According to FutureWise analysis the market for cell separation technology in 2023 is US$ 8.3 billion, and is expected to reach US$ 20.72 billion by 2031 at a CAGR of 12.10%.
Rising incidences of chronic diseases across the world have increased the demand for cell-based therapies. Treatment and Diagnosis of chronic diseases require a deeper understanding of complex cell behaviour. This can be achieved through cell separation technology, which is the separation of cells based on particular properties. Governments of developing economies are actively contributing to the growth of the biotechnology industry.
The growing elderly population and technological advances are other factors, which could add to the global cell separation technology market growth. Patent-protected magnetic-activated cell technology and complex cell behaviour characteristics and are some of the impedances on the cell separation technology market growth. Simple cost effective methods and development of advanced techniques and could significantly expand the cell separation technology market size.