Cell Isolation Market overview, share, key players and forecast report by 2023 edited by leading research firm – WhaTech Technology and Markets News

The global cell isolation market is projected to generate $12.6 billion revenue by 2023 by P&S Intelligence.

The primary factors propelling the cell isolation market to prosperity are the increasing demand for biopharmaceuticals, funding by the government for cell-based research, and rising number of studies on personalized medicine. The market, which generated a revenue of $4.6 billion in 2017, is predicted to progress at an 18.8% CAGR during 20182023 (forecast period), to ultimately value $12.6 billion by 2023.

For diagnostic testing and disease prognosis, cells of various types are identified and extracted from the body.

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Based on type, the cell isolation market is bifurcated into animal and human cells, of which animal cells held the larger revenue share in 2017. Animal cells, primarily those derived from mice, are heavily used in drug development to study the preliminary efficacy, toxicity, and pharmacokinetics of new drug molecules.

During the forecast period, faster growth would be witnessed by the human cell bifurcation, at a CAGR of 19.9%, owing to the rapid enhancements in the stem cell technology, which is being utilized to treat numerous diseases.

The use of biopharmaceuticals for the early detection of various cancers is leading to the cell isolation market growth. Such molecules, especially those isolated from proteins, are also being rapidly utilized in the treatment of melanoma and chronic myelogenous leukemia.

The antigens and abnormal pathways associated with these conditions are now being targeted with mAbs. With the increasing awareness of people about the advantages of such products in the treatment of cancer, their usage is rising, which, in turn, is leading to the surging adoption of cell isolation for their production.

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In 2017, North America was the largest cell isolation market across the world, with an around 38.0% revenue share. This was because a large number of biotechnology and pharmaceutical organizations, academic institutions, and research laboratories, which use the technique, are present in the region.

During the forecast period, Asia-Pacific (APAC) is expected to observe the fastest growth, at a 22.1% CAGR, due to the rising focus on applied and basic medical research here, especially in India and China, where a number of institutes dedicated to cell-based research have been founded.

Thus, with the surging requirement for biopharmaceuticals, especially those needed to treat cancer, the usage of cell isolation would continue to increase around the globe.

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Cell Isolation Market overview, share, key players and forecast report by 2023 edited by leading research firm - WhaTech Technology and Markets News