The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Cell Expansion Global Market Report 2024, the cell expansion market is expected to show promising growth in the forecast period.

The cell expansion market has experienced an impressive surge in recent years, reaching $24.65 billion in 2023 and projected to climb to $28.25 billion in 2024, boasting a compound annual growth rate (CAGR) of 14.6%. This growth is attributed to various factors, including public awareness, cell-based research applications, the rising demand for cell-based therapies, growth in the biopharmaceutical industry, and advancements in regenerative medicine.

Future Expansion Projections

In the forecast period, the cell expansion market is poised for even more rapid growth, expected to reach $50.39 billion in 2028 at a CAGR of 15.6%. This surge is fueled by rising investments in biotechnology, expanding stem cell research, clinical trials, drug development, the demand for personalized medicine, and the growth of biobanking and cell repositories. Key trends in this period include technological advancements, product innovations, and strategic collaborations.

Addressing the Chronic Disease Challenge

1. Increasing Incidence Of Chronic Diseases Fuels Growth Of Cell Expansion Market

• Chronic diseases, often incurable and controllable, are on the rise globally.
• Factors such as tobacco use, poor nutrition, physical inactivity contribute to the surge in chronic diseases.
• Cell expansion plays a vital role in replenishing nutrients and preventing the accumulation of toxic waste products.
• A projection by the National Center for Biotechnology Information suggests a 99.5% increase in individuals aged 50 and above with at least one chronic illness by 2050.
• The growing incidence of chronic diseases is a key driver for the expansion of the cell expansion market.

Major Market Players and Strategic Moves

2. Innovative Bioprocessing Platforms Transforming Cell Expansion Market

• Major companies focus on introducing advanced bioprocessing platforms for a competitive edge.
• The Quantum Flex Cell Expansion System stands out, providing scalable and flexible expansion capabilities.
• Terumo Blood and Cell Technologies launched this system, designed for efficient and controlled manufacturing of various cell therapies.
• The platform facilitates expansion in applications such as suspension and adherent cells, viral vectors, and exosome production.

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3. Sartorius Ag Expands Cell And Gene Therapy Portfolio With Polyplus-Transfection Sa Purchase

• Sartorius AG, a German pharmaceutical company, acquires Polyplus-Transfection SA for $2.36 billion.
• The acquisition strengthens Sartorius AG’s position in the supply of cell and gene therapy, broadening its portfolio in gene therapies and gene-modified cell therapies.
• Polyplus-Transfection SA, a France-based biotech company, supports gene and cell therapy, biologics manufacturing, and life science research.

Market Segmentation and Regional Dominance

4. Market Segmentation

• By Cell Type:Mammalian, Microbial, Other Cell Types
• By Product:Consumables, Reagents, Media, Serum, Disposables, Instruments
• By Application:Biopharmaceuticals, Tissue Culture & Engineering, Vaccine Production, Drug Development, Gene Therapy, Cancer Research, Stem Cell Research, Other Applications
• By End-user:Biopharmaceutical & Biotechnology Companies, Research Institutes, Cell Banks, Other End-Users

5. Regional Dominance

• North America led the cell expansion market in 2023, indicating a strong market presence.
• Asia-Pacific is anticipated to be the fastest-growing region in the forecast period, showcasing the global reach and potential of the cell expansion market.

Conclusion

In conclusion, the cell expansion market’s remarkable growth trajectory reflects its pivotal role in addressing global healthcare challenges. The market’s expansion is fueled by technological innovations, strategic acquisitions, and a deepening understanding of its applications across various sectors. As major players continue to invest in research and development, the cell expansion market is set to play an increasingly crucial role in shaping the future of healthcare and biotechnology.

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