The global cell separation technologies market is accounted for more than US$ 5.0 Bn in year 2019
Meridian Market Consultants (MMC) has published a new report titled, “2020-2025 Global and Regional Cell Separation Technologies Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report (Enhanced Version)”
Global cell separation technologies market, By Technology (Gradient centrifugation, Surface Markers Separation, Fluorescence-Activated Cell Sorting, and Magnetic Cell Sorting), By Application (Oncology Research, Neuroscience Research, Stem Cell Research, and Microbiology, Immunology Research), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2025.
In 2019, the global cell separation technologies market is accounted for more than US$ 5.0 Bn and expected to grow at a significant CAGR of 11.8% during the forecast period and expected to reach to the value of US$ XXX Bn in 2025.
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As per the report, the increase in the prevalence of chronic diseases such as cancer among the population across the world is majorly contributing to the growth of the global cell separation technologies market. Cell separation technologies break down the cells separately from a batch of several cells.
The cell separations technology is practiced on the basis of tangible characteristics such as size, shape, and protein expression. Cell separation techniques promote its utility in the treatment of chronic diseases, such as cancer and AIDS. In addition, cell separation technology is widely used in stem cell research and cancer research.
Owing to the widespread applications of cell separations technology in the field of life sciences, ranging from stem cell and oncology research to routine clinical diagnosis, there has been a rise in research and development activities across the world, which is primarily boosting the growth of the global cell separation technologies market.
Also, the rising number of government initiatives taken to improve the domestic biotechnology industry as well as increased spending in the field of biotechnology and life sciences are also supporting the growth of the global cell separation technologies market.
In addition, the advancements such as cell isolations, time, higher purity yield, and cost-effectiveness in cell separation technology are the major factors expected to positively fuel the growth of the global cell separation technologies market over the forecast period.
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Moreover, cell separation enables an individual cell type to be detached from a contrasting cell population without adulteration from different cell types and hence considered a powerful technology that assists biological research. Owing to which, the applications for cell separation technologies have widened to the biomolecule isolation for the manufacturing of drugs, vaccines, enzymes, antibodies, proteins, and other biotechnology products.
In addition to that, the growing focus of various biotechnology and pharmaceutical companies across the world to engage in stem cell therapeutics is also projected to accelerate the growth of the global cell separation technologies market in the forthcoming future.
However, the inadequacy of skilled medical experts across the globe and regulations may restrain the growth of the global cell separation technologies market.
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MMC study identifies some of the key participating players in the cell separation technologies market globally are PluriSelect GmbH, Life Technologies (Thermo Fisher Scientific, Inc.) STEMCELL Technologies, Miltenyi Biotec, EMD Millipore, and BD Bioscience, among others.
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