ID: MRFR/LS/5337-HCR | 90 Pages | Author: Rahul Gotadki | December 2023
The cell harvesting market size is projected to reach USD 9.93 Billion by 2032 at 11% CAGR during the forecast period 2023-2032. Cell harvesting involves separating the cell culture from the growth media using procedures including centrifugation, microfiltration, and depth filtration.
Numerous reasons, including an increase in chronic illnesses and disorders, rapid expansions in the biotechnology and pharmaceutical sectors, and increased research in regenerative treatments, are projected to boost the cell harvesting industry. Furthermore, the cost-effectiveness, convenience of use, and durability of harvesters, as well as technical breakthroughs and design improvement of cell harvester devices, drive the cell harvesting market's growth. Several corporations are also launching new products to boost their market position.
Key players:
ads-tec GmbH, Argos Technologies, Inc., Arthrex, Inc., Avita Medical, Bertin, connectorate, Cox Scientific, hynoDent AG, PerkinElmer Inc., Scinomix, Teleflex Incorporated, and TERUMO CORPORATION are some of the key players in the cell harvesting market.
Intended Audience
However, the technical complexity of harvesters, coupled with ethical issues related to embryonic stem cell research may curb the growth of the cell harvesting market. Stringent government regulations and mandatory licensing rules may also hamper the market growth during the assessment period.
The cell harvesting market has been segmented into product type, application, and end user.
The cell harvesting market, on the basis of product type, has been segmented into manual cell harvesters and automated cell harvesters.
The manual cell harvesters segment is estimated to hold the largest share owing to the high preferability of manual cell harvesters, whereas the automated cell harvesters segment is expected to be the fastest growing segment due to increased awareness and rise in the use of automated technologies in devices.
The cell harvesting market, by application, has been segmented into biopharmaceutical application, stem cell research, and others.
The cell harvesting market, by end user, has been segmented into pharmaceutical companies, biotechnology companies, research institutes, and others.
The cell harvesting market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East and Africa.
Regional Market Summary
Geographically, the Americas is anticipated to dominate the cell harvesting market owing to a well-developed healthcare sector and growing healthcare expenditure. For instance, according to the data published by the Committee for a Responsible Federal Budget in May 2018, the US spent about USD 3.5 trillion, or 18% of its Gross Domestic Product (GDP) on health expenditures, which accounted for more than twice the average among developed countries in 2017. Additionally, many companies in this region focus on the innovation of new treatment options, thus being a lucrative option for the growth of the cell harvesting market in this region.
Europe is expected to hold the second largest position in the cell harvesting market. The market growth in this region owes to the availability of funds for research. For instance, according to the data published by the National Institute of Health Funding (NIHR) in 2016, funding of EUR 928 million was announced for new NIHR Biomedical Research Centers (BRC) and NIHR Clinical Research Facilities (CRF) for five years starting from April 2017.
Asia-Pacific is anticipated to be the fastest growing region in the cell harvesting market due to the presence of a huge patient population and continuously developing economies.
Cell Harvesting Market Share (%), by Region
Source: World Health Organization (WHO), Centers for Disease Control and Prevention (CDC)
On the other hand, the Middle East and Africa has the least share of the market. The majority of the market of this region is expected to be held by the Middle Eastern region due to growing government initiatives for the healthcare sector.
The report for Cell Harvesting Market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.Recent Development
ADS-TEC is a producer and provider of high-quality, long-lasting Industrial IT systems, as well as high-performance battery systems and full storage solutions. ADS-in-house TEC's development is characterized by over 35 years of experience and professional skill in system development. ADS-TEC, a medium-sized company, employs around 240 people at two locations in Germany. The headquarters were transferred from Leinfelden-Echterdingen to a new facility in Nuertingen, near Stuttgart, in May 2014. The headquarters are supplemented by a manufacturing facility in Wilsdruff, near Dresden.
Argos Technologies delivers one-of-a-kind equipment and materials to help life scientists improve science. We stock the whole Argos Technologies product range, including the famous PolarSafe® products, for liquid handling, microbiology, cell biology, general laboratory, tabletop equipment, and cryogenic storage. Cryogenic storage racks and boxes, cryogenic vials and caps, upright freezer racks, labels, pipettes, pipette controllers, cell spreaders, mini centrifuges, centrifuge tubes, tube rotators, and other items are available in Agro technologies.
Report Attribute/Metric | Details |
Market Size | 9.93 Billion |
CAGR | 11% |
Base Year | 2021 |
Forecast Period | 2032 |
Historical Data | 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Product Type, Application, and End user |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Ads-tec GmbH, Argos Technologies, Inc., Arthrex, Inc., Avita Medical, Bertin, connectorate, Cox Scientific, hynoDent AG, PerkinElmer Inc., Scinomix, Teleflex Incorporated, and TERUMO CORPORATION |
Key Market Opportunities | · Increase in chronic infections and diseases · The rapid growth of the biotechnology and pharmaceutical industries · Rising research in regenerative medicines |
Key Market Drivers | · Cost-effectiveness · Ease of use · The durability of harvesters · Technological advancements · Design development of cell harvester devices |
Cell harvesting is performed by separating the cell culture from the growing medium, involving techniques such as centrifugation, microfiltration, and depth filtration.
Centrifugation and microfiltration are two methods most commonly used for harvesting.
The cell harvesting market is predicted to touch USD 9.93 Billion by 2032.
The Americas is projected to command the largest share in the cell harvesting market.
Pharmaceutical companies will lead the cell harvesting market.
Mandatory licensing rules may limit market growth.
The cell harvesting market is projected to grow at an 11.40% CAGR between 2022-2030.
Key Questions Answered
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