched the Microbubble Leukopak Human T Cell Isolation Kit. This innovative research-only kit was created to provide scientists with a crucial solution to biological and lab workflow difficulties. The device combines the distinct features of microbubbles with a Buoyancy Activated Cell Sorting (BACSTM) Separation Tube, which has the potential to revolutionize large-volume cell separation procedures. The Microbubble Leukopak Human T Cell Isolation Kit employs microbubble technology which allows scientists to process up to twice the number of leukopaks in one-third the time of typical procedures, increasing productivity and optimizing operations.
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Major Key Players of the Market:
Becton, Dickinson and Company; Merck KGaA; Thermo Fisher Scientific Inc.; Bio-Rad Laboratories Inc.; Terumo Corporation; Miltenyi Biotec GmbH; Beckman Coulter Inc.; STEMCELL Technologies Inc.; PluriSelect Life Science UG and Co. KG; GE HealthCare Technologies Inc.; Philips Healthcare Informatics Inc.; Akadeum Life Sciences LLC; 10X Genomics Inc.; Carl Zeiss AG; Life Technologies Inc.; Danaher Corporation; Agilent Technologies Inc.; Corning Incorporated; F. Hoffmann-La Roche Ltd.; Alfa Laval AB; Sartorius AG; Bio-Techne Corp.; PerkinElmer Inc.; Invent Biotechnologies Inc.; Takara Bio Inc.; Lonza Group Ltd.; Promega Corporation; MagBio Genomics; Akadeum Life Sciences Inc.; MiCareo Inc.; Proteintech Group Inc.; QIAGEN NV
Cell Separation Market 2024 Key Insights:
• The cell separation market will grow to $25.04 billion in 2028 at a compound annual growth rate (CAGR) of 17.3%.
• Rising Cancer Incidence Fueling Growth The Role Of Cell Separation In Cancer Treatment
• Akadeum Life Sciences Unveils Cutting-Edge Microbubble Technology For Enhanced Throughput And Efficiency
• North America was the largest region in the cell separation market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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