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Global Cell Expansion Market Report
According to a research report published by Azoth Analytics in June 2019, the Global Cell Expansion Market was valued at USD 13.28 billion the year 2018.
The Azoth Analytics research report titled Global Cell Expansion Market (http://azothanalytics.com/
The Global Cell Expansion market is primarily driven by briskly surging prevalence of chronic diseases coupled with growing investment by government and private players in applicable sectors. In the forecast period, rapidly growing demand for technically advanced products and increasing number of GMP-certified cell expansion facilities are expected to fuel to the market growth.
By product type, consumables dominate the global market with a share of around 70 percent in 2018. Further, their share is anticipated to witness rise on the back of rapidly increasing utilization in bioprocessing of cell based products. While instrument segment is expected to witness highest compound annual growth rate in forecasted period. Especially, increasing adoption rate of automated cell expansion system is expected to provide higher momentum to the sales growth of cell expansion instruments in upcoming years.
By cell type, human cell expansion market is expected to witness fastest growth on the back of rapidly growing demand for cell therapy based products. Especially, rapidly evolving market of CAR-T is anticipated to provide higher momentum to the market growth in forecasted period. Moreover, growing pipeline of stem cell based products and rapidly growing investment by various companies in regenerative medicine field is predicted to fuel the market growth in forecasted period.
Amongst the regions, North America accounts for the largest regional share in the global cell expansion market. Key factors driving the robust growth rate in North America region include presence of enormous patient base, high expenditure on medical research and presence of pharmaceuticals and life sciences companies in large number.
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