LONDON--(BUSINESS WIRE)--The global cell expansion market 2018-2022 is expected to post a CAGR of more than 15% during the forecast period, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the growing focus on personalized medicine. Healthcare providers and patients are shifting toward a model of preventive healthcare from perspective healthcare. Hence, the development of personalized medicine is becoming increasingly important, which has resulted in an exploration of new therapies for individuals with genetic anomalies.
This market research report on the global cell expansion market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the increasing research activities in stem cells as one of the key emerging trends in the global cell expansion market:
Global cell expansion market: Increasing research activities in stem cells
Stem cells are undifferentiated cells that can develop into cells that perform various functions in different parts of the body. Stem cells can divide and make an indefinite number of copies of themselves. So, stem cells can turn into various other types of cells. Thus, they are useful for understanding and treating diseases.
“Stem cells are used for various purposes including growing new cells in a laboratory to replace damaged organs or tissue, correcting parts of organs that do not function properly, testing new drugs for safety and effectiveness, and research the occurrence of diseases and factors leading to the development of cells into cancer cells,” says a senior market research analyst at Technavio.
Global cell expansion market: Segmentation analysis
This market research report segments the global cell expansion market by product (consumables and equipment) and geographical regions (APAC, EMEA, and the Americas).
The Americas led the market in 2017 with around 44% of the market share, followed by APAC and EMEA respectively. The dominance of the Americas can be attributed to the shift toward preventive and personalized healthcare and availability of efficient diagnostics procedures in the region.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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