The global cell expansion market is expected to expand at an impressive CAGR of 14.7% between 2016 and 2024. Expanding at this pace, the market will reach a valuation of US$26 billion by 2024-end from US$7.737 billion in 2015.
Albany, NY -- (SBWIRE) -- 07/24/2017 -- The global cell expansion market is witnessing rapid growth due to the increasing prevalence of rare and chronic conditions and also the continued growth in demand for bio-pharmaceuticals. Increasing demand for drugs medicines that provide quick results and cell-based therapies which have high patient compatibility also contribute towards the growth of the cell expansion market. A new research report with a title "Cell Expansion Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024" has been recently added to the vast online repository of Market Research Reports Search Engine (MRRSE). This report on cell expansion market analyzes its current status as well as future prospects of the market across the globe.
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The global cell expansion market is expected to expand at an impressive CAGR of 14.7% between 2016 and 2024. Expanding at this pace, the market will reach a valuation of US$26 billion by 2024-end from US$7.737 billion in 2015. The report provides market size in terms of US$ billion for each market segment for the period from 2016 to 2024, taking the macro and micro environmental aspects in consideration. Growth rates for each segment in the cell expansion market are evaluated after a comprehensive analysis of past and future trends, technological developments, regulatory requirements and demographics. A detailed analysis of factors responsible for driving and restraining market growth and future opportunities is provided in the report. The report also includes market attractiveness analysis which offers a complete analysis of the overall competitive scenario in the global cell expansion market.
The cell expansion market has segmented into four categories, namely by type of cells, by end-user, by product and by region. Based on type of cell, the global market is segmented into Human Cells, Stem Cells, Differentiated Cells and Animal Cells. On the basis of type of product, the market segments include Instruments, Consumables and Disposables. The prominent end-user of the global cell expansion market are Hospitals, CMO & CRO, Biotechnology & Pharmaceutical Companies and Academic & Research Institutes. Geographically, the global cell expansion market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Additionally, these regions are further segmented in terms of major countries in each region. Which include China, Japan, India, the U.S., Canada, the U.K., Germany, France, Italy, Spain, Saudi Arabia, UAE, Brazil, and Mexico.
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The report also profiles key players in the cell expansion market in terms of various attributes such as financial overview, company overview, SWOT analysis, key business strategies, product portfolio, and major recent developments. Major companies profiled in the report include Terumo Corporation, Becton, Merck Millipore (Merck KGaA), Octane Biotech, Inc., Thermo Fisher Scientific, Inc., Lonza Group, STEMCELL Technologies, Inc., Dickinson and Company, Bio-Techne (R&D Systems), GE Healthcare, Danaher Corporation (Pall Corporation), Takara Bio, Inc., PeproTech, CellGenix GmbH, Corning Incorporated, Eppendorf AG, Cell Signaling Technology, Inc. and HiMedia Laboratories.
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