Cell expansion Market Growth Report 2021 to 2031
The Cell Expansion Market size is projected to reach US$ 67.94 billion by 2031 from US$ 18.43 billion in 2023. The market is expected to register a CAGR of 15.60% in 2023–2031. The significantly growing research in drug discovery activities are likely to remain a key cell expansion market trend.
Cell Expansion Market Analysis
Cell expansion is an important and invariable part of regenerative medicine. On the basis of study and investigation, desired regeneration techniques involve cell expansion procedures to develop the tissue. It helps to understand how to treat injuries and diseases from broken bones to neurodegenerative diseases. Advancements in regenerative medicine industry, and rising demand for cell-based therapies is expected to boost the Cell Expansion market growth over the forecast period.
Cell Expansion Market Overview
Cell expansion is an important technology widely utilized in stem cell and regeneration medicine. Cell development has multiple potential applications that include drug testing and development, development of cell-based therapy, cancer tissue research and others. The rising prevalence of chronic diseases cancers, cardiovascular disorders fuel the demand of cell expansion technologies which boosts the growth of the Cell Expansion market.
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Cell Expansion Market: Strategic Insights
Market Size Value in US$ 11,929.43 Million in 2018 Market Size Value by US$ 42,837.11 Million by 2027 Growth rate CAGR of 15.6% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Cell Expansion Market: Strategic Insights
| Market Size Value in | US$ 11,929.43 Million in 2018 |
| Market Size Value by | US$ 42,837.11 Million by 2027 |
| Growth rate | CAGR of 15.6% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Cell Expansion Market Drivers and Opportunities
Ascension of Regenerative Medicine Industry to Favor Market
Cell expansion is a fundamental technology in research and development in regenerative medicine. Regenerative medicine utilizes the current methods and research to revive and replace dead or damaged tissue with the use of stem cells, including embryonic, adult, and induced pluripotent stem cells (iPS). Stem cells have a central role in the generating therapeutic cells and personalized medicine.
Additionally, various initiatives undertaken at the international level to increase the use of stem cells for regenerative medicine contributes to the growth of regenerative medicine industry. Japan and UK initiated a program named the UK-Japan Regenerative Medicine and Stem Cell Research Initiative that aims at providing funding for nearly eight collaborative research projects that build upon fundamental insights and initial early-stage discoveries to advance regenerative approaches towards clinical use in the future and to utilize stem cells as medical research tools.
Developments in the Middle-Income Countries
The emerging markets in the developing countries are creating better opportunities for significant market players to expand their business. Most of the major players focus on emerging markets including India, China, Australia among others owing to large number of chronic diseases such as cancer and growing medical tourism in developing countries. Many of the emerging countries are facilitated with high technology-based research facilities and advanced life science studies.
Cell Expansion Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Cell Expansion market analysis are product, cell type, application, and end user.
- Based on product, the cell expansion market is divided into consumables and instruments. The consumables segment held a larger market share in 2023.
- Based on cell type, the market is bifurcated into human cell and animal cell. The human cell segment held a larger market share in 2023.
- In terms of application, the market is segmented into regenerative medicine & stem cell research, cancer and cell-based research, and other applications. The regenerative medicine & stem cell research segment dominated the market in 2023.
Cell Expansion Market Share Analysis by Geography
The geographic scope of the Cell Expansion market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
In North America, the market is currently in the growth phase and experiencing exponential growth. The rising prevalence of chronic and congenital medical conditions, coupled with the availability of research funding, are expected to fuel the cell expansion market growth. In the US several initiatives in the field of stem cell therapies have been taken. The stem cell gene therapy can be used for treating various chronic and rare disorders. For instance, the stem cell gene therapy developed by UCLA researchers provides a cure for babies born with severe combined immunodeficiency (SCID) associated with adenosine deaminase (ADA) deficiency, which is a rare and life-threatening condition that can prove to be fatal within the first year of life, if left untreated.
Cell Expansion Market Report Scope
Cell Expansion Market News and Recent Developments
The Cell Expansion market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:
- In May 2023, Akadeum launched new products for cell therapy research and development that enable direct leukopak human immune cell isolation and T-cell activation/expansion kits at the American Society of Gene + Cell Therapy’s 26th Annual Meeting held in Los Angeles from May 16-20, 2023. These products expand company’s lineup of BACS Microbubble buoyancy-based cell isolation kits, allowing researchers to directly isolate T cells and peripheral blood mononuclear cells from leukapheresis material, without the need for lysis or density gradient centrifugation. (Source: Akadeum Life Sciences, Press Release)
- In September 2022, Terumo Blood and Cell Technologies (Terumo BCT) launched Quantum Flex Cell Expansion System, a bioreactor platform that supports process development through to commercial manufacturing for the cell and gene therapy (CGT) sector. Quantum Flex provides earlier automation, enabling developers to complete their early process development on the same platform they will use for manufacturing. This reduces cost and risk of unanticipated process deviations in later phases of clinical trials. (Source: Terumo Blood and Cell Technologies, Newsletter)
Cell Expansion Market Report Coverage and Deliverables
The “Cell Expansion Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:
- Cell Expansion Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Cell Expansion Market trends
- Detailed PEST and SWOT analysis
- Cell Expansion market analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments
- Cell Expansion Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; Cell Type ; Application ; End User , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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