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The Global Human Platelet Lysate Market Growth Accelerated By Increased Consumption As A Substitute For FBS

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ashwinicmi
The Global Human Platelet Lysate Market Growth Accelerated By Increased Consumption As A Substitute For FBS

Human platelet lysate (HPL) is serum derived from platelets which acts as an effective substitute for Fetal Bovine Serum (FBS) in cell culture applications. It supports growth of various cell types in culture, including mesenchymal stem cells, endothelial cells, and keratinocytes. The use of HPL avoids issues related to animal welfare, batch-to-batch variability, and regulatory hurdles associated with FBS.

The global Human Platelet Lysate Market is estimated to be valued at US$ 53.0 Mn in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:

Increased consumption as a substitute for FBS is one of the key trends driving the growth of the human platelet lysate market. HPL provides stable growth environment for culturing stem cells and other cells, has low batch-to-batch variability and is cost effective over the long run compared to FBS. It avoids problems related to transmissible spongiform encephalopathy risks and animal suffering associated with FBS. The substitutes market is growing as researchers prefer using animal-free solutions in experiments. Advancements in platelet separation technologies have further improved the efficiency and availability of human platelet lysate products, making them a preferable substitute to FBS in cell-based therapeutics and research.


Segment Analysis

The Global Human Platelet Lysate Market Demand is dominated by the autologous segment. The autologous segment currently holds around 80% of the overall market share owing to the reduced risk of transfusion-transmitted infections and immune reactions associated with autologous platelet lysate products. Several growth factors and cytokines present in autologous platelet lysate promote cell growth and proliferation making it a suitable culture medium for cell-based therapies.

Key Takeaways

Regional analysis: Europe dominates the global human platelet lysate market with over 40% market share. Presence of favorable government regulations and investments to support tissue engineering and regenerative medicine research in countries like Germany, UK, and France have promoted the adoption of human platelet lysate products in the region.

Key players: Key players operating in the human platelet lysate market are STEMCELL Technologies Inc., Merck KGaA, Mill Creek Life Sciences, Merck & Co., Inc, AventaCell BioMedical, Compass Biomedical, Inc, Macopharma SA, Trinova Biochem GmbH, PL BioScience GmbH, Cook Regentec, Life Science Group Ltd., BBI Solutions, Regenexx, Thermo Fisher Scientific. STEMCELL Technologies Inc. and Merck KGaA currently account for over 35% of the global market share due to their diverse product portfolio and strong distribution network across major markets.

The global human platelet lysate market is expected to witness high growth over the forecast period of 2023-2030. Rapid expansion of cell-based therapies and regenerative medicine sector has accelerated the demand for human platelet lysate as an alternative to fetal bovine serum. Stringent regulatory norms favoring xeno-free cell culture practices is further promoting adoption of human platelet lysate products.


Get more insights on this topic:

https://www.marketwebjournal.com/human-platelet-lysate-market-market-size-and-share-analysis/

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