Tissue Engineering Is Fastest Growing Segment Fueling The Growth Of Stem Cell Manufacturing Market


The global Stem Cell Manufacturing Market is estimated to be valued at US$ 12415.84 Mn in 2023 and is expected to exhibit a CAGR of 13.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:
Stem cell manufacturing involves production of stem cells through various processes such as cell isolation, cryopreservation and cell packaging. The increasing research and development activities for treatment of various chronic diseases and disorders such as cancer, cardiovascular diseases, diabetes among others through stem cell and tissue engineering applications is driving the growth of the stem cell manufacturing market.

Market key trends:
One of the key trends driving the growth of stem cell manufacturing market is increasing research activities for development of personalized medicine. Several research institutes and pharmaceutical companies have started focusing on development and production of patient-specific stem cell products which can cure chronic diseases more effectively with lesser side effects by considering individual genetic variations. This is expected to boost the demand for stem cell manufacturing over the forecast period.

Segment Analysis

The global stem cell manufacturing market is segmented into tools, cell lines, culture media, and other consumables. The cell lines segment currently dominates the market as they provide unrestricted access to stem cells for research and therapeutic applications. This segment is expected to continue its dominance over the forecast period owing to the ability of cell lines to expand indefinitely and their widespread adoption in developing novel cell-based therapies.

Key Takeaways
The Global Stem Cell Manufacturing Market Size is expected to witness high growth, exhibiting a CAGR of 13.3% over the forecast period, due to increasing incidence of chronic diseases and growing demand for regenerative medicines.

Regional analysis
North America is expected to dominate the global stem cell manufacturing market over the forecast period. This is attributed to the presence of advanced healthcare infrastructure, higher healthcare spending, increasing stem cell research activities, and supportive regulatory environment in the region. Asia Pacific is anticipated to exhibit the fastest growth during the forecast period owing to rising medical tourism, growing geriatric population, and improving healthcare infrastructure.

Key players
Key players operating in the stem cell manufacturing market are TAKARA BIO Inc., PHARMICELL Co., Ltd., MEDIPOST Co., Holostem Terapie Avanzate S.r.l, Bio-Rad Laboratories, Anterogen Co., Ltd., Osiris Therapeutics, Inc (Smith & Nephew PLC), Minaris Regenerative Medicine (Hitachi Chemical Co., Ltd.), Nikon CeLL Innovation Co. Ltd. (Nikon Corporation), Medinet Co. Ltd., Cell and Gene Therapy Catapult, Bio Elpida, Miltenyi Biotec, Pluristem Therapeutics Inc., Thermo Fischer Scientific, Merck Group, Corning Incorporated, Stem Cell Technologies, Lonza Group, Becton, Dickinson and Company, Sartorius, and Cellular Dynamics (Fujifilm Holdings Corporation, among others.

Read More: https://www.ukwebwire.com/stem-cell-manufacturing-market-size-share-and-growth-forecast-2023-2023/

Comments

Post a Comment

Popular posts from this blog

Contact Center Software Market Growth Accelerated by Enhanced Customer Experience

Image
  Contact center software comprises solutions that help organizations and businesses handle high volume of customer queries through multiple communication channels including phone calls, emails, social media, and web chat. Contact center software help businesses offer enhanced customer support and satisfaction by streamlining agent-customer interactions and providing real-time analytics and reporting. The Global Contact Center Software Market Size is estimated to be valued at US$ 44.7 billion in 2024 and is expected to exhibit a CAGR of 8.0% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The demand for contact center software has been growing steeply owing to the necessity of businesses to offer omnichannel customer experiences. With contact center software, businesses can now efficiently handle customer queries received through multiple channels simultaneously. They ensure seamless transfer of inquir
Read more

Microscale 3D Printing Market Growth Accelerated by Advanced Manufacturing Techniques

Image
  Microscale 3D printing enables high throughput additive manufacturing of intricate 3D micro-structures and microfluidic devices using a variety of biomaterials. These printed microdevices find applications in areas like tissue engineering, drug discovery, biomedical research, and diagnostics. The Global Microscale 3D Printing Market Size is estimated to be valued at US$ 20.65 Bn in 2023 and is expected to exhibit a CAGR of 8.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The adoption of advanced additive manufacturing techniques is accelerating the growth of microscale 3D printing market. Technologies like two-photon photopolymerization, stereolithography and Continuous Liquid Interface Production enable precise manufacturing of complex features at microscale with high resolution. These high resolution 3D printing methods allow fabrication of medical implants, microfluidic devices and tissue sca
Read more

The Global Seismic Survey Market Growth Accelerated by Increased Oil and Gas E&P Activities

Image
  Seismic surveys are extensively used in oil and gas exploration and production (E&P) activities to locate hydrocarbon deposits and explore potential drilling sites. Seismic surveys provide 3D images of subsurface rock layers, allowing companies to map oil and gas reservoirs and develop plans for exploration and production. The growing demand for energy and increasing oil prices in recent years have led to resurgence in oil and gas E&P projects globally. The Global Seismic Survey Market Size is estimated to be valued at US$ 25.19 Bn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased oil and gas E&P activities have been a key growth driver for seismic survey market over the recent past. Seismic surveys are extensively used in greenfield and brownfield E&P projects to gain vital subsurface information before drilling. With ris
Read more