The cell expansion market is driven by the increasing demand for cell-based therapies and personalized medicine. The market is also driven by the increasing prevalence of chronic diseases and the need for innovative treatment options. Advancements in technology and the development of automated systems for cell expansion are also contributing to market growth. However, the high cost of cell-based therapies and the regulatory challenges associated with their development and commercialization pose a challenge to market growth. Additionally, ethical concerns related to the use of embryonic stem cells and the lack of standardization in cell expansion protocols also hinder market growth. Overall, the cell expansion market is expected to experience steady growth in the coming years, driven by the increasing demand for cell-based therapies and the continued development of innovative technologies.
Cell Expansion Market
The global is estimated to be valued at US$ 16,035.5 Mn in 2022 and is expected to exhibit a CAGR of 11.8% over the forecast period (2022-2030)
Becton, Dickinson and Company
Becton, Dickinson and Company, also known as BD, is a global medical technology company that was founded in 1897. Its headquarters are located in Franklin Lakes, New Jersey, USA. BD operates in over 190 countries, providing medical supplies and devices, diagnostic products, and laboratory equipment to healthcare institutions and laboratories around the world. In March, 2023 BD (Becton, Dickinson and Company) a leading global medical technology company, announced that it has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for the BD Vaginal Panel on the BD COR™ System, a comprehensive diagnostic test that directly detects the three most common infectious causes of vaginitis using BD's high-throughput molecular diagnostic platform for large laboratories.
Sartorius AG
Sartorius AG is a German-based international laboratory and pharmaceutical equipment provider founded in 1870. Its headquarters are located in Göttingen, Germany. Sartorius operates in more than 110 countries and provides a range of products including lab balances, pipettes, bioreactors, and other laboratory equipment for the pharmaceutical and biotech industries. In December, 2022 Sartorius agrees with BICO on strategic cooperation as well as a 10 percent capital investment
Merck KGaA
Merck KGaA is a global science and technology company founded in 1668, with its headquarters in Darmstadt, Germany. The company operates in more than 70 countries, providing a wide range of products and services for the pharmaceutical, biotechnology, and life science industries, including chemicals, lab equipment, and software.
Corning, Inc.
Corning, Inc. is a US-based technology company founded in 1851, with its headquarters located in Corning, New York. The company operates in more than 40 countries and provides a range of products including specialty glass, ceramic materials, and lab equipment for the pharmaceutical, biotech, and life science industries. In November, 2022 Corning Incorporated announced that it is collaborating with Wesco International and Nokia to help accelerate and simplify last-mile broadband deployment in rural and regional networks.