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How Is The Cell Harvesting Market Expected To Grow In Terms Of Size?
In recent times, the cell harvesting market has seen substantial growth. It is set to increase in size from $10.84 billion to $11.51 billion between 2024 and 2025, with a compound annual growth rate (CAGR) of 6.3%. The growth seen in the previous period can be credited to the rise in chronic disease cases, enhanced investments in research and development, and the growing use of applications in the field of regenerative medicine.
Expectations are high for the cell harvesting market to experience a robust growth spike over the coming years. The market size is projected to inflate to $15.21 billion by 2029, expanding at a compound annual growth rate (CAGR) of 7.2%. This surge over the forecast period is largely due to a rise in disease incidences, ageing population trajectories, broadening therapeutic applications, and strategic partnerships. Factors such as technological progression, product innovation, the regulatory framework, market rivalry, and global market growth are the major trends expected to reign over the forecast period.
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What Market Forces Are Contributing To The Growth Of The Cell Harvesting Market?
The growth of the cell harvesting market is anticipated to be fueled by the increasing prevalence of chronic diseases. Such health issues, which persist for a year or more and require ongoing medical treatment, limit daily activities, or both, are regarded as chronic diseases. The escalating frequency of these diseases necessitates further research to discover innovative treatments that rely on cell harvesting processes for drug development. For example, research from the American Cancer Society, a health organization based in the US, published in January 2022, predicted 609,360 cancer deaths and 1.9 million new cancer diagnoses in the US for 2022, which equates to approximately 1,670 deaths daily. Consequently, the expanding prevalence of chronic illnesses is the driving force behind the cell harvesting market.
How Is The Cell Harvesting Market Segmented Across Key Categories?
The cell harvestingmarket covered in this report is segmented –
1) By Type: Manual Cell Harvesters; Automated Cell Harvesters
2) By Distribution Channel: Retail; Direct Tenders
3) By End-Users: Biotechnology And Biopharmaceutical Companies; Research Institute; Other End-Users
Subsegments:
1) By Manual Cell Harvesters: Syringe-Based Harvesters; Centrifuge-Based Harvesters; Filtration Devices
2) By Automated Cell Harvesters: Robotic Cell Harvesting Systems; Automated Centrifuges; Microfluidic Harvesting Devices
What Current And Upcoming Trends Are Shaping The Cell Harvesting Market?
Technological innovations are increasingly becoming a vital trend in the cell harvesting industry with prominent businesses focusing on developing unique technologies to maintain their market stance. An instance being Thermo Fisher Scientific Inc., a US scientific manufacturing firm that released the DynaSpin Single-Use Centrifuge System, founded on DynaSpin technology, in September 2022. This technology is specifically designed to provide an optimal single-use solution for large-scale cell culture harvesting and centrifugation operation. The DynaSpin system assists biological manufacturers in reaching their sustainability objectives while simultaneously reducing the total production expenditures. Through this device, there is up to a six-fold reduction in material usage and it eradicates 70% of the waste by decreasing the quantity of filters necessary for harvesting during biologic production, as compared to traditional harvesting systems.
Who Are The Major Stakeholders Operating In The Cell Harvesting Market?
Major companies operating in the cell harvesting market are PerkinElmer Inc., Connectorate AG, Sartorius AG, Terumo Corporation, Cox Scientific Ltd., AVITA Medical Inc., Tomtec Inc., Teleflex Incorporated, Arthrex Inc., Antylia Scientific, Danaher Corporation, Bertin Technologies Group, Merck & Co. Inc., Eurofins Scientific SE, Agilent Technologies Inc., Pall Corporation, Thermo Fisher Scientific Inc., Scinomix Inc., Brandel Co., ADSTEC Corporation, Thomas Scientific Inc., Miltenyi Biotec Technology & Trading Co. Ltd., Terumo BCT Inc., Bertin Pharma SAS, GE Healthcare, Argos Technologies Inc., Esco Lifesciences Group, ReproCell Inc., CESCO Bioengineering Co. Ltd.
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How Do Regional Dynamics Influence The Cell Harvesting Market Performance?
North America was the largest region in the cell harvesting market share in 2024. The regions covered in the cell harvesting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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