Global Cell Expansion Market to be Worth Just under USD 24 Bn by 2022, Expects IQ4I in Its New Report Available at MarketPublishers.com10 Oct 2016 • by Natalie Aster
LONDON – North America is the leader in the cell expansion race, in terms of geography. It is followed by Europe and APAC. The latter one is set to be regional marketplace, with its CAGR being just under 21% over the period 2015-2022. Increased government initiatives along with the increasing prevalence of chronic diseases are major forces driving growth of this market.
The consumables segment drives this space in terms of cell expansion products. It is set to demonstrate the fastest growth in the upcoming years.
Human cell types form the largest segment in terms of cell types. And the stem cell research and regenerative medicine lead the market in terms of applications. This segment is set to show a CAGR of over 18% over the period 2015-2022.
In terms of end-users, bio banks and hospitals make up the largest segment, and its share in the marketplace is 37%.
Competition in the global market is very intense, and players participate in developing advanced and new products. Corning, Lonza Group and Terumo Corporation are some of the largest companies globally.
The global market is set to showcase very quick growth, and its CAGR is likely to be double digit. This marketplace is forecast to be worth approximately USD 24 billion by 2022.
The growth will be high, but it could be higher if some restraints like ethical concerns and a high cost of research activities are eliminated.
New research report “Cell Expansion Global Market - Forecast to 2022” elaborated by IQ4I offers a comprehensive examination of the world’s market for cell expansion. The study provides a bird’s eye view on the marketplace. It throws light on forces that drive this space as well as opportunities it has.
The report discusses restraints and threats in detail and delves deep into the regulatory landscape. The research study contains Porter’s five forces and supply chain analyses. Upcoming technologies are also looked at in the research report.
The study examines the marketplace on the basis of products, applications, types and end-users. It scrutinizes performance of the market across different regions and concentrates on company developments. Profiles of major players and future outlook are on hand in the report, too.
More new research studies by IQ4I are available at its page.