The global market for stem cell assays, which was estimated to be worth USD 949.2 million in 2021, is predicted to reach USD 3,402.2 million by the end of 2028, rising at a CAGR of almost 20.1% between 2021 and 208, according to a report by Zion Market Research.
Stem Cell Assay Market: Overview
Due to their totipotent nature, stem cells are unique cells that can differentiate into any type of body cell. As a result, they provide a steady supply of the specialised cells that formed the organs and tissues. As a result, stem cells are extremely interesting because of their capacity to replace harmed or defective cells brought on by a variety of diseases and accidents, enabling the development of new regenerative therapeutic methods. They are also very valuable as research models since they allow scientists to examine in-vitro the causes of various diseases as well as the activities of various organs.
Stem Cell Assay Market: Growth Factors
Rising spending on research-related activities, technological advancements, and an increase in the prevalence of chronic diseases are the main factors driving the growth of the worldwide stem cell assay market. The high cost of stem cell-based medicines and tight regulatory recommendations, however, could impede industry expansion.
Market segmentation for stem cell assays
On the basis of kit, instrument, application, detection, end-user, type, and region, the worldwide stem cell assay market can be divided. The kits category of the worldwide market is divided into kits for adult stem cells and kits for human embryonic stem cells. Induced pluripotent stem cell kits, umbilical cord stem cell kits, hematopoietic stem cell kits, mesenchymal stem cell kits, and neuronal stem cell kits are among the sub-segments of the adult stem cells kits market. The automated cell counter, microelectrode arrays, flow cytometers, and cell imaging systems categories make up the instrument section of the worldwide stem cell assay market. The development of regenerative medicine and therapies, clinical research, and drug discovery and development comprise the application sector of the worldwide market. The cardiovascular, dermatology, cancer, orthopaedic & musculoskeletal spine, diabetes, central nervous system, and others subsectors make up the regenerative medicine and therapeutic development section. Detection kits and instruments make up the global market’s detection segment. The worldwide stem cell assay market’s end-user segment is divided into industry research and research institutes. The isolation and purification, differentiation, cell identification, function, proliferation, apoptosis, and viability/cytotoxicity categories make up the type sector of the worldwide market.
Regional Analysis of the Stem Cell Assay Market
Because of the rise in patients, the frequency and incidence of chronic diseases, and the government’s effort for stem cell-based research, North America is predicted to overtake Europe and the Asia Pacific area as the leading region in the worldwide stem cell assay market.
Market for Stem Cell Assays: Rival Companies
Thermo Fisher Scientific Inc., GE Healthcare, Cell Biolabs, Promega Corporation, Inc., Hemogenix Inc., Merck KGaA, and STEMCELL Technologies Inc. are a few of the market’s major players. Bio-Rad Laboratories, Inc., Cellular Dynamics International, Inc., Bio-Techne Corporation, Hemogenix Inc., and R&D Systems are some of the other major competitors in the international market.
Stem Cell Assay Market: Regional Segment Analysis
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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