The size of the global cell harvesting systems market was around USD 3.8 billion in 2020. It is expected to grow at a CAGR of 13.7% to reach USD 7.2 billion by 2025.
The cell harvesting technique is expected to lead the biopharmaceutical market in the future, mainly due to its broad scope of diseases like skin regeneration after burns, cancer, etc.
MARKET DRIVERS:
Factors such as increasing demand for stem cell-based therapy and rising investment in clinical research are primarily accelerating the growth of the cell harvesting systems market.
The growing aging population and an increase in the number of cardiovascular cases are other significant factors propelling the market. The rising transplantation rate and the increasing demand for stem cell banking also play a responsible role in the increasing requirement of harvesting across the globe. Overall growth in the biotechnology industry will have a positive impact on the cell harvesting market.
Increased bone marrow transplantation procedures due to the high prevalence of blood cancer and anemia drive the cell harvesting systems market. The demand for stem cell-based therapy is expected to grow as the population ages, and the prevalence of chronic diseases such as cardiovascular disease rises are propelling the market demand. Cell harvesting systems aid in scar regeneration by improving proper pigmentation, which encourages businesses to invest in ongoing technological advancements in cell isolation techniques and downstream purification processes. Due to the high concentration of bone marrow stem cell harvesting centers and registries and qualified doctors for harvesting stem cells, the demand for cell harvesting systems is growing at a higher rate.
The increasing investment in regenerative medicine and cell-based science and the growth of the biotechnology and pharmaceutical industries are all pushing the cell harvesting market forward. Many companies are working on myocardial tissue regeneration through the infusion of cell grafts made up of adult stem cells from patients to create regenerative medicines. Various technological advancements are expected to fuel new and better technologies with improved performance, propelling the cell harvesting systems market during the forecast period. Furthermore, rising investment in logistic facilities, expanding the bone marrow transplant registry for heart and neuronal disorders, and rising per capita healthcare expenditure are all factors to consider as opportunities for market growth.
MARKET RESTRAINTS:
Immune rejection and a lack of reimbursement policies are expected to stymie the global cell harvesting systems market. However, ethical concerns about embryonic stem cells and unapproved stem cell therapy offered by healthcare providers in unregulated regions like Latin America and the Asia Pacific are expected to restrain the market growth over the forecast period. The ethical issues surrounding stem cell therapies and the high cost of the therapy could limit the market's growth during the forecast period.
The global cell harvesting systems market is further restricted to the ethical issues that have risen along with the stem cell market's growth. Unapproved stem-cell therapy prevalent in Latin America and Asia Pacific region is also a significant reason that might restrict the growth. Countries with no proper technology will restrain themselves from using this technique, thus limiting the growth in that region.
The high cost of inconvenient therapy, viable cell density, and problems during cell harvesting, an inadequate number of HSCs (Hematopoietic stem cells) cells for transplantation, and the identification of stem cells in adult tissues are all major challenges to the cell harvesting systems sector.
COVID-19 impact on the global cell harvesting systems market:
COVID 19 has had a lot of effect on the market. Scientists are trying to find a cure for COVID 19 using advanced harvesting. Governments have now seen the potential of stem cell harvesting in treating diabetes, cardiovascular diseases, etc. Thus, more funds are being allotted for further research and development. Policies are also being regulated for private firms in the field of stem cell marketing. The benefit of harvesting in treating diabetes is very beneficial for patients as the covid19 affects people with diabetes and cardiovascular problems. By the end of COVID 19, we may see significant development in this market.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2019 to 2025 |
|
Base Year |
2019 |
|
Forecast Period |
2020 to 2025 |
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Segments Covered |
By Application, End User, Technique, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Avita Medical, Tomtec, Terumo Corporation, Perkin Elmer, Inc., Argos Technologies, Inc., Bertin Technologies, Arthrex, Inc., Brand GmBh + CO KG, Thomas Scientific and Tereflex, Inc. |
This research report on the global cell harvesting systems market has been segmented and sub-segmented into the following categories and analyzed market size and forecast for each segment until 2025.
Cell Harvesting Systems Market– By Application:
Based on the application, the application segment is dominated by Peripheral Blood and is forecast to maintain its dominance in the years to come. The peripheral blood had the largest market segment in 2019 and is expected to grow at a promising rate during the forecast period. It can be attributed to the high use of peripheral blood in stem cell transplants and the growing use of peripheral blood in stem cell research. The governments are now collaborating to expand the research in this field due to good past results.
Adipose tissue is expected to witness the highest growth rate during the forecast period but has a fourth place in market share. The growth is fast due to the retrieval of many stem cells from liposuction and their potential use in regenerative medicine. The increase in regenerative medicine will drive growth further.
The Bone marrow segment was the second-largest in 2019 and is expected to grow at a healthy rate. The benefits of this are huge, and the government's support drives growth at a swift pace.
The umbilical cord is expected to grow at the second-fastest rate. The growth is owing to its increasing use in transplantation and potential use in other therapies.
Cell Harvesting Systems Market – By End User:
Based on end-user, because a significant part of cell harvesting for stem cell regeneration is done in hospitals, hospitals lead the end-user segment of the market. They are expected to retain their top position in the forecast period. The growth of stem cell harvesting in academic institutes is also estimated to be fuelled by the rise in cell harvesting research.
Hospitals held the largest share and are expected to continue the dominance over the forecast period, as most stem cell harvesting for transplantation & research is undertaken in hospitals. Hospitals have massive funding and, thus, can carry out more research than other users.
Academic institutes and Research and Development centers are expected to witness the fastest growth due to growing investment in research by universities and biopharmaceutical companies. The rising demand for regenerative medicine and stem cell-based therapies is further expected to contribute toward the development.
The diagnostic labs segment is estimated to have the smallest market share and is expected to have less growth than others. Access to fewer funds is restricting the development of this sub-segment.
Cell Harvesting Systems Market – By Technique:
Based on the technique, the Blastmore extraction technique is one possible way around the ethical concerns that result from the destruction of an embryo. It has driven the growth of technology and is expected to lead from other techniques.
Altered nuclear transfer (ANT) may make it feasible for stem cells to be removed from embryos without destroying the embryo itself in the process. It could offer a way out of the current ethical dilemmas surrounding embryonic stem cell research and drive the growth of this market.
Cell Harvesting Systems Market – By Region:
Given the higher rate of stem cell research and transplantation, North America and Europe dominate the market. An increase in cancer prevalence and the rise in the aging population also propels the market growth in these areas. North America has dominated this market over the years. Around 55% of clinical trials in the world are done in the North American region. Advanced medical research facilities have contributed to the growth. Stem cell transplantation is also done majorly in North America and driving the growth.
Europe was accounted for the second-largest market share in 2019 and is expected to register the highest growth. Growth in healthcare facilities with governments investing a lot of money is the primary reason for the development.
The Asia Pacific is anticipated to witness lucrative growth over the forecast period, owing to the rising incidence of chronic diseases and increasing demand for stem cell transplantation and stem cell-based therapy. Japan and China are the biggest markets for harvesting systems in the Asia Pacific.
KEY MARKET PLAYERS:
Some of the noteworthy companies leading the global cell harvesting systems market profiled in this report are Avita Medical, Tomtec, Terumo Corporation, Perkin Elmer, Inc., Argos Technologies, Inc., Bertin Technologies, Arthrex, Inc., Brand GmBh + CO KG, Thomas Scientific and Tereflex, Inc.
RECENT HAPPENINGS IN THE GLOBAL CELL HARVESTING SYSTEMS MARKET:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Application
5.1.1 Bone Marrow
5.1.2 Umbilical Cord
5.1.3 Adipose Tissue
5.1.4 Peripheral Blood
5.1.5 Y-o-Y Growth Analysis, By Application
5.1.6 Market Attractiveness Analysis, By Application
5.1.7 Market Share Analysis, By Application
5.2 End-user
5.2.1 Academic Institues
5.2.2 Hospitals
5.2.3 Diagnostic Labs
5.2.4 Research Centers
5.2.5 Y-o-Y Growth Analysis, By End-user
5.2.6 Market Attractiveness Analysis, By End-user
5.2.7 Market Share Analysis, By End-user
5.3 Technique
5.3.1 Blastomere Extraction
5.3.2 Altered Nuclear Transfer
5.3.3 Y-o-Y Growth Analysis, By Technique
5.3.4 Market Attractiveness Analysis, By Technique
5.3.5 Market Share Analysis, By Technique
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Application
6.1.3.3 By End-user
6.1.3.4 By Techniue
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Application
6.1.4.3 By End-user
6.1.4.4 By Technique
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Application
6.1.5.3 By End-user
6.1.5.4 By Technique
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Avita Medical
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Tomtec
8.3 Terumo Corporation
8.4 Perkin Elmer, Inc
8.5 Argos Technologies
8.6 Bertin
8.7 Arthrex, Inc
8.8 Brand GmBh + CO KG
8.9 Thomas Scientific
8.10 Tereflex, Inc
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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