Cell harvesting is a technique where stem cells are utilized in regeneration and transplanting the damaged organs with healthy ones. Cell harvesting technique is expected to lead in the future of biopharmaceutical industry with a wide scope ranging from the regeneration of skin in burn victims to treating cancers. Growing and harvesting mammalian cells outside of the body and in the laboratory or factory to produce new drugs and medicines is one of the most exciting arms of the modern life science industry.
The Cell Harvesting Systems Market was worth almost USD 3.8 billion in 2018 and is predicted to be growing at a CAGR of 13.7%, to reach USD 7.2 billion by 2023.
Several techniques are used to perform cell harvesting like centrifugation, microfiltration, depth filtration and filtration through absolute pore size membranes. Of the different techniques, centrifugation is the one most commonly scaled up from laboratory to factory production levels.
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The increasing demand for cell regeneration as a treatment for chronic conditions is a key driver behind the growth of the Cell Harvesting market. Other factors like increasing stem cell transplantation rate, increase in blood cancer, growing demand for bone marrow transplantation, rise in technology advancements, increasing cancer patients globally, rise in investments by the major market players, increasing prevalence of disease and rising investment in stem cell research also have a positive impact on the growth of the Cell Harvesting market.
However, high cost, immune rejection cumbersomeness of the treatment, lack of reimbursement policies, stringent regulations, complications arising during the cell harvesting, and subsequent lack of sufficient reimbursement policies prove to be restraining the growth of the market.
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The full report provides the complete information about the Cell harvesting systems market and describes the overall market size, share, trends and future analysis. It also provides the in-depth knowledge by explaining the market based on the application, technique, end-user and regional distribution.
On the basis of application, the market is separated into
On the basis of technique, the market is separated into
On the basis of end user, the market is separated into
The application segment is dominated by Peripheral Blood and is forecast to maintain its dominance in the years to come. Because a major part of cell harvesting for stem cell regeneration is done in hospitals, hospitals lead the end-use segment of the market and are expected to retain its top position in the forecast period. The growth of stem cell harvesting in academic institutes is also estimated to be fueled by the rise in research on cell harvesting.
On the basis of regional analysis, the market is separated into
Given the higher rate of stem cell research and transplantation, North America and Europe dominate the market. Increase in prevalence of cancer, rise in aging population, rapid industrialization, urbanization, and increasing living expenses are forcing both men and women to work in these developed nations. Emerging economies and awareness among the population is driving the market growth in Asia-Pacific, and is expected to witness more growth possibilities in the future.
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The full report also offers the information about competitive landscape of the market around the world.
The leading players in the current market are
A detailed description of each company has been included, with information in terms of overview, products, financials, SWOT analysis, recent developments (future capacities, key mergers & acquisitions, partnerships, collaborations, new product launches, new product developments and other latest industrial developments) and analyst overview.
Scope of the report:
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• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
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