The cell expansion market involves the process of growing cells to increase the cell count for various end-use applications. Cell expansion products such as bioreactors, serum, media & reagents, and accessories help in culturing stem cells and other specialized cells. Bioreactors help in scaling up production of stem cells for clinical use under controlled conditions. Furthermore, cell expansion finds applications in the areas of research, clinical, and industrial bioprocessing for producing therapeutic proteins, vaccines, and other bio products. Growing demand for regenerative medicine and stem cell research is expected to drive growth of the cell expansion market during the forecast period.
Market key trends:
One of the key trends in the cell expansion market is increasing focus on developing automated and closed cell expansion systems. Automated cell expansion systems help standardize the process and increase productivity while maintaining sterility. For instance, Corning Inc. offers Xuri automated cell expansion system along with fed-batch bioprocess containers for scalable cell expansion from research to commercial manufacturing. Moreover, growing prevalence of chronic diseases such as cancer is creating opportunities for development of advanced cell-based therapies. This is augmenting the need for scaling up cell manufacturing processes using cell expansion techniques, thus supporting market growth over the coming years.
The Global Cell Expansion Market Size is expected to witness high growth, exhibiting a CAGR of 11% over the forecast period, due to increasing R&D investments by biopharmaceutical companies and growth in stem cell research activities.
On a regional basis, North America dominated the cell expansion market in 2023 and is expected to continue its dominance over the forecast period. This is attributed to growing stem cell research activities and high healthcare expenditure in the region. Asia Pacific is expected to be the fastest growing market during the forecast period owing to rising stem cell therapy adoption and increasing investments by key market players.
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