Europe Cell Therapy Instruments Market Forecast to 2027 - Covid-19 Impact and Regional Analysis - By Product ; Cell Type ; Process ; End User, and Country

Europe Cell Therapy Instruments Market Forecast to 2027 - Covid-19 Impact and Regional Analysis - By Product ; Cell Type ; Process ; End User, and Country

  • October 2020 •
  • 115 pages •
  • Report ID: 5989522 •
  • Format: PDF
The Europe cell therapy instruments market was valued at US$ 3,611.93 Million in 2019 and is projected to reach US$ 9,350.17 Million by 2027; it is expected to grow at a CAGR of 13.0% during the forecast period.

The surge in the number of cell therapy transplantation procedures, growing research and development activities, and rising investments in building production facilities for cell and gene therapy products drive the growth of the Europe cell therapy instruments market. However, the low success rate of cell therapies and the high cost of cell-based research is expected to restrain the market growth during the forecast period.

Cell therapy typically involves the administration of somatic cell preparations by injecting or grafting it into the patient’s body for the treatment of diseases or traumatic damages.The procedure is used to cure diabetes, neurological disorders, related injuries, several cancer types, bones and joints, and genetic disorders.

Continuous research and development activities have led to unique cell therapeutic instruments for the improvement of immune system and efficient treatment of genetic disorders. Various market players provide several consumables such as reagent kits and enzymes as well as devices, equipment, and software to perform various cell therapy processes.

The use of instruments is essential for handling cell therapies such as NSC, PSC, MSC, T cells, and HSC.These cell therapy products are derived from animals or human cells and thus need to be protected from contamination.

The instruments used in cell therapies help provide protection against contamination and allow scaling up of transplantation. Companies such as Hitachi Chemical Advanced Therapeutics Solutions; Corning Incorporated; Thermo Fisher Scientific Inc.; MiltenyiBiotec, LLC; Invetech; and Cytiva (General Electric Company) have introduced various equipment and consumables for the cell therapy procedures.

The cell therapy instrument market witnessed staggered growth at the beginning of COVID 19 crisis owing to factors such as disruption in supply chain and lowered demand for cell therapies due to lock down announced by majority of European countries. However, in long term, the demand for the cell therapy instruments is expected to increase owing to supportive government initiatives in European countries.

On the basis of product, the Europe cell therapy instruments market is further segmented into consumables, software, equipment, and systems.The consumables segment held the largest share of the market in 2019 and is expected to register the highest CAGR during the forecast period.

The Europe cell therapy instruments market, based on cell type, is segmented into animal cells and human cells. The human cells segment held a larger share of the market in 2019 and is estimated to register a higher CAGR during 2020–2027.

The Europe cell therapy instruments market, based on process, is segmented into cell processing; cell preservation, distribution, and handling; and process monitoring and quality control.The cell processing segment held the larger share of the market in 2019 and is estimated to register the highest CAGR from 2020 to 2027.

Based on end user, the Europe cell therapy instruments market is segmented into life science research companies, research institutes, and other end users. The life science research companies grasped the largest share of the market in 2019, and the same segment is anticipated to register the highest CAGR during the forecast period.

A few of the major primary and secondary sources referred to while preparing this report on the Europe cell therapy instruments market include National Center for Biotechnology Information (NCBI); World Health Organization (WHO); European Commission (EC); and Global Institute of Stem Cell Therapy and Research (GIOSTAR).
Loading...

We are very sorry, but an error occurred.
Please contact support@reportbuyer.com if the problem remains.