The cell expansion market size is expected to see rapid growth in the next few years. It will grow to $50.39 billion in 2028 at a compound annual growth rate (CAGR) of 15.6%. The growth in the forecast period can be attributed to rising investments in biotechnology, expanding stem cell research, clinical trials and drug development, demand for personalized medicine, biobanking and cell repositories. Major trends in the forecast period include technological advancements, product innovations, strategic collaborations.
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Segmentation & Regional Insights
The cell expansion market covered in this report is segmented –
1) By Cell Type: Mammalian, Microbial, Other Cell Types
2) By Product: Consumables, Reagents, Media, Serum, Disposables, Instruments
3) By Application: Biopharmaceuticals, Tissue Culture & Engineering, Vaccine Production, Drug Development, Gene Therapy, Cancer Research, Stem Cell Research, Other Applications
4) By End-usk: Biopharmaceutical & Biotechnology Companies, Research Institutes, Cell Banks, Other End-Users
North America was the largest region in the cell expansion market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cell expansion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing incidence of chronic diseases is expected to propel the demand for cell expansion market going forward. Chronic diseases are long-lasting illnesses that often cannot be healed; however, they are occasionally curable and controllable. Chronic diseases are increasing due to increased use of tobacco products, poor nutrition, physical inactivity, excessive alcohol use, and others. Cell expansion helps replenish nutrients while preventing the accumulation of toxic metabolic waste products that could impair culture performance. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, It is projected that by the year 2050, the number of individuals aged 50 years and above who have at least one chronic illness will surge by 99.5%, rising from 71.522 million in 2020 to 142.66 million. Therefore, an increase in the incidence of chronic diseases will drive the growth of the cell expansion market.
Key Industry Players
Major companies operating in the cell expansion market report are Thermo Fisher Scientific Inc., Becton Dickinson and Company, Lonza Group, Corning Inc., Merck KGaA, Sartorius Stedim Biotech SA, Terumo Corporation, Miltenyi Biotec GmbH, Danaher Corporation, Stemcell Technologies Inc., Beckman Coulter Inc., Takara Bio Inc., RepliCel Life Sciences, Neximmune Inc., Celltainer Biotech BV, GE HealthCare Technologies Inc., ReproCELL USA Inc., iXCells Biotechnologies Inc., Neuromics LLC, G&G Technologies Inc., Eppendorf AG, Avantor Inc., Bio-Techne Corporation, BioLife Solutions Inc., Cesca Therapeutics Inc., Core Dynamics Ltd., Lifeline Scientific Inc., Princeton Cryotech Inc., VWR International LLC, Azenta US Inc., MVE Biological Solutions LLC, BioCision LLC, BioSpherix Ltd., Worthington Industries Inc.
The cell expansion market report table of contents includes:
1. Executive Summary
2. Cell Expansion Market Characteristics
3. Cell Expansion Market Trends And Strategies
4. Cell Expansion Market – Macro Economic Scenario
5. Global Cell Expansion Market Size and Growth
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31. Global Cell Expansion Market Competitive Benchmarking
32. Global Cell Expansion Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Cell Expansion Market
34. Cell Expansion Market Future Outlook and Potential Analysis
35. Appendix
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