The increasing prevalence of chronic disorders along with increasing research and development activities are the major factors driving the cell expansion market.
Chicago, IL -- (SBWIRE) -- 02/20/2017 -- According to the new market research report, "Cell Expansion Market, by Products (Consumable, Instruments, Automated Cell Expansion System), Cells Types (Human, Animal), Applications (Regenerative Medicine and Stem Cell Research, Cancer, and Cell-Based Research), End-users (Biopharmaceutical and Biotechnology Companies, Research Institutes, Cell Banks) - Global Revenue, Trends, Growth, Share, Size and Forecast to 2022", published by Scalar Market Research, the global cell expansion market is expected to reach USD 18.74 billion by 2022, growing at a CAGR of 15.30% from 2016 to 2022. According to the report, the market is expected to be worth USD 7.96 billion in the year 2016.
The global cell expansion market report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key players, premium insights, technology trends and forecast to 2022. It also focuses on the key drivers and opportunities in this market.
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Key findings of the report:
The growing instances of various chronic diseases and disorders are expected to drive the research and development activities, driving the cell expansion market growth.
The rapid technological advancements and the strong rise in the government funding are also expected to be some of the major driving factors for the growth of the cell expansion market during the forecast period.
According to the report, the cell expansion market is also expected to witness major boost with the increasing cost-effective instruments used for cell-based research.
Flow cytometers projected to witness the fastest growth in the cell expansion market
According to the cell expansion market report, the flow cytometers are expected to dominate the product segment during the forecast period. The bioreactors are also expected to witness significant growth in the market in the next few years. The growing research and development activities are attributed as one of the major driving factors for these products during the forecast period.
Asia-Pacific region expected to dominate the cell expansion market
While the North America region is expected to hold the largest share of the global cell expansion market, the Asia-Pacific region is expected to grow at the fastest CAGR. This growth of the Asia-Pacific region is attributed to the rising demand, increased investments in the stem cell therapy market, and growth in the number of aging population.
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The cell expansion market report provides analysis of the key players, including:
Beckman Coulter, Inc.
Becton, Dickinson and Company
Thermo Fisher Scientific, Inc.
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