Global live cell encapsulation market expected to grow at steady CAGR and ready to reach US$ 327.19 million by 2026 | Key Market Competitors are ViaCyte, Inc.; Blacktrace Holdings Limited; MIKROCAPS; Balchem Inc.; Merck KGaA; BÜCHI Labortechnik AG
Live cell encapsulation is a technique utilized in the delivery of live cells for therapeutic purposes. This method is generally used for drug delivery as a novel therapeutics system as well as the cell transplantation in organ replacement. This technique involves enclosing the live cells in a semipermeable membrane so that the chances of immune rejection are decreased and delivery of the cells from the capsules.
Global live cell encapsulation market is expected to rise to an estimated value of USD 327.19 million by 2026, registering a steady CAGR in the forecast period of 2019-2026 by major competitors like ViaCyte, Inc.; Blacktrace Holdings Limited; MIKROCAPS; Balchem Inc.; Merck KGaA; BÜCHI Labortechnik AG; Living Cell Technologies Limited; Sigilon Therapeutics, Inc. etc. This rise in market value can be attributed to the rise in the levels of investments for the development of novel therapeutics amid a rise in the levels of target diseases.
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- Current and future of global live cell encapsulation market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Table of Contents:
Market Size-by Manufacturers
Market Size-by Type
Market Size-by Application
Upstream, Industry Chain and Downstream Customers Analysis
Opportunities & Challenges, Threat and Affecting Factors
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Key Developments in the Market:
- In January 2019, PharmaCyte Biotech announced that their partner Austrianova had been successful in encapsulation of live cells utilized in PharmaCyte’s therapeutics for a clinical trial in patients suffering from locally advanced, non-metastatic inoperable pancreatic cancer (LAPC). The cells are being monitored for their growth and will be stored and frozen in syringes for clinical trial once they have taken up the entire capsules.
- In August 2018, Balchem Inc. announced that its subsidiary Balchem Italia S.r.l. had acquired Bioscreen Technologies, S.r.l. This acquisition will help in expansion of encapsulation technologies and capabilities as Bioscreen is a manufacturer of encapsulated feed and fermented feed nutrition ingredients. The businesses of Bioscreen will be integrated into Balchem’s Animal Nutrition & Health division providing expanded capabilities of encapsulated manufacturing.
Competitive Analysis: Global Live Cell Encapsulation Market
Global live cell encapsulation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of live cell encapsulation market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
- Increasing awareness and prevalence in adoption of novel drug delivery technologies; this factor is expected to drive the growth of the market
- Innovations and advancements in the technologies of cell encapsulation is expected to drive the growth of the market
- Rise in the knowledge and awareness regarding the benefits of usage of this technique in management of different diseases; this factor is expected to drive the growth of the market
- Large costs associated with the manufacturing of products with the usage of this technology; this factor is expected to restrain the growth of the market
- Scarce quantity of raw materials that are of utmost quality is expected to restrain the growth of the market
Global Live Cell Encapsulation Market is segmented By Manufacturing Techniques , Polymer Type ,Application, Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
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