The global cell therapy laboratory equipment market is forecast to reach USD 34.90 Billion by 2027, according to a new report by Reports and Data. A handful of factors which are primarily affecting the growth of the market includes rising government investments for cell-based research, steep rising curve in the number of GMP-certified production facilities. Over the years, a significant increase in the number of oncology-oriented cell-based therapy clinical trials are also driving the growth of this market.
According to our experts, the consumables segment is expected to account for the majority share of the market over the years to come. The main reason for the aforesaid information is attributed to the high demand for consumables (such as growth factors and media) in cell-based experiments and cancer research, which is in a way accelerating the number of new product launches. Moreover, consumables are required at every step of cell processing which is further expected to drive their adoption in the market.
The cell therapy instrument from the cell processing segment has dominated the market in the recent past and is expected to do so in the forecasted period as well. Our experts also foresee that it might hit the highest CAGR with 2023 and expect to have a steady growth henceforth. This is because cell processing stage makes the highest use of cell therapy instruments and media, especially during culture media processing. This is supposedly the main driver for the growth of this particular segment.
North America accounted for the largest market share for a long time and is expected to do so in the upcoming years as well. The reason behind this can primarily be attributed to the high burden of chronic diseases and increasing RD activities in pharmaceutical and biotechnology industries.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
Beckman Coulter, Inc. (US), Becton, Dickinson and Company (US), GE Healthcare (US), Lonza (Switzerland), Merck KGaA (Germany), Miltenyi Biotec (Germany), STEMCELL Technologies, Inc. (Canada), Terumo BCT, Inc. (US), and Thermo Fisher Scientific, Inc. (US).
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Cell Therapy Laboratory Equipment market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the Cell Therapy Laboratory Equipment industry, the market is segmented into:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Consumables
- Equipment
- Systems and Software
Application Outlook (Revenue, USD Billion; 2017-2027)
- Cell Processing
- Cell Preservation, Distribution and Handling
- Process Monitoring and Quality Control
Cell Type Outlook (Revenue, USD Billion; 2017-2027)
- Human Cells
- Animal Cells
End User Outlook (Revenue, USD Billion; 2017-2027)
- Life Science Research Companies
- Research Institutes
The regional analysis covers:
- North America
- US.
- Canada
- Mexico
- Europe
- Germany
- UK.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
Benefits of Cell Therapy Laboratory Equipment Market Report:
- Panoramic overview of the opportunities and risks in the Cell Therapy Laboratory Equipment sector
- Study of recent innovations and developments in the industry
- Comprehensive study of the growth pattern of the Cell Therapy Laboratory Equipment industry
- In-depth assessment of the competitive landscape of the key players of the Cell Therapy Laboratory Equipment industry
- Analysis of the Cell Therapy Laboratory Equipment market drivers, constraints, and opportunities
- Assessment of technological developments and latest trends of the industry
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