Global Cell Harvesting Market Set for a Positive Growth Forecast at CAGR of 8.7% till 2023

Bharat Book Bureau Provides the Trending Market Research Report on Global Cell Harvesting Market, Forecast to 2023 under Life Sciences category. The report provides information on industry overview, market size, latest developments, industry trends, Key Players, global presence, and their future prospects.

Cell Harvesting Market is projected to grow at a CAGR of 8.7%

The cell harvesting market is estimated at USD 213.87 million in 2018 and expected to grow at a CAGR of 8.7% to reach USD 324.5 million market by 2023. Factors driving this market include rising investments in regenerative medicine and cell-based research, growth of the biotechnology and biopharmaceutical industry, and increasing incidence of chronic and infectious diseases. However, the growing use of single-use bioprocessing containers is the major factor hampering the growth of the market.

Request a free sample copy of Cell Harvesting Market Report @ https://www.bharatbook.com/request-sample/345312

In 2017, the biopharmaceutical applications segment accounted for the largest share of the market

The cell harvesting market is classified on the basis of applications into biopharmaceutical applications, stem cell research, and other applications. The biopharmaceutical applications segment accounted for the largest share of this market segment. This growth can be attributed to the increasing demand for biopharmaceutical products in the treatment of infectious and chronic diseases and the growth of the biopharmaceutical industry worldwide.

Biotechnology & biopharmaceutical companies are expected to register the highest CAGR during the forecast period

On the basis of end users, the cell harvesting market is classified into research institutes, biotechnology & biopharmaceutical companies, and other end users. The biotechnology & biopharmaceutical companies segment is expected to register the highest growth rate during the forecast period. This growth can be attributed to the increasing R&D activities to develop new products across the globe.

North America accounted for the largest regional segment in the market

Geographically, the cell harvesting market is dominated by North America, followed by Europe. The North American region is estimated to account for the largest share in 2018, and the trend is expected to continue during the forecast period. The growth in this market can be attributed to the presence of major key players in the region, growing prevalence of chronic diseases, increasing R&D expenditure, and private and government funding for cell-based research.

The primary interviews conducted for this report can be categorized as follows:

- By Company Type - Tier 1 – 32%, Tier 2 – 23% and Tier 3 – 45%
- By Designation – C-level – 15%, Director-level – 32%, Others – 53%
- By Region – North America - 34%, Europe – 27%, Asia Pacific – 23%, RoW – 16%

Key players operating in the cell harvesting market include PerkinElmer (US), Brandel (US), TOMTEC (US), Cox Scientific (UK), Connectorate (Switzerland), Scinomix (US), ADSTEC (Japan), and Terumo BCT (a part of Terumo Corporation) (Japan).

To browse full research report with TOC, click the link below :
https://www.bharatbook.com/biotechnology-market-research-reports-345312/cell-harvesting-type-end-user-region-global-forecasts.html

About Bharat Book Bureau:
Bharat Book Bureau is the leading market research information provider for market research reports, company profiles, industry study, country reports, business reports, newsletters and online databases. Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.

Contact us at:
Bharat Book Bureau
Tel: +91 22 27810772 / 27810773
Email: poonam@bharatbook.com
Website: www.bharatbook.com
Follow us on : Twitter, Facebook, LinkedIn, Google Plus

Comments