February 19, 2025
Cell Expansion Market

Pharmaceutical Segment is the largest segment driving the growth of Cell Expansion Market

The global Cell Expansion Market is estimated to be valued at US$ 17,927.69 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Cell expansion refers to the process of growing or cultivating more cells from fewer initial cells in vitro. Cell expansion is useful in therapeutic development, drug discovery, and other biomedical research applications.

Market key trends:

One of the key trends in the cell expansion market is the rising demand for regenerative medicine. Regenerative medicine employs stem cells and tissue engineering techniques to develop biological substitutes to restore function or improve quality of life. With significant advancements in the field of regenerative medicine, the demand for cell culture and cell expansion techniques is increasing for production of specialized cells for therapeutic applications. Stem cell therapy, in particular, relies heavily on cell expansion techniques to multiply cells for clinical usage. Additionally, the potential of cell therapies to treat chronic and complex diseases is boosting research activities, thereby augumenting demand for cell expansion technologies.

The cell expansion market is witnessing increasing adoption of serum-free media for cell proliferation. Serum-free media allows standardized production of expanded cell populations while avoiding issues with serum like variability and risk of contamination. It helps in maintaining stemness and proliferation ability of cells. This trend is expected to continue in the forecast period with innovations to develop more advanced serum-free media tailored for specific cell types.

SWOT Analysis

Strengths: Growing stem cell research and increasing investments in regenerative medicine creates conducive environment for cell expansion market growth.

Weaknesses: high costs associated with cell expansion technologies limits wide adoption.

Opportunities: Increase in prevalence of chronic diseases and growing geriatric population expected to drive the demand. Collaboration between industry and academia can help create cheaper technologies.

Threats: Stringent regulatory environment for stem cell research poses challenges. Ethical issues related to embryonic stem cells may hinder market potential.

Key Takeaways

The Global Cell Expansion Market Size was valued at US$ 17927.69 Mn in 2023 and is expected to reach US$ 36123.56 Mn by 2030, expanding at a CAGR of 11% during the forecast period.

The market is expected to witness high growth owing to increasing prevalence of chronic diseases and growing demand for advanced cell-based therapies. Cell expansion technologies play a crucial role in developing an adequate supply of cells for therapeutic applications.

Regionally, North America dominated the cell expansion market and accounted for maximum revenue share in 2023 owing to presence of major market players, high healthcare spending, and widespread adoption of advanced technologies in the region. However, Asia Pacific region is anticipated to register fastest growth during the forecast period driven by expanding pharmaceutical and biotechnology industries, improving economic conditions and increasing healthcare investments in developing countries.

Key players operating in the cell expansion market are Becton, Dickinson and Company, Sartorius AG, Merck KGaA, Corning, Inc., Eppendorf SE, Lonza Group AG, PromoCell, Danaher, Thermo Fisher Scientific, HiMedia Laboratories, STEMCELL Technologies Inc., REPROCELL Inc., Bio-Techne, Valiant Co., Ltd., Miltenyi Biotec, and Biologos, Cyagen US Inc.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Money Singh
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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, chemicals and materials, defense and aerospace, consumer goods, etc. 

Money Singh

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, chemicals and materials, defense and aerospace, consumer goods, etc. 

View all posts by Money Singh →