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 Business Research Company’s cell expansion market report forecasts the cell expansion market size to grow to $42.20 Billion by 2027, with a CAGR (compound annual growth rate) of more than 14%.

Learn More On The Cell Expansion Market Report 2023 – https://www.thebusinessresearchcompany.com/report/cell-expansion-global-market-report

Cell Expansion Market Size Forecast
The global cell expansion market is expected to grow from $21.39 billion in 2022 to $24.60 billion in 2023 at a compound annual growth rate (CAGR) of 15%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cell expansion market size is expected to reach $42.20 billion in 2027 at a CAGR of 14.4%.

North America held the largest cell expansion market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Cell Expansion Market Driver ­– Increase In The Incidence Of Chronic Diseases
For instance, in September 2020, according to a study report issued by the American Action Forum, chronic illness frequency and expenses are increasing in the United States. Chronic illness is anticipated to continue increasing as the incidence of illness among children and young people increases. Chronic illness is a significant healthcare issue since it costs the US $3.7 trillion annually, or about 19.6% of the GDP, and is rising. Therefore, an increase in the incidence of chronic diseases will drive the cell expansion market.

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Key Cell Expansion Market Trend – Technological Advancement
Major market players are focusing on developing innovative technologies to fulfil particular needs and specialized research applications to strengthen their market position. For instance, in December 2021, Novartis, a US-based pharmaceutical company, announced T-ChargeTM, a next-generation CAR-T platform with first-in-human data. T-Charge allows CAR-T cell expansion primarily within a patient’s body, eliminating the need for an extended culture time outside the body. These features of the T-Charge platform result in better and more durable responses, better long-term outcomes, and a lower risk of severe adverse events.

Cell Expansion Market Segment
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

Cell Expansion Market Major Players and Strategies
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.

In March 2020, Danaher Corporation, a US-based company engaged in medical products, acquired the biopharma business from General Electric Company for an undisclosed amount. This acquisition will add a skilled and dedicated staff to Danaher’s Life Sciences portfolio, as well as a highly innovative, industry-leading product suite, which will be a great addition to Danaher’s current biologics workflow solutions. General Electric Company is a US-based conglomerate company operating in various industries, including biopharma.

The Cell Expansion Global Market Report 2023 covers regional data on cell expansion market size, cell expansion market trends and drivers, opportunities, strategies, and cell expansion market competitor 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.

The cell expansion refers to a cellular process used to create new cell wall material. Its purpose is to control the loosening of the wall and allow it to stretch and expand in the area. Cell-wall-associated proteins from the expansion family play an essential role in this process.

View More Reports Related To The Cell Expansion Market –
Cell Counting Global Market Report 2023
Cell Based Assays Global Market Report 2023
Cell Culture Global Market Report 2023

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