Albany, NY, Jan. 20, 2016 (GLOBE NEWSWIRE) -- Cell separation technologies make it possible to isolate target cells from a mixture of various cells. The growing prevalence of chronic diseases has fuelled the demand for cell therapies to understand the cause of the diseases. This has augmented the growth of the global cell separation technologies market. The overall market was worth US$1.7 bn in 2012. Rapidly growing patient pool and increase in research and development activities by biotechnology companies are expected to expand the market at a CAGR of 9.7% during the period between 2013 and 2019. The global cell separation technologies market is anticipated to reach a valuation of US$3.3 bn by 2019.
Initiatives adopted by governments worldwide aimed at improving the biotechnology sector boost the growth of the global cell separation technologies market. The growing prevalence of diseases such as cancer has escalated the demand for cell therapy. However, the market is expected to be restrained by disputes related to patent rights over magnetic activated cell sorting (MACS) technique. The overall market has huge opportunity to grow with technological advancements.
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Stem Cell Research to Dominate Global Cell Separation Technologies Market
According to technology, the global cell separation technologies market has been categorized into gradient centrifugation and separation based on surface makers. The separation based on surface makers segment can be further sub-segmented into magnetic activated cell sorting (MACS) and fluorescence activated cell sorting (FACS). Magnetic activated cell sorting accounted for 42.5% share in the market in 2012. However, in the coming years, the demand for fluorescence activated cell sorting technology is expected to increase across cell purity sensitive specific research studies.
In terms of application, the global cell separation technologies market has been segmented into immunology, stem cell research, cancer research, and neuroscience research. In 2012, stem cell research generated the highest revenue in the market. The growing demand for cell therapy for diagnosis of diseases and the potential of stem cells in the treatment of chronic diseases will boost the demand for stem cell research in the near future.
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North America Dominated Global Cell Separation Technologies Market in 2012
The global cell separation technologies market has been segmented into four key regions: Asia Pacific, North America, Europe, and Rest of the World. In 2012, North America led the overall cell separation technologies market owing to availability of funds for research, higher practice of adoption of newer technologies, and developed infrastructure for research activities. Further, government support, higher healthcare infrastructure, and favourable economic conditions have propelled the growth of the regional market. However, during the forecast horizon, Asia Pacific will emerge as a lucrative regional market for cell separation technologies. The rapid growth of the regional market can be attributed to increased government funding for biotech research, growing prevalence of chronic diseases, and rise of medical tourism across countries such as Malaysia and India.
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Key Players in Global Cell Separation Technologies Market
Some of the key players in the global cell separation technologies market are BD Bioscience, STEMCELL Technologies, pluriSelect GmbH, EMD Millipore, MitenyiBiotec GmbH, Terumo BCT, and Life Technologies (Thermo Fisher Scientific, Inc.).
The global cell separation technologies market is segmented as follows:
Cell Separation Technologies Market, by Technology
- Gradient centrifugation
- Separation based on surface markers
Cell Separation Technologies Market, by Application
- Stem cell research
- Immunology
- Neuroscience research
- Cancer research
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