Costa Mesa, California Jan 31, 2022 (Issuewire.com) - As per the report Published by Allied Market Research, the global Cell Separation Technologies Market was estimated at $8.63 billion in 2019, and is expected to garner $28.76 billion by 2027, manifesting a CAGR of 15.4% from 2020 to 2027. The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing market opportunities.
Surge in number of patients suffering from chronic disease, rise in focus on personalized medicine, and rapid technological advancements fuel the growth of the global cell separation technologies market. On the other hand, ethical issues associated with embryonic stem cell separation and high cost of cell-based research impede the growth of the market. Nevertheless, potential in the emerging markets is anticipated to usher a plethora of opportunities for the market players in the near future.
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Impact of Covid-19 on Cell Separation Technologies Market-
1) The COVID-19 impact on the Cell Separation Technologies Market is unpredictable and is expected to remain in force till the fourth quarter of 2021.
2) The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned import-export of nonessential items for most of 2021. This led to sudden fall in the availability of important raw materials.
3) Moreover, nationwide lockdowns forced manufacturing facilities to partially or completely shut their operations.
4) Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of reliable and innovative drone analytics systems globally.
The cell separation technologies market is segmented on the basis of technology, product, application, end user, and region. Based on product, the consumables segment held the highest share in the market in 2019, with around three-fifths of the global market. On the other hand, the instruments segment is expected to portray the fastest CAGR of 16.3% from 2020 to 2027.
Based on end user, the biotechnology and biopharmaceutical companies segment held the largest share in 2019, contributing to around three-fourths of the global cell separation technologies market. Furthermore, the segment is also expected to register the highest CAGR of 15.9% during the forecast period.
Based on region, the global market across North America dominated the market with largest share in 2019, contributing to nearly two-fifths of the market. At the same time, the market across Asia-Pacific is expected to portray the fastest CAGR of 17.8% during the forecast period. Other regions studied in the report include Europe and LAMEA.
Key Findings Of The Study
•This report entails a detailed quantitative analysis along with the current global Cell Separation Technologies Market trends from 2020 to 2027 to identify the prevailing opportunities along with the strategic assessment.
•The Cell Separation Technologies Market forecast is studied from 2020 to 2027.
•The Cell Separation Technologies Market size and estimations are based on a comprehensive analysis of key developments in the endoscopic retrograde cholangiopancreatography industry.
•A qualitative analysis based on innovative products facilitates strategic business planning.
•The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the Cell Separation Technologies Market.
The Major Key Players Are:
Alfa Laval Corporate AB, Becton, Dickinson and Company, Bio-Rad Laboratories, Inc., Corning Incorporated, Danaher Corporation, Merck KGaA, Miltenyi Biotec Inc., Pluriselect GmbH, Stemcell Technologies Inc., and Thermo Fisher Scientific. The other players (not profiled in the report) in the value chain include Akadeum Life Sciences, Cytiva Lifesciences, Terumo, 10X Genomics, Zeiss, PerkinElmer, Inc., and among others.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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