Trusted Business Insights answers what are the scenarios for    growth and recovery and whether there will be any lasting    structural impact from the unfolding crisis for the Cell    Expansion market.  
    Trusted Business Insights presents an updated and Latest Study    on Cell Expansion Market 2020-2029. The report contains market    predictions related to market size, revenue, production, CAGR,    Consumption, gross margin, price, and other substantial    factors. While emphasizing the key driving and restraining    forces for this market, the report also offers a complete study    of the future trends and developments of the market.The    report further elaborates on the micro and macroeconomic    aspects including the socio-political landscape that is    anticipated to shape the demand of the Cell Expansion market    during the forecast period (2020-2029).    It also examines the role of the leading market players    involved in the industry including their corporate overview,    financial summary, and SWOT analysis.  
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    Report Overview: Cell Expansion Market  
    The global cell expansion market size was estimated at USD 18.1    billion in 2020 is expected to register a compound annual    growth rate (CAGR) of 8.3% over the forecast period 2021-2027.    Increase in usage of automated solutions in cell expansion    applications is one of the market drivers. Automated systems    minimize the manpower and cost incurred during the production    of Cell Therapy Products (CTP), gene therapies, and other    biologics; leading to robust and reliable processes.  
    Key players engaged in CTP development are expanding their    product line to suffice the significant rise in the global    demand for these therapy products. For instance, in March 2019,    Lonza introduced a comprehensive portfolio of CellBio Services,    which includes cell-line expansion and banking services. This    solution is designed to fulfill research application    requirements, finally accelerating the revenue generation in    the market.  
    The paradigm shift toward Single-Use Systems (SUS) offers    substantial production advantages in CTP manufacturing. SUS    eliminates concerns of cross-contamination and culture    contamination caused due to inappropriate sterilization. SUS    also allows the production of CTP with high cell densities as    well as offers cost-savings in the long run. Thus, a rise in    the adoption of SUS surges the development of CTP, which boosts    the market growth.  
    Cellular therapies are constantly gaining popularity in the    life sciences industry. Rise in funding from private &    government organizations and initiatives undertaken by them to    encourage the development of cellular therapies act as drivers    for the market. The International Society for Stem Cell    Research is involved in the identification of stem cell-related    funding opportunities across biomedical research applications.  
    Substitution of serum and other incompatible reagents is    essential to control the quality of the product in CTP    manufacturing. Several research studies have validated that the    application of serum-free media controls product quality.    Researchers have also developed an optimization platform that    integrates high-throughput tools with a differential    evolution-based algorithm, which acts as an automated effective    optimization strategy for serum-free culture formulations.
    Product Insights: Cell Expansion Market  
    Consumables led the product segment in 2019 and accounted for    46.8% of the overall share. It is estimated to retain its    dominant position throughout the forecast years. Availability    of a wide range of commercial media and reagent products that    are dedicated to specific type of cells contributes to the    large revenue share of this segment. In addition, these    products are convenient, ready-to-use, and are also available    as serum-free formulations.  
    The instruments segment is expected to register the highest    CAGR over the forecast period owing to automation in    bioreactors and other expansion platforms to enhance the    efficiency of culturing procedures. The advent of automated    platforms standardizes the process and facilitates process    tracking while reducing the hands-on time; therefore, enables    more effective use of the time of skilled personnel.  
    Continuous commercialization and introduction of automated    culturing equipment also drive the revenue generation in the    instruments segment. For instance, in March 2019, Hitachi, Ltd.    commercialized its automated cell mass culture equipment in    Japan. This commercialization allowed manufacture of induced    pluripotent stem cells for regenerative medicine applications.    Such efforts are expected to accelerate the revenue generation    for instruments.  
    Cell Type Insights: Cell Expansion Market  
    Mammalian cells segment held the largest revenue share of 58.5%    in 2019 and will remain dominant during the forecast period as    these culture systems are highly preferred in production of    complex protein therapeutics. This is because these systems are    pharmacokinetically and functionally relevant to    post-translational modifications in humans. Therefore, most of    the biopharmaceuticals, including monoclonal antibodies,    specific interferons, thrombolytics, and various therapeutic    enzymes, are produced using these culture systems.  
    Differentiated human cells accounted for substantial revenue    share as these cells perform a specific function in the body.    Differentiated cells, such as fibroblasts, have gained immense    importance in the cutaneous wound healing and skin    bioengineering, thereby augmenting the segment growth.    Moreover, evaluation of 3D Gingival Fibroblast (GF) toroids as    a feasible and simple in vitro assay for biomaterial testing    has expanded their usage rate.  
    Human stem cells have gained significant traction and are    expected to witness the fastest CAGR from 2020 to 2027. The    exponential growth of research in this sector and the huge    success of regenerative medicine are among the key factors that    can be attributed to the fastest growth rate. Furthermore,    implementation of automated, robotic, and closed production    systems in the manufacturing of clinical-grade mesenchymal stem    cells drives the segment.  
    Application Insights: Cell Expansion Market  
    The biopharmaceutical segment captured the largest revenue    share of 22.9% in 2019 owing to increase in the approvals of    biopharmaceutical products in the past few years. The entry of    new biopharmaceutical companies and the proliferation of    bioprocessing technologies further drive the development of    biopharmaceuticals, which, in turn, boosts the expansion    procedures conducted during bio-production.  
    In addition, single-use technologies are gaining immense    traction in manufacturing cellular therapies on a commercial    level. The introduction of alternative planar cell expansion    technologies, such as compact multi-layer bioreactors, has been    witnessed over the years. This sufficed the requirement of    closed systems that limits the potential risks associated with    contamination and maintains control of a large-scale upstream    production and unit production.    The vaccine production segment is expected to witness the    fastest growth rate during the forecast period due to the    expansion of cell-based vaccine production in recent years. The    production of these vaccines offers a cost-effective    manufacturing solution while accelerating the development    process.  
    End-use Insights: Cell Expansion Market
    Biotechnology & biopharmaceutical companies segment held    the largest share of 48% in 2019 and will expand further at a    significant growth rate. The broadening horizon of cell-based    therapeutics in the healthcare industry is one of the major    factors contributing to the large share of biopharmaceutical    companies. For instance, cellular-based therapies have gained    immense popularity in regenerative medicine with constant    improvements in injectable cell delivery systems for various    clinical applications.  
    In addition, pharmaceutical & biopharmaceutical companies    are also engaged in acquisitions to expand their product    portfolio. For instance, in December 2019, Sartorius AG signed    an agreement to acquire 50% shares of Biological Industries, an    Israeli cell culture media manufacturer. This acquisition    expanded the cell culture media portfolio of Sartorius,    especially for cellular and gene therapies, regenerative    medicine, and other advanced therapies.  
    Research institutes are anticipated to register the highest    CAGR from 2020 to 2027 as researchers are engaged in several    studies in the biomedical field. For instance, in April 2019,    researchers at the University of Wisconsin, U.S., introduced a    new technology for effortless development of the H3N2 vaccine.    For this, they developed a new cell line that enhanced the    growth of H3N2 for vaccine use. Such research findings are    expected to help in introducing new products in this market.  
    Regional Insights: Cell Expansion Market  
    North America accounted for the largest share of 43.1% in 2019.    The region will retain its leading position over the coming    years due to a rise in funding initiatives by the government    agencies, which has accelerated the manufacture of stem cells    and the development of regenerative medicine and cellular    therapy products. This, in turn, drives the demand for cell    expansion platforms in this region.  
    For instance, in October 2019, the FDA and the Medical    Technology Enterprise Consortium (MTEC) together provided    funding of USD 5.3 million to the Southwest Research Institute    (SwRI) (U.S.). The SwRI invested these funds to propagate cells    for the development of personalized regenerative medicine. Such    investments boost the revenue generation in this region.  
    Asia Pacific is expected to witness the fastest growth during    the forecast period due to increasing efforts laid down by    several local pharmaceutical and biotechnology companies to    develop and commercialize their cellular therapies. An Indian    company, Stempeutics Research Pvt. Ltd., signed an alliance    with Kemwell Biopharma in July 2019 for the commercialization    of its stem cell-based product, Stempeucel. Such agreements are    expected to boost product sales of small- and mid-scale    companies.  
    Key Companies & Market Share Insights: Cell Expansion    Market  
    Key market participants are undertaking several initiatives to    expand their market presence and maintain a competitive edge in    the space. Moreover, they are involved in collaboration &    partnership models, product development, agreements, and    business expansion strategies in untapped regions.  
    For instance, in June 2019, Demcon acquired a share in the    Scinus Cell Expansion B.V., a manufacturer of stem cell-based    therapy equipment headquartered in the Netherlands. This    acquisition helped Scinus to expand its business in the stem    cell therapy market. Such growth initiatives are expected to    enhance the utilization rate of bioreactors used for culturing    stem cells, thereby leading to market growth. Some of the    prominent players in the cell expansion market include:  
    Key companies Profiled: Cell Expansion Market    Report  
    This report forecasts revenue growth at global, regional, and    country levels and provides an analysis of the latest industry    trends in each of the sub-segments from 2016 to 2027. For the    purpose of this study, Trusted Business Insights has segmented    the global cell expansion market report on the basis of    product, cell type, application, end use, and region:  
    Product Outlook (Revenue, USD Million, 2016     2027)  
    Cell Type Outlook (Revenue, USD Million, 2016     2027)  
    Application Outlook (Revenue, USD Million, 2016     2027)  
    End-use Outlook (Revenue, USD Million, 2016     2027)  
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Cell Expansion Market Analysis, COVID-19 Impact,Outlook, Opportunities, Size, Share Forecast and Supply Demand 2021-2027|Trusted Business Insights -...