Cell Harvesting System Market

This study intends to analyse diverse aspects of the global cell harvesting system market. The insights offered in this report are expected to aid in market growth examination over the forecast timeline.

Increasing Demand for Stem Cell-based Therapy to Play a Crucial Role in Boosting Cell Harvesting System Market Growth

Owing to ever-growing geriatric populations, a spike in the prevalence of chronic diseases, the increased demand for transplantation, as well as a greater need stem banking are major factors that are expected to fuel growth prospects for the global cell harvesting system market. Moreover, the prevalence of blood cancer and anemia is leading to a need for more bone marrow transplantation procedures. This has led to a high concentration of bone marrow stem cell harvesting centers and the number of qualified professionals capable of harvesting cells. This in turn is also slated to positively influence the growth trajectory of this global market in the years to come.   

Ethical Concerns Could Potentially Hinder Growth Prospects for Cell Harvesting System Market

Unapproved stem cell therapies offered by various healthcare providers, particularly in unregulated regions such as the Asia Pacific, and Latin America, is a major factor that could impede market growth opportunities for players in the cell harvesting system market. Stricter enforcement of regulations and greater efforts to increase awareness concerning the benefits of using this technology correctly to mitigate the potential for adverse outcomes are crucial in tackling these issues. Moreover, various ethical issues or concerns related to embryonic stem cells are also expected to act as a growth deterrent for the global cell harvesting system market.

Cell Harvesting System Market: COVID-19 Impact

With the onset of the COVID-19 pandemic, the imposing of restrictions by respective governments on the movement of people and goods, as well as the hampered supply of necessary raw materials, among other operational hurdles, resulted in a significant decline in generated revenues for several industries. However, it has been found that individuals suffering from chronic diseases such as diabetes and cardiovascular diseases are more prone to the extreme effects of COVID-19, and that cell harvesting techniques for the treatment of these diseases can be highly beneficial for patients. As such, respective governments have funnelled greater sums towards advancing innovation in this field. While the detrimental impacts of COVID-19 begin to simmer-down, this global cell harvesting system market is expected to experience significant development.

Increasing Investments in Clinical Research, and Innovation Will Bode Well for Cell Harvesting System Market

Increasing investments by various public-private players toward clinical research is another major factor expected to positively influence the growth of the global cell harvesting system market in the future. Funding for regenerative medicine and cell-based science research, as well as steady growth experienced in the biotech and pharma industries, are all major elements contributing to market growth. The establishment and adoption of various technological advancements is also a crucial aspect that leads to improved performance of cell harvesting systems and is also expected to complement this market.

North America Spearheads Cell Harvesting System Market

With the increasing prevalence of cancers, and other chronic conditions, as well as the continuously expanding geriatric population, and increasing healthcare expenditure, North America is anticipated to remain the majority market share holder over the forecast period. Moreover, favorable governmental policies, in conjunction with the presence of established market players, the adoption of advanced innovation and infrastructure are other elements fueling reginal market growth. Europe was the second largest regional market for cell harvesting systems. Additionally, the cell harvesting system market in the Asia Pacific is expected to index a significant surge in growth over the forecast period.  

Cell Harvesting System Market: Competitive Landscape            

Major players in the cell harvesting system market include Tomtec, Bertin Technologies, PerkinElmer Inc., Terumo BCT Inc., SP Scienceware, HynoDent AG, Avita Medical, BRAND GmbH Co. KG, Teleflex Incorporated, Argos Technologies Inc., Thomas Scientific, and Arthrex Inc., to name a few. To gain a competitive edge, various established industry players are now more focused on new product launches, partnerships, collaborations, acquisitions, and alliances.

Recent Notable Developments

• In September 2016, Terumo BCT and Cognate Bioservices developed a strategic partnership to improve immunotherapy and other related products and expand the use of quantum systems in cell manufacturing therapy
  
  
• With a total ‘Series A’ funding of US$35 million, Jasper Therapeutics Inc. was launched in December 2019. JSP191, its lead product candidate, was being developed to substitute for the toxicity of chemotherapy and radiation therapy as a conditioning regimen to prepare patients for hematopoietic cell transplantation
  
  
• Cipla and Stempeutics collaborated to deliver Stempucel in August 2020, a cell therapy to treat critical limb ischemia. This medicine is used to treat CLI caused by Buerger's Disease and Atherosclerotic Peripheral Artery Disease. This is the world’s first stem cell car product for CLI care and India’s first allogenic cell therapy device to be licensed for commercial use
  
  
• In March 2021, OrganaBio launched the HematoPAC HSC-CB CD34 Hematopoietic Stem Cell (HSC) product to support HSC-based allogeneic cell therapies

Regional Classification of Global Cell Harvesting System Market Can be Given as Below:

North America

• U.S.
• Canada

Europe

• Germany
• France
• Spain
• U.K.
• Italy
• Russia
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East and Africa

• GCC
• South Africa
• Rest of Middle East and Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Cell Harvesting System Market

• Cell Harvesting System Market by Product/Technology/Grade, Application/End-user, and Region
• Executive Summary (Opportunity Analysis and Key Trends)
• Historical Market Size and Estimates, Value, 2019 - 2022
• Market Value at Regional and Country Level, 2023 - 2030
• Market Dynamics and Economic Overview
• Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
• Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
• Regional and Product/Grade/Application/End-user Price Trends Analysis
• Value Chain and Five Force’s Analysis
• Regional/Sub-region/Country Market Size and Trend Analysis
• Company Market Share Analysis and Key Player Profiles

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