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The rising cases of chronic diseases such as cancer, osteoarthritis, diabetes mellitus, and tuberculosis, among others is driving the market for cell expansion. Over the forecast period, the rapid clinical trials of vaccines and new drugs are anticipated to propel the demand for cell expansion tools, thereby aiding the market growth. For instance, the increasing prevalence of elephantiasis, followed by the growing R&D activities to reduce the rise in cases will generate a significant demand for cell expansion serums and instruments. Moreover, the increasing demand for medical screening tools for research purpose is likely to boost the cell expansion industry growth in the forecast period.
The growing innovations by the leading pharmaceutical and life sciences companies are expected to support the market for cell expansion. In December 2021, Novartis AG (NYSE: NVS) announced the introduction of T-Charge, a next generation CAR-T platform, which is likely to revolutionise the CAR-T cell therapy. In another case, in February 2021, Saint-Gobain Life Sciences (EPA: SGO) announced the launch of a new cell culture bag specifically designed for T cell derived therapies.
In terms of region, the Asia Pacific is anticipated to witness a considerable growth in the forecast period. The market in the region is being driven by the increasing expenditure by governments and rising investments by private companies towards R&D projects in the medical sector. Additionally, the rapid expansion of biotechnology and biopharmaceutical companies is anticipated to provide lucrative opportunities for the market expansion in the region.
Market Breakup by Product, Cell Type, Application, End Use, and Region:
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The major players in the global cell expansion market are Thermo Fisher Scientific Inc., Lonza Group Ltd., Corning Incorporated, and Sartorius AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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