The global cell separation technology market is foreseen to gather the valuation of US$ 13.6 Bn by 2027 end, according to a new study published by Transparency Market Research (TMR). The report highlights that the market will exhibit growth at double digit CAGR in the forecast period 2019 to 2027.
The latest study by TMR focuses on offering lucid data and analysis on various important facets such as the drivers, growth avenues, investment opportunities, and research and development activities in the cell separation technology market.
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Over the period of past few years, there is significant growth in the number of populace living with critical health conditions such as diabetes, cancer, and cardiovascular diseases (CVDs). Apart from this, there is considerable increase in the number of older population across major parts of the globe. All these factors have resulted into growth in the use of cell separation technology for therapeutic as well as diagnostic purposes. Thus, growing adoption of this technology is projected to drive expansion opportunities in the global cell separation technology market during the forecast period 2019–2027.
In the healthcare sector, an inclination toward the use of cell separation technology instead of traditional diagnostic procedures and pathological treatment is observed in recent few years. This scenario is translating into prodigious demand opportunities in the market for cell separation technology.
Owing to growing awareness about the advantages of cell separation technology, different pharmaceutical companies as well as government authorities from all across the globe are growing their investments toward the research activities. This scenario is working in favor of the expansion of the global cell separation technology market. Apart from this, growing focus of government bodies of several countries toward advancement of regional biotechnology industry is fueling the market development.
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Players in Cell Separation Technology Market Utilize Diverse Tactics to Expand Their Businesses
STEMCELL Technologies, Inc., Akadeum Life Sciences, Bio-Rad Laboratories, Inc., BD, 10X Genomics, Miltenyi Biotech, Zeiss, Thermo Fisher Scientific, Inc., PerkinElmer, Inc., QIAGEN, and GE Healthcare Life Sciences are some of the key players working in the global cell separation technology market.
The presence of many players makes the competitive landscape of the cell separation technology market highly intense. Many enterprises in the market are increasing focus on the new product development activities. Apart from this, several companies are entering into acquisition agreements. In addition, strengthening the distribution channels is one of the prime tactics utilized by players in the global cell separation technology market.
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North America: Dominant Region of Cell Separation Technology Market
Asia Pacific, North America, Europe, Middle East and Africa, and Latin America are important regions of the global cell separation technology market. The North America market is projected to maintain its dominant position in the forecast period. This growth is attributable to many factors including presence of precise regulatory framework, increased regional governments initiatives for further expansion of the research industry, and development of cell separation advanced technologies in the region.
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Global Cell Separation Technology Market Segmentation
The segmentation of the global cell separation technology market is performed on the basis of different key aspects such as technology, end user, application, and region. Based on technology, the market for cell separation technology is classified into fluorescence-activated cell sorting, immunomagnetic cell separation, microfluidic cell separation, density gradient centrifugation, and others.
In terms of application, the cell separation technology market is bifurcated into many parts such as immunology, stem cell research, cancer research, neuroscience, and others. On the basis of end user, the market for cell separation technology is divided into hospitals & diagnostic laboratories, academic & research institutes, biotechnology & pharmaceutical companies, and others.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Cell Separation Technology Market (Technology Type: Immunomagnetic Cell Separation, Fluorescence-activated Cell Sorting, Density Gradient Centrifugation, Microfluidic Cell Separation, and Others; Application: Stem Cell Research, Immunology, Neuroscience, Cancer Research, and Others; End User: Biotechnology & Pharmaceutical Companies, Hospitals & Diagnostic Laboratories, Academic & Research Institutes, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027.”
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