Cell Expansion Systems Market was valued at USD 17.15 Billion in 2021, and it is expected to reach USD 52.83 Billion by 2029, exhibiting a CAGR of 15.1% during the forecast period (2022-2029)
Cell expansion systems refer to the technologies and instruments used to grow and expand cells in vitro. The global market for cell expansion systems has been growing in recent years, driven by increasing demand for cell-based therapies and regenerative medicine.
In the CTP manufacturing industry, the paradigm change towards Single-Use Systems (SUS) offers significant production advantages. Cross-contamination and culture contamination worries owing to improper sterilisation are eliminated by SUS. SUS also offers long-term cost reductions and permits the manufacture of CTP with high cell densities. As a result, an increase in the deployment of SUS accelerates the development of CTP, which fuels market expansion.
In the life sciences sector, cellular therapies are consistently rising in acceptance. The increase in funding from commercial and public organisations, as well as their attempts to promote the development of cellular therapies, serve as market drivers. The International Society for Stem Cell Research is interested in finding financing options for stem cell-related biomedical research projects.
COVID-19 Impact
Particularly, mesenchymal stromal cells (MSCs) offer an effective way to lessen the negative effects of the COVID-19 infection. cell-based procedures. This therapy has been shown to enhance tissue repair and reduce the release of pro-inflammatory cytokines in COVID-19 patients. According to the WHO ICTRP and the NIH ClinicalTrials.gov databases, 27 clinical investigations of MSC-based cell treatment methods have begun since the beginning of the COVID-19 epidemic in China, along with an expanding number of university and industrial trials abroad. Cell expansion is frequently employed in stem cell and regenerative medicine research. This is a crucial indicator of market growth because the COVID-19 study shows that stem cell-based medications have a wide range of potential applications. Various tools for cell growth are also available.
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Market Segmentations:
Global Cell Expansion Systems Market: By Company
- Cytiva
- Terumo Corporation
- 3D Biotek
- Sartorius
- Merck
- Takara Bio Inc
- Octane Biotech, Inc
- Miltenyi Biotec
- CORNING
- Tofflon
- WeiChilab
Global Cell Expansion Systems Market: By Type
- Reusable Cell Expansion Systems
- Disposable Cell Expansion Systems
Global Cell Expansion Systems Market: By Application
- Laboratory
- Hospital
- Other
Global Cell Expansion Systems Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Cell Expansion Systems market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Questions Answered in This Report:
- How has the global Market performed so far and how will it perform in the coming years?
- What are the key regional Markets?
- What has been the impact of COVID-19 on the global Market?
- What is the breakup of the Market based on the type?
- What is the breakup of the Market based on the application?
- What is the breakup of the Market based on the manufacturing process?
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