North America Dominates Global Cell Expansion Market, Informs IQ4I in Its Insightful Research Report Uploaded at MarketPublishers.com14 Dec 2016 • by Natalie Aster
LONDON – The world’s market for cell expansion is expected to amount to over USD 23.9 million by 2020. The market is predicted to grow, registering a double digit CAGR up till 2020. The market growth will be encouraged by a range of factors, including increasing chronic disease incidence, rising investments into cell-based products R&D and increasing government funding. Moreover, expanding adoption of 3D cell expansion technology and a rising number of GMP-certified production facilities also spur growth in the world cell expansion market. On the other hand, the cell expansion market faces certain hurdles such as strict regulatory policies, various ethical concerns, high-costs of cell-based research, to name only a few.
Region-wise, North America currently holding a top position in the global cell expansion market, followed by Europe and APAC. The latter is expected to grow at the fastest rate, posting a remarkable CAGR of almost 21% till 2022. APAC is recognized as a very appealing region, which presents numerous lucrative opportunity for investors and market plyers both established and new. Growth in this regional market is propelled primarily by rising government initiatives for stem cell research and increasing incidences of chronic diseases.
Becton Dickinson and Company, Lonza Group, Danaher Corporation, Corning, STEMCELL Technologies, Merck KGAA, Eppendorf AG, GE Healthcare, Miltenyi Biotec, Terumo Corporation and ThermoFisher Scientific, amongst others, are the top companies active in the world’s cell expansion market.
Insightful research report “Cell Expansion Global Market - Forecast to 2022” prepared by IQ4I presents a detailed review of the global market for cell expansion. It offers an in-depth analysis of the key market segments (by product, product, type, applications, end users), investigates the major geographical markets (North America, Europe, APAC and RoW). Moreover, the study covers the main factors influencing the market growth and development (drivers, opportunities, restraints and threats), comprises Porter’s five force analysis and market shares analysis, features the regulatory landscape, delves into supply chain, highlights top existing and emerging technologies, covers patent trends and outlines future prospects. Insights into competitive landscape and details on top companies are provided in the publication. Five-year future outlook for the cell expansion market is available here, too.
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