Cell Isolation Market - Emerging Trends Majorly Boosts Global Industry Revenue


Posted October 23, 2020 by mmvaidya

The cell isolation market is expected to reach USD 13.0 billion by 2024 from USD 5.9 billion in 2019, at a CAGR of 17.2%.
 
Cell isolation is the process of isolating specific cells from the given samples. It is a powerful tool in biological research that enables an individual cell type to be isolated from a heterogeneous cell population without contamination from another cell type. This process is widely used for biomolecule isolation for the production of vaccines, drugs, antibodies, enzymes, proteins, and other biotechnology products.

Expected Revenue Growth:

The Cell Isolation Procedure Market is projected to grow from USD 5.9 billion in 2019 to USD 13.0 billion by 2024, at a CAGR of 17.2% during the forecast period.

Major Growth Boosters:

Growth in the cell isolation market is mainly driven by the growing government funding for cell-based research, the increasing number of patients who have cancer and infectious diseases, technological advancements, and the ever-increasing focus on personalized medicine.

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Industry Segmentations:

Biotechnology & biopharmaceutical companies to hold the largest share of the market during the forecast period.

Based on end users, the cell isolation market is segmented into research laboratories & institutes, hospitals & diagnostic laboratories, biotechnology & biopharmaceutical companies, and other end users. The biotechnology & biopharmaceutical companies segment accounted for the largest market share in 2018. The large share of this segment is attributed to the widespread adoption of advanced instruments in cell-based experiments and cancer research in biotechnology & biopharmaceutical companies and the increasing number of R&D facilities globally.

The centrifugation-based cell isolation technique is expected to hold the largest share of the market during the forecast period.

On the basis of technique, the Cell Isolation Procedure Market is segmented into centrifugation-based cell isolation, surface marker-based cell isolation, and filtration-based cell isolation. The centrifugation-based cell isolation segment is expected to account for the largest market share in 2018. This technique is used on a large scale by biotech and biopharmaceutical companies and its cost-effectiveness in both small-scale and large-scale operations is a major reason its dominant share.

Cell isolation consumables dominated the market in 2018.

On the basis of type, the cell isolation market is segmented into consumables and instruments. In 2018, the consumables segment accounted for a larger share of the cell isolation market. The dominant share of this segment can be attributed to the increasing investments by companies to develop technologically advanced products and the repetitive use of consumables.

North America held the largest share of the market in 2018.

The cell isolation market is segmented into four major geographic segments North America, Europe, Asia Pacific, and the Rest of the World. In 2018, North America commanded the largest share of the cell isolation market, followed by Europe. The large share of the North American market is attributed to technological advancements, growth in the biotechnology and pharmaceutical industries, increasing prevalence of chronic and infectious diseases, and higher investments in cell-based research in the region.

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Global Market Players:

Prominent players in the Cell Isolation Procedure Market include Beckman Coulter (US), Becton, Dickinson and Company (US), GE Healthcare (US), Merck KgaA (Germany), Miltenyi Biotec (Germany), pluriSelect (Germany), STEMCELL Technologies Inc. (Canada), Terumo BCT (US), Thermo Fisher Scientific (US), and Bio-Rad Laboratories Inc. (US).

The key strategies followed by most companies in the cell isolation market are product launches, expansions, agreements, and acquisitions to achieve growth in the cell isolation market. The product launches accounted for the largest share of the overall growth strategies adopted from 2015 to 2018.

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Issued By Makarand Vaidya
Country United States
Categories Biotech , Industry , News
Tags cell isolation procedure , cell isolation procedure market
Last Updated October 23, 2020