Cell Harvesting Systems Market size and growth: Cell Harvesting Systems Market size was around USD 3.8 billion in 2018. It is expected to grow at a CAGR of 13.7% to reach USD 7.2 billion by 2023.
Cell Harvesting Systems Market Overview:
Cell harvesting is a technique where stem cells are utilized in regeneration and transplanting the damaged organs with healthy ones. Cell harvesting technique is expected to lead in the future of biopharmaceutical industry with a wide scope ranging from the regeneration of skin in burn victims to treating cancers.
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Cell Harvesting Systems Market Drivers and Restraints:
The increasing demand for cell regeneration as a treatment for chronic conditions is a key driver behind the growth of the Cell Harvesting market. Other factors like increasing stem cell transplantation rate and rising investment in stem cell research also have a positive impact on the growth of the Cell Harvesting market. However, the cumbersomeness of the treatment, complications arising during the cell harvesting, high cost, and subsequent lack of sufficient reimbursement policies prove to be restraining the growth of the market.
Report segmented as
By Techniques:
• Blastomere Extraction
• Altered Nuclear Transfer
By Application:
• Bone Marrow
• Umbilical Cord
• Adipose Tissue
• Peripheral Blood
By End-user:
• Academic Institutes
• Hospitals
• Diagnostic Labs
• Research Centres
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Geographical Analysis:
The market is also segmented geographically into Asia Pacific, Europe, Middle East & Africa, Latin America and North America. Given the higher rate of stem cell research and transplantation, North America and Europe dominate the market. Increase in prevalence of cancer and the rise in aging population also propels the market growth in these areas.
Important Market Players:
The leading players in the current market are Avita Medical; Tomtec; Terumo Corporation; Perkin Elmer, Inc; Argos Technologies, Inc; Bertin Technologies; Arthrex, Inc; Brand GmBh + CO KG; Thomas Scientific; and Tereflex, Inc.
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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