Bone Marrow Processing System Market
Bone Marrow Processing System Market Study by Instrumentation and Consumables for Cord Blood Processing and Bone Marrow Processing From 2024 to 2034
Analysis of Bone Marrow Processing System Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Bone Marrow Processing System market Outlook (2024 to 2034)
The global bone marrow processing system market is valued at US$ 122.1 million in 2024. The market is forecasted to expand at a CAGR of 6.7% to reach US$ 233 million by 2034.
Bone marrow aspirate concentrate (BMAC) is prepared using the marrow fluid that is extracted. Granulocytes, red blood cells, immature myeloid precursors, platelets, and concentration of mononuclear cells are among its constituents. By obtaining them using less invasive methods, open bone graft surgeries are avoided.
Higher tissue concentrations and chemicals unique to individual cells are secreted by BMACs at damage sites, providing additional support for regeneration and self-healing. Long-term alleviation is achieved by these secretions' production of anti-inflammatory macrophages and acceleration of antibacterial activity.
The rising rates of leukemia, thalassemia, and non-Hodgkin and Hodgkin lymphoma, as well as the prevalence of bone marrow disorders globally, technological advancements, and improved healthcare systems are the main factors propelling the growth of the bone marrow market during the forecast period.
In addition, expanding financing for logistic services, the increasing per capita healthcare expenditures, and the improving indications of bone marrow transplant for cardiac and neurological illnesses are some of the other factors expected to further fuel the expansion of the market in the coming years.
Progress in the industry is also driven by an increase in sports injuries, particularly among youth. BMAC stem cells have the ability to self-repair, which makes them a good option for auto-grafting and tissue repair. To diversify their offerings, several companies in the market are launching new products and obtaining product approvals, as per the bone marrow processing system industry outlook. To grow their clientele, companies are implementing cutting-edge technology and adhering to the latest trends in the global market.
| Report Attribute | Detail |
|---|---|
| Bone Marrow Processing System market Size (2024E) | US$ 122.1 Million |
| Forecasted Market Value (2034F) | US$ 233 Million |
| Global Market Growth Rate (2024 to 2034) | 6.7% CAGR |
| North America Market Value (2024E) | US$ 43.5 Million |
| Mexico Market Value (2034F) | US$ 5.6 Million |
| Diagnostic Labs Segment Growth Rate (2024 to 2034) | 6.4% CAGR |
| South Korea Market Value (2034F) | US$ 9.3 Million |
| Key Companies Profiled | Merck Millipore Corporation; Sanofi-Aventis LLC; AllCells LLC; STEMCELL Technologies; Hemacare Corporation; Cellular Dynamics International; ReachBio LLC |
A bone marrow processing system is a functionally closed, sterile system designed for automatically isolating and concentrating stem cells derived from donated bone marrow aspirate.
Rising applications of bone marrow transplant procedures and bone marrow donation procedures used in the treatment of bone marrow cancers, such as acute leukemia, multiple myeloma, immune deficiency disorders, aplastic anemia, spinal fusions, lymphomas, non-union fractures, osteonecrosis and other rare genetic diseases of the bone marrow, is the primary driver in the market.
The need to selectively isolate and concentrate selective cells, such as mononuclear cells, allogeneic cancer cells, T cells and others, is driving the market, as stated in the bone marrow processing system industry analysis. Over 30,000 bone marrow transplants occur every year. The explosive growth of stem cells therapies represents noteworthy growth opportunity for bone marrow processing systems.
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Bone Marrow Processing System market: Drivers and Restraints
There are several attractive benefits of bone marrow processing systems over manual bone marrow aspiration and analytical chemistry isolation methods. Some of these are consistency, high recoveries in a targeted volume, simultaneous processing, automation, smaller processing times, and elimination of cell separation media or sedimentation agents. These benefits are stimulating the adoption of bone marrow processing systems.
Other advantages, such as decreased risk of graft-versus-host diseases (GVHD) negate the high cost of bone marrow processing systems. The advancements in bone marrow harvest and bone marrow needles technology are also driving market growth.
However, high cost of installation and maintenance, lack of trained work force and the nascent stage of technology represent some of the restraints in the global market. The high cost of bone marrow transplant procedures, risk of infections and poor healthcare infrastructure in developing regions are some other constraints in the market.
The bone marrow aspiration pain and the highly invasive nature of the procedure also hamper the market over the forecast period.
Bone Marrow Processing System market: Overview
The global market is highly consolidated with handful players dominating the scene, as analyzed in the bone marrow processing system industry analysis. The market trends include a definite shift in favor of potentially high growth regions of Asia Pacific, such as India and China.
There is also a strong trend of collaborations between large hospitals and third party payers as the technology is in its nascent stage and the installation base of bone marrow processing systems is quite small. Technology gains from product development represent the largest value proposition.
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Bone Marrow Processing System market: Regional Outlook
In bone marrow processing system industry outlook, the global market is segmented into North America, Latin America, East Asia, South Asia & Pacific, Eastern Europe, Western Europe, and the Middle East and Africa. North America, dominated by the United States, accounts for a noteworthy share in the global market owing to the focus of key market players, strong research and development expenditure and quick uptake of latest technologies.
Asia Pacific is expected to grow at significant CAGR owing to growing healthcare expenditure and improvements in healthcare infrastructure. China and India are expected to drive a lion’s share of the market owing to growing healthcare infrastructure and healthcare expenditure.
The European market is evaluated to lead by Germany, France and the United Kingdom. The Middle East and Africa market is expected to be skewed in favor of gulf economies of Saudi Arabia, Kuwait and Qatar. The development of large medical complexes, such as the King Fahd Hospital in Riyadh, Saudi Arabia, coupled with large public healthcare share is expected to drive the market for bone marrow processing systems in the MEA.
Bone Marrow Processing System market: Key Players
Examples of some of the major players operating in the global bone marrow processing system market are:
- Merck Millipore Corporation
- Sanofi-Aventis LLC
- AllCells LLC
- STEMCELL Technologies
- Hemacare Corporation
- Cellular Dynamics International
- ReachBio LLC
Cesca Therapeutics Inc. is the leader in the market accounting for the largest market share and is followed RegenMed Systems Inc. and others. Technology gains represent the best strategy in the market as market position of the firm yield a large premium. Thus firms are engaged in the development of better products rather than cost reduction.
For example, in July 16, 2018, Cesca Therapeutics launched its latest PXP bone marrow cells processing system, which is a point-of-care setting, designed for surgical centers and clinics. The system is claimed to address red blood cell contamination, a serious shortcoming of currently-available systems. The system is a follow on of the company’s CAR-TXpress and related X-Series systems and is expected to strengthen its hold on the market.
The global bone marrow processing systems report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of several market factors on market segments and geographies.
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Competitive landscape highlights only certain players
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The bone marrow processing systems report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.
Segmentation of the Bone Marrow Processing System Market Research
-
By Component :
- Instrumentation
- Consumables
-
By Application :
- Cord Blood Processing
- Bone Marrow Processing
-
By End User :
- Hospitals
- Diagnostic Labs
- Ambulatory Surgical Centers
-
By Region :
- North America
- Latin America
- Eastern Europe
- Western Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Components
- 6.2. Applications
- 6.3. End Users
- 7. Global Market Analysis and Forecast, By Components
- 7.1. Instrumentation
- 7.2. Consumables
- 8. Global Market Analysis and Forecast, By Applications
- 8.1. Cord Blood Processing
- 8.2. Bone Marrow Processing
- 9. Global Market Analysis and Forecast, By End Users
- 9.1. Hospitals
- 9.2. Diagnostic Labs
- 9.3. Ambulatory Surgical Centers
- 10. Global Market Analysis and Forecast, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. East Asia
- 10.6. South Asia & Pacific
- 10.7. MEA
- 11. North America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 17. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 18. Sales Forecast by Components, Applications, and End Users for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. ThermoGenesis (Cesca Therapeutics Inc.)
- 20.2. RegenMed Systems Inc.
- 20.3. MK Alliance Inc.
- 20.4. Fresenius Kabi AG
- 20.5. Harvest Technologies (Terumo BCT)
- 20.6. Arthrex, Inc.
- 20.7. Others
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Components
Table 3: Global Market US$ Mn Forecast by Applications
Table 4: Global Market US$ Mn Forecast by End Users
Table 5: North America Market US$ Mn Forecast by Country
Table 6: North America Market US$ Mn Forecast by Components
Table 7: North America Market US$ Mn Forecast by Applications
Table 8: North America Market US$ Mn Forecast by End Users
Table 9: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Components
Table 11: Latin America Market US$ Mn Forecast by Applications
Table 12: Latin America Market US$ Mn Forecast by End Users
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Components
Table 15: Western Europe Market US$ Mn Forecast by Applications
Table 16: Western Europe Market US$ Mn Forecast by End Users
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Components
Table 19: Eastern Europe Market US$ Mn Forecast by Applications
Table 20: Eastern Europe Market US$ Mn Forecast by End Users
Table 21: East Asia Market US$ Mn Forecast by Country
Table 22: East Asia Market US$ Mn Forecast by Components
Table 23: East Asia Market US$ Mn Forecast by Applications
Table 24: East Asia Market US$ Mn Forecast by End Users
Table 25: South Asia & Pacific Market US$ Mn Forecast by Country
Table 26: South Asia & Pacific Market US$ Mn Forecast by Components
Table 27: South Asia & Pacific Market US$ Mn Forecast by Applications
Table 28: South Asia & Pacific Market US$ Mn Forecast by End Users
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Components
Table 31: MEA Market US$ Mn Forecast by Applications
Table 32: MEA Market US$ Mn Forecast by End Users
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Components
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Users
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Components
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Users
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Components
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Users
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Components
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Users
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Components
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Users
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Components
Figure 22: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 23: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Users
Figure 24: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Components
Figure 26: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 27: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Users
Figure 28: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Components
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Applications
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End Users
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
Why is demand for bone marrow processing systems rising?
Bone marrow processing systems are demanded for their advantages over manual bone marrow aspiration and analytical chemistry isolation methods.
What factors negatively impact the sales of bone marrow processing systems?
The high installation cost, a shortage of qualified workers, and the nascent stage of technology are the main factors negatively impacting the sales.
Which region dominates the global bone marrow processing system market?
North America holds a noteworthy share of global market revenue.
Bone Marrow Processing System Market