Revenue Analysis Middle East and Africa Cell Expansion Market 2021
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The Middle East and Africa Cell Expansion Market was worth USD 1.27 billion in 2016 and is projected to be growing at a CAGR of 14.9%, to touch USD 2.55 billion by 2021. Cell Expansion is done by the process of cloning, which involves the origin of the state of cells or substances from the same cell or varied sources. The required setting for stem cell expansion is preserved by a combination of various media, reagents and supplements and may also involve the participation of healthy feeder populations or conditioned components taken off feeder cells.
The growth of the Middle East and Africa Cell Expansion Market is majorly riding on the increasing demand for regenerative medicines that provide swift results and have high compatibility with patients. Increasing investments by governmental and administrative bodies to further enhance research in this market is also an augmenting driving factor of the market. Other driving factors of the market include the growing frequency of incidence of chronic diseases, rising private sector investments for the development of cell-based products and growing number of Goods Manufacturing Practice (GMP) certifications of production facilities, which ensure that the products are produced consistently and satisfy quality standards. The constraints faced by the growth of the cell expansion market include the requirement of skilled workforce and high-tech instrumentation.
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The Middle East and Africa Cell Expansion Market is segmented on the basis of Product, Cell Type, Application, End User and Geography. Based on Product, the Cell Expansion market is divided into Instruments, Consumables and Disposables. Consumables include reagents, media and serum, and disposables. The instruments segment consists of cell expansion supporting equipment, bioreactors, and automated cell expansion systems. The cell expansion supporting equipment segments is segmented into flow cytometer, centrifuges, cell counter, and other supporting equipment. Bioreactors are further classified into micro-carrier bioreactors and perfusion/hollow fibre reactors. Disposables are further classified into tissue culture flasks, bioreactor accessories, and other disposables. On the basis of cell type the market is segmented into Human Cells and Animal Stem Cells. The human cells segment is further divided into Human Differentiated stem cells and Human stem cells, with the human stem cells segment further categorised into embryonic stem cells, adult stem cells and induced pluripotent stem cells. By Application, the cell expansion market is categorised into Regenerative Medicine and Stem Cell Research, and Cancer and Cell Based Research. On the basis of End User, the market is distributed among hospitals, biotech and pharma companies, and academic and research institutes.
The market has been geographically segmented into Middle East and Africa. The high occurrence of chronic ailments is leading to swelling demand for Cell Expansion, which is expected to drive the market growth in the future. Currently, the Middle-East and Africa market faces slow growth due low awareness about these techniques among the populace which is further amplified by low infrastructural investments in this sector. However, propositions by key companies to expand into untapped markets is expected to augment market growth in the Middle-East and Africa, which is reflected in its CAGR of almost 15%.
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The key players in the Middle-East and Africa Cell Expansion Market are Beckman Coulter, Inc. (U.S.), Becton, Dickinson and Company (U.S.), Corning, Inc. (U.S.), GE Healthcare (U.K.), Lonza (Switzerland), Merck KGaA (Germany), Miltenyi Biotec (Germany), STEMCELL Technologies, Inc. (Canada), Terumo BCT, Inc. (U.S.), and Thermo Fisher Scientific, Inc. (U.S.).
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The growth of the Middle East and Africa Cell Expansion Market is majorly riding on the increasing demand for regenerative medicines that provide swift results and have high compatibility with patients. Increasing investments by governmental and administrative bodies to further enhance research in this market is also an augmenting driving factor of the market. Other driving factors of the market include the growing frequency of incidence of chronic diseases, rising private sector investments for the development of cell-based products and growing number of Goods Manufacturing Practice (GMP) certifications of production facilities, which ensure that the products are produced consistently and satisfy quality standards. The constraints faced by the growth of the cell expansion market include the requirement of skilled workforce and high-tech instrumentation.
Full report at: http://www.marketdataforecast.com/market-reports/middle-east-and-africa-cell-expansion-market-2669/
The Middle East and Africa Cell Expansion Market is segmented on the basis of Product, Cell Type, Application, End User and Geography. Based on Product, the Cell Expansion market is divided into Instruments, Consumables and Disposables. Consumables include reagents, media and serum, and disposables. The instruments segment consists of cell expansion supporting equipment, bioreactors, and automated cell expansion systems. The cell expansion supporting equipment segments is segmented into flow cytometer, centrifuges, cell counter, and other supporting equipment. Bioreactors are further classified into micro-carrier bioreactors and perfusion/hollow fibre reactors. Disposables are further classified into tissue culture flasks, bioreactor accessories, and other disposables. On the basis of cell type the market is segmented into Human Cells and Animal Stem Cells. The human cells segment is further divided into Human Differentiated stem cells and Human stem cells, with the human stem cells segment further categorised into embryonic stem cells, adult stem cells and induced pluripotent stem cells. By Application, the cell expansion market is categorised into Regenerative Medicine and Stem Cell Research, and Cancer and Cell Based Research. On the basis of End User, the market is distributed among hospitals, biotech and pharma companies, and academic and research institutes.
The market has been geographically segmented into Middle East and Africa. The high occurrence of chronic ailments is leading to swelling demand for Cell Expansion, which is expected to drive the market growth in the future. Currently, the Middle-East and Africa market faces slow growth due low awareness about these techniques among the populace which is further amplified by low infrastructural investments in this sector. However, propositions by key companies to expand into untapped markets is expected to augment market growth in the Middle-East and Africa, which is reflected in its CAGR of almost 15%.
Request sample: http://www.marketdataforecast.com/market-reports/middle-east-and-africa-cell-expansion-market-2669/request-sample
The key players in the Middle-East and Africa Cell Expansion Market are Beckman Coulter, Inc. (U.S.), Becton, Dickinson and Company (U.S.), Corning, Inc. (U.S.), GE Healthcare (U.K.), Lonza (Switzerland), Merck KGaA (Germany), Miltenyi Biotec (Germany), STEMCELL Technologies, Inc. (Canada), Terumo BCT, Inc. (U.S.), and Thermo Fisher Scientific, Inc. (U.S.).
About Market Data Forecast:
The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the client’s research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering North America among other regions of the global market as well. For more info kindly visit, www.marketdataforecast.com
Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases