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 The global cell harvesting market is poised for significant growth, with a projected increase from $9.44 billion in 2022 to $10.11 billion in 2023, marking a robust compound annual growth rate (CAGR) of 7.1%. As we delve into the dynamics driving this surge, it becomes evident that factors like the rising incidence of chronic diseases and technological advancements are playing pivotal roles.

Rising Cases of Chronic Diseases: A Catalyst for Growth

• Defining Chronic Diseases: Chronic diseases persist for a year or longer, demanding continuous medical care and often limiting daily activities.
• Research Imperative: The escalating number of chronic diseases necessitates intensified research for novel treatments, propelling the demand for cell-harvesting procedures vital for drug development.
• Financial Burden: According to a 2020 study by the American Action Forum, chronic illnesses cost the United States a staggering $3.7 trillion annually, constituting approximately 19.6% of the GDP.
• Market Implication: The increasing prevalence of chronic diseases, particularly among children and young adults, fuels the growth of the cell harvesting market, aligning with the market’s projected CAGR of 6.2% to reach $12.86 billion by 2027.

Key Players in the Cell Harvesting Market

• Industry Giants: Noteworthy players in the cell harvesting market include PerkinElmer Inc., Connectorate AG, Sartorius AG, Terumo Corporation, and other prominent entities.
• Market Diversity: The involvement of major corporations across various segments, from AVITA Medical Inc. to Danaher Corporation, contributes to the sector’s vitality.
• Strategic Landscape: The competitive landscape of the cell harvesting market is dynamic, fostering innovation and pushing companies to deliver cutting-edge solutions to maintain market share.

Technological Advancements: A Game-Changer

• Innovative Pursuits: Technological innovation stands out as a defining trend in the cell harvesting market, with major players actively engaged in creating groundbreaking technologies to enhance their market positions.
• Case in Point: Thermo Fisher Scientific Inc., a key player, launched the DynaSpin™ Single-Use Centrifuge System in September 2022. This technology revolutionizes cell culture collection, providing a sustainable solution for cell harvesting.
• Environmental Impact: The DynaSpin system contributes to sustainability goals by achieving a six-fold decrease in material requirements and eliminating 70% of waste compared to conventional harvest systems.

Market Segmentation

• By Type: The global cell harvesting market is segmented into Manual Cell Harvesters and Automated Cell Harvesters, catering to diverse preferences and technological needs.
• By End-Users: Targeting Biotechnology and Biopharmaceutical Companies, Research Institutes, and Other End-Users, the market accommodates a wide spectrum of industry demands.
• By Distribution Channel: With options ranging from Retail to Direct Tenders, the distribution channels facilitate accessibility and flexibility in acquiring cell harvesting technologies.

Regional Dominance: North America Takes the Lead

• Market Share: In 2022, North America emerged as the largest region in the cell harvesting market, showcasing the region’s prominence in driving market dynamics.
• Strategic Implications: The leadership position of North America in the market underlines the region’s strategic importance, potentially influencing global trends and innovations in cell harvesting technologies.

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The Cell Harvesting Global Market Report 2023  provides a comprehensive overview on the cell harvesting market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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