Stem Cell Manufacturing Market Worth 14.61 Billion USD by 2023
According to a new market research report "Stem Cell Manufacturing Market by Product (HSCs, MSCs, iPSCs, ESCs, Instruments, Media, Consumables), Application (Research, Target Identification, Therapy (Autologous, Allogeneic), Cell Banks), End User (Pharma, Hospitals) - Global Forecast to 2023", published by MarketsandMarkets™, the report studies the global Stem Cell Manufacturing Market over the forecast period of 2018 to 2023. The market is projected to reach USD 14.61 Billion by 2023 from USD 10.75 Billion in 2018, at a CAGR of 6.3%. Factors such as growing public-private investments and funding in stem cell-based research, rising public awareness regarding about the therapeutic potency of stem cell products, development of advanced genomic analysis techniques for quality control during stem cell manufacturing, technological advancements in stem cell manufacturing and preservation, and evolving regulatory frameworks for stem cell therapeutics in the US and Europe are driving the growth of the Stem Cell Manufacturing Market.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 69 tables and 33 figures spread through 169 pages and in-depth TOC on "Stem Cell Manufacturing Market"
https://www.marketsandmarkets.com/Market-Reports/stem-cell-manufacturing-market-70743403.html
Early buyers will receive 10% customization on this report
Based on product, the stem cell lines segment is expected to witness the highest growth during the forecast period
On the basis of product, the Stem Cell Manufacturing Market is categorized into four major categories, namely, culture media, consumables, instruments, and stem cell lines. In 2017, the culture media segment accounted for the largest share of the market. This can be attributed to the rising stem cell research and increasing demand for stem cell therapies.
Based on application, the research applications segment accounted for the largest share of the Stem Cell Manufacturing Market in 2017
Based on application, the global Stem Cell Manufacturing Market is segmented into research applications, clinical applications, and cell and tissue banking. The research applications segment accounted for the largest share of the stem cell manufacturing in 2017. The growth in this segment is primarily attributed to the increasing focus on stem cell-based research, growing awareness about the therapeutic potency of stem cells, and public-private funding to support product development & commercialization.
Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=70743403
By end user, cell and tissue banks are expected to witness the highest growth during the forecast period
On the basis of end user, the Stem Cell Manufacturing Market is segmented into pharmaceutical and biotech companies; hospital and surgical centers; academic institutes, research laboratories, and CROs; cell banks and tissue banks; and other end users. The pharmaceutical and biotech companies segment accounted for the largest share of the market in 2017. The large market share of this segment is primarily attributed to the rising public-private investments for stem cell-based research and ongoing patent expiry of branded drugs.
North America dominated the Stem Cell Manufacturing Market in 2017
Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America accounted for the largest share of the market in 2017. The high intensity of stem cell research in the region, rising public-private funding and grants to support the clinical evaluation of stem cells for various applications, robust research infrastructure, and rising public awareness on the therapeutic potency of stem cells are driving the growth of the Stem Cell Manufacturing Market in North America.
The major players in the Stem Cell Manufacturing Market include Thermo Fisher Scientific (US), Merck Group (Germany), Becton, Dickinson and Company (US), Bio-Rad Laboratories (US), Miltenyi Biotec (Germany), Takara Bio Group (Japan), STEMCELL Technologies (Canada), Pharmicell (South Korea), Osiris Therapeutics (US), Anterogen (South Korea), Cellular Dynamics International (US), MEDIPOST (South Korea), Lonza Group (Switzerland), Holostem Terapie Avanzate (Italy), and Pluristem Therapeutics (Israel), among others.
Know more about the Stem Cell Manufacturing Market:
https://www.marketsandmarkets.com/Market-Reports/stem-cell-manufacturing-market-70743403.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Share this article