The Cell Expansion Market is Expected to Reach $14.8 billion by 2019 - New Research Report by MarketsandMarkets
(PRWEB) December 24, 2014 -- The report expects global cell isolation and expansion market to grow at 19.7% by 2019. It also provides a carefully analyzed data about the vital drivers, restraints, trends, opportunities, strategies and challenges for the market.
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According to the report, the global market for cell expansion will keep witnessing growth at an impressive CAGR during near future. It expects this growth to be driven by rapid technological advancements, government funding and investments, and strong prevalence of various chronic diseases around the world. The report expects the key players to focus on the launch of new and innovative products, business mergers, collaborations, and partnerships. All these factors are expected to provide these players with a strong leadership position in the key areas of the global market.
This report on cell expansion instruments market concentrates on various systems and instruments including bioreactors, automated cell expansion systems, and other supporting equipment. According to the report findings, cell expansion supporting equipment segment is poised to witness lucrative growth. It is considered to be an innovative pocket for revenue generation, especially for the established industry players. Strong rise in the use of incubators, centrifuge, laminar air flow cabinets for stem cell and cancer research are some of the strong drivers for this remarkable market growth. According to the report, strong support from the government and growing funds for the advanced technologies like stem cell treatment is estimated to drive the research laboratories to adopt the advanced products available in this market.
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The report segments the global cell expansion industry into human cells and animal cells. According to this segmentation analysis, stem cell expansion segment is will witness the strongest CAGR. Growing government support and adoption rate are considered to be the major factors driving this growth in the global market.
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According to the report, Asia Pacific region is expected to be the center of growth for the cell isolation and expansion market during the next five years. Rising investment ratio of the Chinese Government in the life science sector is projected to be the vital driver for Asia Pacific market. Growing focus of the key industry players is also expected to be another driving factor. Growth in the conferences, research and development activities and government investments from different Asian governments are expected to increase their focus on commercialization of stem cell therapies. According to the report, these activities are expected to create growth opportunities for the researchers and scientists to avail advantage.
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