Cell Expansion Market by Manufacturers, Regions, Type and Application 

Scope of the Report:

This report focuses on the Cell Expansion in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report segments the market on basis of type, application, manufacturers, and geography.

About Report:

The report Cell Expansion Market by Manufacturers highlights the current market dynamics of Cell Expansion market. The effectiveness of this segment has been studied along with the challenges and future growth opportunities and potential. The report focuses in helping the decision making process and supports to create effective counter strategies in order to achieve competitive edge. Current market condition of the segment and forecasts of the market situation have also been discussed in this market report. The report is made after a completely studying the market and all opportunity and key challenges. Lastly, the report states several key factors, company profile, product listing, sales analysis and revenue generation of Cell Expansion segment during the forecast period. 

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According to Stratistics MRC, the Global Cell Expansion market is expected to grow from $8.57 billion in 2016 to reach $28.30 billion by 2023 with a CAGR of 18.6%. Rising high prevalence of chronic diseases, increasing government funding for research, soaring company investments for the development of cell-based products and technological advancements in cell expansion techniques are the major factors driving the market growth. However, high cost of operation required for cell expansion techniques and ethical concerns hamper the growth of the market.

By product, cell expansion supporting equipment segment is divided into flow cytometer, centrifuges, cell counter, and other supporting equipment. Cell expansion technology has emerged as a promising therapeutic solution for brain and spinal cord injuries, neurodegeneration, cardiovascular disorders, blood cell formation, diabetes, and a myriad of other conditions. It is also used to diagnose some types of tumors, and used in the production of regenerative medicines.

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Geographically, North America dominates the cell expansion market owing to the rapid growth in the number of patients suffering from chronic diseases the market is expected to witness huge growth in this region.

Some of the key players in the Cell Expansion market include GE Healthcare, Becton, Dickinson and Company, Thermo Fisher Scientific, Inc, Miltenyi Biotec, STRYKER CORP, Merck KGAA, MEDTRONICS’S PLC, Corning, Inc, Terumo BCT Inc, Beckman Coulter Inc, Sigma-Aldrich Corporation, Stemcell Technologies and Lonza Group Ltd.

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This release was published on openPR.