The global cell harvesting market is expected to grow significantly over the forecast period. It is estimated that the global cell harvesting market is expected to register a CAGR of Approx. 8.75% with an estimated market value of USD 209.5 million during the forecast period from 2018 to 2023. Cell harvesting is performed by separating the cell culture from the growing medium, involving techniques such as centrifugation, microfiltration, and depth filtration.
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Numerous factors such as an increase in chronic infections and diseases, the rapid growth of the biotechnology and pharmaceutical industries, and rising research in regenerative medicines are expected to drive the growth of the market. Moreover, the cost-effectiveness, ease of use, the durability of harvesters, technological advancements, and design development of cell harvester devices fuel the growth of the market. Several companies are also involved in new product launches to strengthen their position in the market. For instance, in September 2018, AVITA Medical, a global regenerative medicine company, announced that the US Food and Drug Administration (FDA) approved the Company’s Premarket Approval (PMA) application to market the RECELL Autologous Cell Harvesting Device (RECELL System). This device helps to treat severe burns in patients of 18 years and older.
Regional Analysis:
The market in the Americas is expected to dominate the global cell harvesting market during the forecast period owing to the presence of 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. The European market is expected to be the second-largest due to government funding and support of the healthcare sector. 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. Moreover, the market in Asia-Pacific is anticipated to be the fastest-growing during the assessment period owing to the presence of a huge patient population and continuously developing economies. However, the Middle East and Africa has the least share of the market.
Segmentation:
The global cell harvesting market has been segmented into product type, application, and end user.
The 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 due to increased awareness and rise in the use of automated technologies in devices.
The market, by application, has been segmented into biopharmaceutical application, stem cell research, and others.
The market, by end user, has been segmented into pharmaceutical companies, biotechnology companies, research institutes, and others.
The pharmaceutical companies segment is estimated to account for the largest share. This owes to the increase in research and development activities of companies to come up with new innovative treatment options. The biotechnology companies segment is estimated to be the fastest growing due to the growing awareness about the advantages of using biotechnology techniques.
Key Players:
Some of the key players in the global cell harvesting market are ads-tec GmbH, Avita Medical, Argos Technologies, Inc., Arthrex, Inc., Bertin, connectorate, Cox Scientific, hynoDent AG, PerkinElmer Inc., Scinomix, Teleflex Incorporated, and Terumo Corporation.
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