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Cell Expansion Market is driven by Technological Advancements
The cell expansion market deals with products that are used to culture and increase the number of cells for specific applications. Cell expansion refers to multiplying cell populations ex vivo to produce sufficient quantities for research, biomedical applications, or commercial applications. Key product types in the cell expansion market include bioreactors, culture vessels, culture media and reagents, and stem cell culture. Bioreactors provide optimal conditions for growing adherent and non-adherent cell types at a large scale, whilst enabling real-time monitoring and controlling of critical culture parameters. Culture vessels like plates, flasks, and bags are used for initial cell seeding and short-term amplification. Culture media and reagents contain optimized formulations of nutrients, proteins, and growth factors that support cell growth and division. With advancements in regenerative medicine and cell therapies, the demand for viable and functional cells is rising, thus driving the need for efficient cell expansion systems.
Global cell expansion market is estimated to be valued at USD 19.69 Bn in 2024 and is expected to exhibit a CAGR of 11.8% during the forecast period (2024-2031).
Key Takeaways
Key players operating in the cell expansion market are Thermo Fisher Scientific, Danaher Corporation, Becton, Dickinson and Company, Lonza Group, GE Healthcare, Terumo Corporation, Corning Incorporated, Merck KGaA, and STEMCELL Technologies.
Growing demands for applications such as tissue engineering, immunotherapies, and gene therapies is a major factor boosting the cell expansion market. Adoption of regenerative medicines and increasing incidence of chronic and infectious diseases are also fueling market growth.
Several market players are focusing on expansion strategies to strengthen their global presence. For instance, Corning opened a new cell and gene therapy manufacturing facility in Canton, Massachusetts in 2023. Thermo Fisher Scientific acquired pharmaceutical development services firm PPD in 2021 to expand its bioprocessing capabilities.
Market key trends
One of the key trends in the Cell Expansion Market Demand is the increasing adoption of single-use bioreactors. Single-use bioreactors come pre-assembled and pre-sterilized, eliminating the need for capital-intensive stainless-steel bioreactors and facilitating faster installs and process times. Their disposable nature also lowers the costs associated with cleaning and validation compared to conventional systems. Players are focusing on integrating sensors, automation, and data analytics in single-use bioreactors to monitor critical parameters and optimize cell culture processes.
Another notable trend is the growing preference for 3D cell cultures over traditional 2D cultures. 3D cultures better mimic the in vivo microenvironment and cell morphology, allowing for more physiologically relevant and consistent results. Companies are developing novel 3D bioreactors and hydrogel-based 3D culture platforms to assist long-term expansion of various cell types like stem cells, organoids, and engineered tissues in a controlled manner. This is expected to revolutionize cell-based research and therapeutic applications.
Porter’s Analysis
Threat of new entrants: Low cost of entry for cell expansion products and technologies.
Bargaining power of buyers: Buyers have high bargaining power due to availability of substitutes.
Bargaining power of suppliers: Suppliers have moderate bargaining power as there are many substitutes available.
Threat of new substitutes: Emergence of new tools and techniques poses threat to existing players.
Competitive rivalry: Intense competition due to presence of diversified global players.
Geographical Regions
North America dominated the global market in terms of value in 2024, accounting for around 35% share of the total market. Presence of major market players and robust healthcare infrastructure in the US and Canada drives the cell expansion market in the region.
Asia Pacific is expected to witness the fastest growth during the forecast period. Growth in the region will be primarily driven by factors such as rising geriatric population, increasing disposable incomes, improving healthcare infrastructure, and growing focus of key players on emerging Asian countries. China and India are expected to offer high growth potential for cell expansion market players due to improving economic conditions and increasing healthcare spends in these countries.
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About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
