Cell Harvesting System Market Size Worth $10.17 Billion By 2025

Cell Harvesting System Market Growth & Trends

The global cell harvesting system market is expected to reach USD 10.17 billion by 2025, according to a new report by Grand View Research, Inc. The increasing demand for stem cell-based therapies, owing to the growing base of aging population and increasing prevalence of chronic diseases, is one of the major factors contributing toward lucrative market growth.

Growing investment in stem cell research is one of the high impact rendering drivers contributing to the demand for stem cells, which thereby contributes to the growth of the cell harvesting system market. There has been a significant rise in the stem cell transplantation rate globally, which is another major driver for increasing demand across the globe. Growth in autologous stem cell transplantation along with increasing stem cell banking is stimulating demand for cell harvesting system.

The potential use of stem cells in regenerative medicine, such as in the case of cancer, trauma, congenital diseases, etc., is also one of the factors contributing to the demand for stem cells for research, thereby contributing toward the growth of cell harvesting system market across the globe. The rising prevalence of certain diseases such as cancer is expected to drive the growth of this market over the forecast period.

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Cell Harvesting System Market Report Highlights

• Umbilical cord, bone marrow, peripheral blood, adipose tissue, and other sources are the application segments analyzed in this study. Peripheral blood dominates the application market and is expected to do maintain its dominance over the forecast period.

• Hospitals held the largest share in the end-use segment and is expected to hold the largest share over the forecast period, as a majority of stem cell harvesting for transplantation and banking is done in hospitals. Rise in stem cell research is expected to contribute to the growth of stem cell harvesting in academic institutes and R&D centers.

• North America and Europe dominated the cell harvesting system market owing to the high rate of stem cell transplantation and research. Aging population and rising prevalence of cancer are further expected to contribute to the growth of the market in these regions.

• Some of the key players are Argos Technologies, Inc.; Perkin Elmer, Inc.; Brand GmBh + CO KG; Arthrex, Inc.; Avita Medical; Tomtec; Terumo Corporation; Teleflex, Inc.; and Bertin Technologies.

Cell Harvesting System Market Segmentation

Grand View Research has segmented the global cell harvesting system market on the basis of product, application, end use, and region:

Application Outlook (Revenue, USD Million, 2014 - 2025)

• Umbilical Cord

• Bone Marrow

• Peripheral Blood

• Adipose Tissue

• Other Sources

End-use Outlook (Revenue, USD Million, 2014 - 2025)

• Hospitals

• Clinics

• Academic institutes

• R&D centers

Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America

  • The U.S.

  • Canada

• Europe

  • Germany

  • The U.K.

• Asia Pacific

  • China

  • Japan

• Latin America

  • Brazil

  • Mexico

• MEA

  • South Africa

  • Saudi Arabia