Global Cell Separation Technologies Market booming at USD 3.82 Billion by 2021
Sarasota, FL -- (SBWIRE) -- 10/04/2017 -- Zion Market Research has published a new report titled "Cell Separation Technologies Market by Technology (Gradient Centrifugation and Separation Based on Surface Markers) for Stem Cell Research, Immunology, Neuroscience and Cancer Research: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2015 – 2021". According to the report, the global cell separation technologies market was valued at around USD 2.23 billion in 2015 and is expected to reach approximately USD 3.82 billion by 2021, growing at a CAGR of around 9.5% between 2016 and 2021.
Cell separation is an essential tool, which is broadly used in many strands of biomedical and biological research and in clinical therapy. Cell separation tool is used to separate specific cells from the heterogeneous cell mixture. Cell separation reagent allows the isolation of any cell from any species.
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The cell separation technologies market is expected to witness significant growth in the years to come. The market is mainly driven by growing aging population coupled with increasing incidences of chronic diseases such as cancer. Furthermore, increasing government support and strong growth in research & development activities targeting cell therapies is anticipated to fuel the cell separation technologies market growth in the coming years. However, the high cost of cell separation tools is expected to pose a threat to the market growth within the forecast period. Nonetheless, the noteworthy technological advancements over the decade and their adoption in the healthcare sector are expected to act as new growth opportunity during the forecast period.
Based on technology, cell separation market can be segmented into technology such as separation based on surface markers and gradient centrifugation. Separation based on surface marker technology is also bifurcated into Fluorescence Activated Cell Sorting (FACS) and Magnetic Activated Cell Sorting (MACS). In 2015, magnetically activated cell sorting was the leading segment due to the accuracy level and faster results provided. Some of the key technologies such as gradient centrifugation techniques and FACS, chromatography sieving, panning, and lab on a chip are currently under development.
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The global cell separation technologies market is segmented on the basis of application such as immunology, stem cell research, cancer research, and neuroscience research. The stem cell research segment accounted for the largest share in 2015. Rising demand for cell therapies and higher potential of stem cells have increased research and development activities within the stem cell research segment. Cancer research was another leading segment and is expected to propel the market growth in the years to come. This growth is mainly due to increasing incidences of cancer and other cell-based diseases worldwide.
In terms of geography, the market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. North America dominated cell separation technologies market with the largest share of the market as a result of surging R&D initiatives coupled with the high investments in the healthcare sector. In terms of revenue, North America closely followed by Europe in 2015. Europe held profitable share in terms of revenue in 2015 owing to various ongoing research & development activities. However, Asia-Pacific is projected to witness the fastest growth in the years to come on account of the developing economic status and rising demand for the R&D projects. Latin America and the Middle East & Africa is expected to show significant growth in the coming years. This growth is mainly due to increase awareness and demand for biologics and improvement in health care infrastructure.
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Some of the key players in cell separation technologies market include EMD Millipore, Mitenyi Biotec GmbH, BD Bioscience, and STEMCELL Technologies, Terumo BCT, pluriSelect GmbH, and Thermo Fisher Scientific, Inc.
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