Global Live Cell Encapsulation Market to Reach $388.1 Million by 2030
The global market for Live Cell Encapsulation estimated at US$300.2 Million in the year 2023, is expected to reach US$388.1 Million by 2030, growing at a CAGR of 3.7% over the analysis period 2023-2030. Alginate, one of the segments analyzed in the report, is expected to record a 4.4% CAGR and reach US$117.8 Million by the end of the analysis period. Growth in the Chitosan segment is estimated at 3.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $79.7 Million, While China is Forecast to Grow at 5.8% CAGR
The Live Cell Encapsulation market in the U.S. is estimated at US$79.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$80.7 Million by the year 2030 trailing a CAGR of 5.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$51.3 Million by the year 2030.
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