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Soaring Growth Predicted for Global Cell Expansion Market: Key Insights, Companies, and Forecasts 2024-2029
Cell Expansion Market
Projected Market Size and Growth Rate of the Global Cell Expansion Market:
• The cell expansion market has grown rapidly in recent years, going from $28.11 billion in 2024 to $32.22 billion in 2025 at a compound annual growth rate (CAGR) of 14.6%.
• This growth can be attributed to factors such as rising public awareness, expanding cell-based research applications, and advancements in regenerative medicine.
• The market is predicted to surge even more in the future, reaching a remarkable $59.14 billion in 2029 at a CAGR of 16.4%.
• Key drivers of this growth include increasing investments in biotechnology, expanding stem cell research, and a rise in demand for personalized medicine.
What is Driving the Growth in the Cell Expansion Market?
The increasing incidence of chronic diseases is expected to propel the demand for cell expansion. Chronic diseases are often long-lasting and occasionally incurable but they are controllable. The rise of chronic diseases is attributed to factors such as increased use of tobacco products, poor nutrition, physical inactivity, and excessive alcohol use. Cell expansion replenishes nutrients and prevents the accumulation of toxic metabolic waste products that could impair culture performance. For instance, according to the National Center for Biotechnology Information (NCBI), the number of individuals aged 50 years and above who have at least one chronic illness is projected to surge by 99.5%, rising from 71.522 million in 2020 to 142.66 million by 2050.
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Who Are the Key Players Driving Cell Expansion Market Growth?
• Thermo Fisher Scientific Inc.
• Becton Dickinson and Company
• Lonza Group
• Corning Inc.
• Merck KGaA
• Sartorius Stedim Biotech SA
• Terumo Corporation
• Miltenyi Biotec GmbH
• Danaher Corporation
• Stemcell Technologies Inc.
What Are The Key Trends In The Cell Expansion Market?
• Technological advancements
• Product innovations
• Strategic collaborations
What Are The Segments Of The Global Cell Expansion Market?
• By Cell Type: Mammalian, Microbial, Other Cell Types
• By Product: Consumables, Reagents, Media, Serum, Disposables, Instruments
• By Application: Biopharmaceuticals, Tissue Culture And Engineering, Vaccine Production, Drug Development, Gene Therapy, Cancer Research, Stem Cell Research
• By End-user: Biopharmaceutical And Biotechnology Companies, Research Institutes, Cell Banks
Which Region Leads The Cell Expansion Market?
North America was the largest region in the cell expansion market share in 2024. However, in the future, Asia-Pacific is expected to outpace other regions in terms of growth rate.
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What Is Covered In The Cell Expansion Market Global Market Report?
- Market Size Analysis: Analyze the Cell Expansion Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cell Expansion Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cell Expansion Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cell Expansion Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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