North America Cell Therapy Instruments Market Analysis, Size, and Share by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027North America Cell Therapy Instruments Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product (Consumables, Equipment, Systems and Software); Cell Type (Human Cells, and Animal Cells); Process (Cell Processing, Process Monitoring and Quality Control, Cell Preservation, Distribution, and Handling); End User (Research Institutes, Life Science Research Companies, and Other End Users), and Geography
- Report Date : Oct 2020
- Report Code : TIPRE00015144
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 109
The North America cell therapy instruments market was valued at US$ 5,546.84 million in 2019 and is projected to reach US$ 14,806.33 million by 2027; it is expected to grow at a CAGR of 13.4% during the forecast period.
The rise in cell therapy transplantation's, growing numbers of research and development activities and rising investments for building cell and gene therapy manufacturing plants will drive the growth of the North America cell therapy instruments market during the forecast period. However, the high cost of low success rate and cell-based research are expected to restrain North America Cell Therapy Instruments market growth during the forecast period.
Cell therapy is the therapy involving administration of somatic cell preparations by injecting or grafting into the patient’s body for the treatment of diseases or traumatic damages. Various instruments are used to carry out cell therapy to cure diabetes, neurological disorders, related injuries, some types of cancer, bones and joints and genetic disorders.
The increasing research and development in cell therapy have led to extraordinary therapeutic developments in cell therapy instruments to improve immune system and efficiently treat genetic disorders. Various market players provide several consumables such as reagents kits and enzymes and many companies offer instruments, equipment, and software to conduct a wide range of cell therapy processes.
The use of equipment is important for the production of cell therapies such as NSC, PSC, MSC, T cells and HSC, . These cell therapy products are derived from animals or human cells and thus require safe conditions from contamination. Thus, the instruments used for cell therapies helps in preventing contamination and allows scaling up the transplantation. For instance, companies such as Hitachi Chemical Advanced Therapeutics Solutions, Corning Incorporated, Thermo Fisher Scientific Inc., Miltenyi Biotec, LLC, Invetech and Cytiva (General Electric Company) have introduced various equipment and consumables for the cell therapy.
Across North America, various healthcare research centers were working only for research on COVID 19 therapeutics. Additionally, during the initial phase of COVID-19 crisis, due to lockdown and supply chain disruptions the demand for cell therapy instruments was disrupted owing to change in customer behaviors. However, in long run cell therapy instruments market will have significant growth prospects. For instance, lack of definitive therapy offers significant opportunities for cell therapy instrumentation market as US FDA has recently approved use of plasma therapy for critically ill COVID 19 patients.
North America Cell Therapy Instruments Market Revenue and Forecast to 2027 (US$ Mn)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
North America Cell Therapy Instruments Market
By Product
- Consumables
- Equipment
- Single-Use Equipment
- Cell Processing Equipment
- Other Equipment
- Systems and Software
By Cell Type
- Human Cells
- Differentiated Cells
- Stem Cells
- Animal Cells
By Process
- Cell Processing
- Process Monitoring and Quality Control
- Cell Preservation, Distribution, and Handling
By End User
- Research Institutes
- Life Science Research Companies
- Other End Users
By Geography
- US
- Canada
- Mexico
List of Companies
- STEMCELL Technologies Inc.
- Miltenyi Biotec
- General Electric Company
- THERMO FISHER SCIENTIFIC INC.
- MERCK KGaA
North America Cell Therapy Instruments Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 5,546.84 Million |
| Market Size by 2027 | US$ 14,806.33 Million |
| Global CAGR (2019 - 2027) | 13.4% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- STEMCELL Technologies Inc.
- Miltenyi Biotec
- General Electric Company
- THERMO FISHER SCIENTIFIC INC.
- MERCK KGaA
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