Albany, NY -- (SBWIRE) -- 06/24/2014 -- According to a new market report published by Transparency Market Research “Cell Separation Technologies Market (Technology: Gradient Centrifugation, MACS and FACS; Application: Stem Cell Research, Immunology, Neuroscience and Cancer Research) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, the global cell separation technologies market was valued at USD 1.7 billion in 2012 and is expected to grow at a CAGR of 9.7% from 2013 to 2019, to reach an estimated value of USD 3.3 billion in 2019.
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Cells play an important role in the field of microbiology, biotechnology and bioscience which have wide application in pharmaceuticals and healthcare industries. Taking into consideration the increasing demand for cell therapies to treat chronic diseases, research activities targeting cellular therapies have increased tremendously in the last decade. Growth in cell therapy oriented research has escalated demand for cell separation technologies worldwide.
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Out of the various types of technologies available in the market, magnetic activated cell sorting (MACS) technology was the major technology segment in 2012, with market share of more than 42.5% in the global cell separation technologies market. Further, fluorescence activated cell sorting (FACS) technology is estimated to capture the market share of rest of the technology segments during the forecast period owing to increased adoption of fluorescence activated cell sorting technology into cell purity sensitive research areas. It is estimated that the global FACS market will reach USD 1,078.5 billion in 2019 growing at a CAGR of 13.9% from 2013 to 2019.
Stem cell research was the major application segment by revenue in the cell separation technologies market in the year 2012. Rising demand for cell therapy and predictable potential of stem cells in the chronic disease treatment have raised the stem cell research activities globally and thereby has resulted in swift growth of the overall cell separation technologies market.
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Geographically, North America was the market leader in the global cell separation technologies market in 2012 mainly owing to availability of research funds, highly developed research infrastructure and higher rates of adoption of newer technologies in the practice. Further, growth of the North American cell separation technologies market is driven by factors such as technological advancement, higher healthcare spending and availability of supportive economy to conduct research. In addition, Asia-Pacific is estimated to be a potential market due to rapidly developing healthcare infrastructure on the basis of rapidly increasing medical tourism industry in the Asian countries, mainly in India and Malaysia, increased government support for biotech research and development and large pool of patients suffering from chronic diseases. Some of the key participants operating in this market include BD Bioscience, EMD Millipore, Mitenyi Biotec GmbH, and STEMCELL Technologies and Life Technologies
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