Overview of This Study:
For this study, secondary and primary research were used to estimate the market’s size and future potential for cell isolation. A thorough investigation was conducted using secondary research methods to gather data about the market, its parent markets, and its peer markets. The following stage involved doing primary research to confirm these conclusions and hypotheses with industry professionals at all points throughout the value chain.
To estimate the market size of segments and subsegments, the top-down and alternative techniques’ estimates of the market were triangulated. Forecasts for market growth were created by formulating hypotheses based on supply-side and demand-side specialists’ input, industry drivers, and revenue growth and significant advancements from significant market participants.
Global Growth Driving Factors:
The market is growing due to a number of factors, including rising government support for cell-based research, an increase in the number of patients with infectious diseases and cancer, and technical developments.
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Projected Surge in Revenue:
According to revenue estimates, the global cell isolation market will be valued $4.4 billion in 2023 and is expected to increase at a compound annual growth rate (CAGR) of 13.4% from 2023 to 2028, when it reaches $8.2 billion.
The consumables segment accounted for the largest share of the product segment in the cell isolation market in 2022.
Based on product, the cell isolation market is broadly segmented into consumables, and instruments. In 2022, consumables accounted for the largest share of the cell isolation market for product. This segment’s large share can be attributed to factors such as the wide usage of reagents during cell isolation and continuous introduction of advanced consumables for cell isolation. Consumables can be used for a wide range of applications and cell types, making them a versatile choice for researchers. Some consumables, such as antibody-based cell isolation kits, are non-destructive and can isolate cells without damaging them, which is important for downstream applications. Consumables can be used to isolate large numbers of cells, which is important for applications such as cell therapy and drug discovery where large quantities of cells are needed.
The human cells segment accounted for the largest share of the cell type segment in the cell isolation market in 2022.
Based on cell type, the cell isolation market is categorized into two segments—human cells and animal cells. In 2022, human cells segment accounted for the largest share of cell isolation market. Factors such as the increasing investments by public and private organizations for research on human cells are projecting the segmental growth. The use of human cells for research is regulated by various agencies, such as the FDA and the NIH. Therefore, using human cells that have been obtained from reputable sources can ensure regulatory compliance. Human cells are directly relevant to clinical applications such as regenerative medicine, tissue engineering, and cell-based therapies. This makes human cell isolation an essential part of medical research. Human cells are diverse, which allows for the study of a wide range of diseases and conditions. Human cell isolation allows researchers to isolate specific cell types for further study.
Geographical Growth Scenario:
Asia Pacific is likely to grow at double digit growth rate during the forecast period.
The Asia Pacific region is estimated to grow at the highest CAGR in the cell isolation market during the forecast period, this is mainly due to the rising geriatric population and increasing number of hospitals in Asian countries. Moreover, increasing chronic diseases in the countries of this region is likely to boost the market. Also, growing infectious diseases in the region is attracting several foreign investors in the market. Governments in the APAC region are supporting research in various ways, such as funding research institutes and offering tax incentives to biotech and life sciences companies. This has led to an increased demand for cell isolation technologies to support this research.
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Key Players:
Some of the prominent players in the cell isolation market are Danaher Corporation (US), Merck KGaA (Germany), Thermo Fisher Scientific, Inc. (US), Becton, Dickinson and Company (US), Terumo Corporation (Japan), Agilent Technologies, Inc. (US), Bio-Rad Laboratories, Inc. (US), Corning Incorporated (US), F. Hoffmann-La Roche Ltd. (Switzerland), Miltenyi Biotec (Germany), STEMCELL Technologies (Canada), Alfa Laval (Sweden), Sartorius AG (Germany), Akadeum Life Sciences (US), Bio-Techne (US), PerkinElmer Inc. (US), Invent Biotechnologies, Inc. (US), Takara Bio, Inc. (Japan), MiCareo Inc. (US), Proteintech Group, Inc. (US), QIAGEN (Germany), Lonza (Switzerland), Promega Corporation (US), PluriSelect Life Science UG (Haftungsbeschränkt) & Co. KG (Germany), and MagBio Genomics (US).
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