Market Players and Different Strategies Adopted by Them to Achieve Growth in the Global Cell Isolation Market

PUNE, India, 2020-Mar-23 — /EPR Network/ —

The cell isolation market size is expected to reach USD 13.0 billion by 2024 from USD 5.9 billion in 2019, at a CAGR of 17.2%. The growth in this market is attributed to the increasing number of patients suffering from cancer and infectious diseases, growing government funding for cell-based research, and technological advancements. On the other hand, ethical issues related to embryonic stem cell isolation and the high cost of cell-based research are expected to limit market growth to a certain extent in the coming years.

Prominent players in the cell isolation market include Beckman Coulter (US), Becton, Dickinson and Company (US), GE Healthcare (US), Merck KgaA (Germany), Miltenyi Biotec (Germany), pluriSelect (Germany), STEMCELL Technologies Inc. (Canada), Terumo BCT (US), Thermo Fisher Scientific (US), and Bio-Rad Laboratories Inc. (US).

The key strategies followed by most companies in the cell isolation market are product launches, expansions, agreements, and acquisitions to achieve growth in the cell isolation market. The product launches accounted for the largest share of the overall growth strategies adopted from 2015 to 2018.

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In 2017, Thermo Fisher Scientific held the leading position in the cell isolation market. The company operates through business segments, namely, Analytical Technologies, Specialty Diagnostics, Life Sciences Solutions, and Laboratory Products and Services. The company offers an exhaustive product portfolio comprising various cell isolation products, such as reagents & kits, media, magnetic beads, and centrifuges. The company pursues both organic as well as inorganic growth strategies to enhance its market position.

Becton, Dickinson and Company ranked second in the cell isolation market in 2017. The company operates globally through a network of offices in more than 50 countries across North America, Europe, Asia Pacific, Eastern Europe, the Middle East, and Africa. The company operates in the cell isolation market through its BD Biosciences segment. The company has an extensive product portfolio, ranging from instruments to accessories. The company focuses on or growth strategies such as product launches. For instance, in 2017, the company received 510(k) clearance for its BD FACSLyric systems and the company also launched the BD FACSMelody system in May 2016.

Beckman Coulter, Inc. n ranked third in the cell isolation market in 2017. The company offers various solutions for stem cells, including sample preparation, cell sorting, cell isolation, and cell expansion. The company focuses on organic strategies to strengthen its position in the market. For instance, in 2019, the company launched its ClearLLab 10C System for the clinical flow cytometry lab. Moreover, in 2017, the company launched CytoFLEX Flow Cytometry.

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