Industry Data Analytics published a new market research report on Global Cell Expansion Market contains all of the market definitions, classifications, segments, applications, engagements, and market trends that a user needs to succeed in the Global Cell Expansion Market. The study is also necessary in order to define the market's definition, categorization, procedures, and interactions for the industry's Global Cell Expansion Market. The research also includes detailed business profiles of the leading firms and competitors who are influencing the market and establishing significant trends. The study also thoroughly examines the impact of COVID-19 on the global Motorized Microscope market. Furthermore, the countries' import-export mapping will aid in determining production capabilities and demand-supply attributes.
Increased investments by market players in biotechnology products related to cell and gene therapy are expected to drive the growth of the global cell expansion market over the forecast period. For example, in February 2022, FUJIFILM Corporation, a Japan-based multinational conglomerate, announced the launch of its life sciences strategic investment fund, which will be administered by the Life Sciences Corporate Venture Capital (LS-CVC), a newly established organisation under Fujifilm's Life Sciences Strategy Headquarters in Tokyo. Fujifilm is investing US$ 54 million in cutting-edge biotechnology through partnerships with early-stage enterprises around the world. Aside from this new fund, the LS-CVC will manage the company's previous life science investment portfolio, which included investments in regenerative medicine, cell therapies, and drug development research products.
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Over the forecast period, the increasing number of product launches related to anti-microbial therapies is expected to drive the growth of the global cell expansion market. For example, Merck, a global leader in research and technology, will launch a new VirusExpress Lentiviral Production Platform in October 2020, based on Merck's experience as a contract development and manufacturing firm. This new platform is capable of overcoming lentiviral production challenges and reducing process development time by approximately 40%. Merck's VirusExpress Platform automates the upstream process, making cell and gene therapy development more manageable, adaptable, and scalable.
Key Market Segments of Cell Expansion Market
By Type:
- Reagent
- Media
- Bioreactor
By Application:
- Regenerative Medicine
- Cell Banking
- Cancer Research
- Other
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Key Takeaways of Cell Expansion Market:
- Market players are involved in the launch of automated cell mass culture equipment, which is expected to drive growth in the global cell expansion market during the forecast period. In March 2019, Hitachi, Ltd., a Japanese multinational corporation, announced the launch of automated cell mass culture equipment in Japan, which will be used to produce commercial induced pluripotent stem (iPS) cells for regenerative medicine.
- North America is expected to dominate the global cell expansion market over the forecast period, owing to increased product launch in the region. Corning Incorporated, a multinational technology company based in the United States, announced the launch of the Corning X-SERIES cell processing platform in July 2020. The platform enables the rapid, sterile, automated, and efficient purification of immune cell populations for cell and gene therapy applications using human blood and blood products.
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Competitive Landscape:
The report not only provides an overview of impactful promoting systems, market commitments, and development frameworks of driving companies, but it also provides a dashboard overview of driving companies at various times execution. Several approaches and examinations are used in the research report to provide in-depth and precise data about the Cell Expansion Market.
The following companies are major players in the Cell Expansion market report:
- GE Healthcare Life Sciences
- Thermo Fisher Scientific
- Xpand Biotechnology
- BINKIT, AMMSTM
- Lonza Group
- Becton
- Dickinson and Company
- Xpand Biotechnology
- BINKIT
- Corning, Inc.
- Merck KGaA
- Miltenyi Biotec
- Terumo Bct Inc.
- Sartorius AG
- Takara Bio Inc.
- Trinova Biochem GmbH
- upcyte technologies GmbH
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