The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The cell expansion market is projected to increase from $21.39 billion (2022) to $24.60 billion (2023), with a 15% CAGR. By 2027, it’s anticipated to reach $42.20 billion, growing at a 14.4% CAGR.

North America was the largest region in the cell expansion market share in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period.

Cell Expansion Market Driver
The rising prevalence of chronic diseases is expected to boost the demand for the cell expansion market. Chronic diseases, often incurable but sometimes manageable, are on the rise due to factors like tobacco use, poor diet, inactivity, and excessive alcohol consumption. Cell expansion aids in nutrient replenishment and prevents the accumulation of harmful metabolic waste products, which can hinder culture performance. According to a September 2020 study by the American Action Forum, chronic illness rates and costs are increasing in the United States, particularly among children and young adults. Chronic illness is a significant healthcare concern, accounting for about 19.6% of the US GDP, which amounts to $3.7 trillion annually, and this figure continues to rise. Hence, the growing incidence of chronic diseases will propel the cell expansion market’s growth.

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Prominent Cell Expansion Market Trend
Technological advancement is a prominent trend in the cell expansion market. Leading market players concentrate on creating innovative technologies tailored for specific research needs to bolster their market position. In December 2021, US-based pharmaceutical company Novartis introduced T-ChargeTM, a next-gen CAR-T platform with initial human data. T-Charge facilitates CAR-T cell expansion primarily inside the patient’s body, eliminating extended culture time outside the body. These T-Charge features enhance responses, long-term outcomes, and reduce severe adverse event risks.

Cell Expansion Market Prominent Players
Major players in the cell expansion market are Thermo Fisher Scientific Inc., Becton, Dickinson and Company, Lonza Group, Corning Inc., Merck KGaA, Sartorius Stedim Biotech, Terumo Corporation, Miltenyi Biotec, Danaher Corporation, Stemcell Technologies, Inc., Beckman Coulter Inc., Takara Bio Inc., Replicell, Neximmune, and Celltainer Biotech.

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Key Cell Expansion Market Segments
The global cell expansion market is segmented –
1) By Cell Type: Mammalian, Microbial, Other Cell Types
2) By Product: Consumables, Reagents, Media, Serum, Disposables, and Instruments
3) By End-Use Outlook: Biopharmaceutical & Biotechnology Companies, Research Institutes, Cell Banks, Other End-Users
4) By Application Outlook: Biopharmaceuticals, Tissue Culture & Engineering, Vaccine Production, Drug Development, Gene Therapy, Cancer Research, Stem Cell Research, Other Applications

The Cell Expansion Global Market Report 2023  provides a comprehensive overview on the cell expansion market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the cell expansion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Bioprocess Technology Global Market Report 2023
Cell Culture Consumables And Equipment Global Market Report 2023
Cell Based Assays Global Market Report 2023

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