The Cell Harvesting Global Market Report 2023 by The Business Research Company, provides cell harvesting market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Cell Harvesting Global Market Report 2023, the market size is expected to grow from $9.44 billion in 2022 to $10.11 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%.The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global cell harvesting market is expected to reach $12.86 billion in 2027 at a CAGR of 6.2%.
Rising cases of chronic disease are expected to propel the growth of the cell harvesting market going forward. Chronic disease refers to health problems that persist for a year or longer and necessitate continuing medical care, restricting everyday activities, or both. The rising number of chronic diseases requires more research to find novel treatments for diseases that require cell-harvesting procedures for drug development.
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The cell harvesting market is segmented:
1) By Type: Manual Cell Harvesters, Automated Cell Harvesters
2) By End-Users: Biotechnology and Biopharmaceutical Companies, Research Institute, Other End-Users
3) By Distribution Channel: Retail, Direct Tenders
Technological advancements are a key trend gaining popularity in the cell harvesting market. Major players are concentrating their efforts on creating innovative technologies to sustain their position in the cell harvesting market. For instance, in September 2022, Thermo Fisher Scientific Inc., a US-based scientific manufacturing company, launched the DynaSpin™ Single-Use Centrifuge System based on DynaSpin technology. The technology is specially created to offer the best single-use answer for extensive cell culture collection and offer centrifugation for cell harvesting. The DynaSpin system helps biological producers achieve their sustainability targets while lowering overall production costs. This device delivers up to a six-fold decrease in material requirements, eliminating 70% of waste compared to conventional harvest systems by lowering the number of filters needed for harvesting for the production of biologics.
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Top Major Players
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