Research and Markets has announced the addition of the "Cell Expansion Global Market - Forecast to 2022" report to their offering.
The cell expansion market is expected to grow at a double digit CAGR to reach $23,997 million by 2022.
Rising prevalence of chronic diseases, increasing government funding for research, increased investments in cell based products, growing number of GMP-certified production facilities and 3D cell expansion technology are some of the drivers in the cell expansion global market. High cost of cell-based research, use of unregulated products, quality issues for end users, ethical concerns regarding research on cell biology and stringent regulation are some of the factors hampering the market.
Cell expansion technology has been emerging as a promising therapeutic solution for many diseases and is used for engineering, replacing, or regenerating human tissues, cells, and organs to restore normal function. Products of cell expansion market are segmented into instruments and consumables. The instruments are segmented into cell expansion supporting instruments, bioreactors and automatic cell expansion systems. Cell expansion supporting equipments include flow cytometer, centrifuge, cell counters and others.
Geographically, North America is the largest market followed by Europe and Asia. The APAC region is the fastest growing region with a CAGR of 20.8% from 2015 to 2022 suggesting an array of opportunities for growth and likely to be getting into the eyes of new investors in the cell expansion market. Growth in the Asian market is attributed to rising prevalence of chronic diseases and increased government initiatives for stem cell research.
Key Topics Covered:
1 Executive Summary
3 Market Analysis
4 Cell Expansion Global Market, By Products
5 Cell Expansion Market, By Types
6 Cell Expansion Global Market, By Applications
7 Cell Expansion Global Market, By End Users
8 Regional Market Analysis
9 Company Developments
10 Company Profile
For more information about this report visit http://www.researchandmarkets.com/research/mqsccl/cell_expansion
View source version on businesswire.com: http://www.businesswire.com/news/home/20161005005848/en/Business Wire
Last updated on: 05/10/2016
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