(PharmaNewsWire.Com, December 21, 2017 ) North America Cell Expansion Market by Product (Instruments, Consumables, Disposables), By Cell Type (Human Cells, Animal Stem Cells), By Application (Regenerative Medicine and Stem Cell Research, Cancer and Cell Based Research), By End User (Hospitals, Biotechnology and Pharmaceutical Companies, Academic Institutes and Research Facilities) and By Region – Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
The North America Cell Expansion Market was valued at USD 2.91 billion in 2016 and is expected to be growing at a CAGR of 19.5%, to touch USD 7.10 billion by 2021. In the process of cultivating, growing and using stem cells, are the two vital components of division and expansion. Without the process of cell expansion, a dividing cell is just further divided into smaller and smaller elements.
The required environment for stem cell expansion is maintained by a combination of various media, reagents and supplements and may also involve the participation of healthy feeder populations or conditioned components taken off feeder cells.
The growth of the North American Cell Expansion Market is mainly driven by the increasing demand for regenerative medicines that provide swift results and have high compatibility with patients. Furthermore, increasing incidence of chronic diseases, rising private sector investments for the development of cell-based products and the growing number of Goods Manufacturing Practice (GMP) certifications of production facilities, supplemented by rising governmental investment support are among the other forces driving market growth in North America. However, requirement of skilled workforce and high-tech instrumentation are the major restraints of market growth.
The North America Cell Expansion Market is segmented on the basis of Product, Cell Type, Application, End User and Geography. Based on Product, the Cell Expansion market is divided into Instruments, Consumables and Disposables. Consumables include reagents, media and serum, and disposables. The instruments segment consists of cell expansion supporting equipment, bioreactors, and automated cell expansion systems. The cell expansion supporting equipment segments is segmented into flow cytometer, centrifuges, cell counter, and other supporting equipment. Bioreactors are further classified into micro-carrier bioreactors and perfusion/hollow fibre reactors. Disposables are further classified into tissue culture flasks, bioreactor accessories, and other disposables. On the basis of cell type the market is segmented into Human Cells and Animal Stem Cells. The human cells segment is further divided into Human Differentiated stem cells and Human stem cells, with the human stem cells segment further categorised into embryonic stem cells, adult stem cells and induced pluripotent stem cells. By Application, the cell expansion market is categorised into Regenerative Medicine and Stem Cell Research, and Cancer and Cell Based Research. On the basis of End User, the market is distributed among hospitals, biotech and pharma companies, and academic and research institutes.
The North American market has been geographically segmented into US and Canada. North America took the major chunk of the Global Cell Expansion Market share in 2016, along with the highest global CAGR of more than 16%. Swift introduction of new cell expansion procedures to supplement the rising demand for regenerative procedures involving stem cells are driving the North American Cell Expansion Market. The presence of major global market players in North America is a major plus for market growth in this region, as investments from private players are compounded by government investments.
The important players in the North America Cell Expansion Market are Beckman Coulter, Inc. (U.S.), Becton, Dickinson and Company (U.S.), Corning, Inc. (U.S.), GE Healthcare (U.K.), Lonza (Switzerland), Merck KGaA (Germany), Miltenyi Biotec (Germany), STEMCELL Technologies, Inc. (Canada), Terumo BCT, Inc. (U.S.), and Thermo Fisher Scientific, Inc. (U.S.). The key companies are spending a lot of time and money to focus on product differentiation and push market boundaries.
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