Stem Cell Assay Market Key Developments Trends, Analysis and Forecasts Till 2023
Added: (Tue Jan 29 2019)
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Stem cells have a remarkable potential to develop into different types of cells and are involved in the internal repair system of the body. Stem cell assays are the techniques for analyzing the living cells on the parameters of shape, size, besides others with the aim to measure biochemical and cellular functioning of the cells.
Growing biotechnology sector and increasing Global burden of the diseases like cancer, diabetes, and others is the major driver for market growth during the forecast period. Additionally, growing healthcare expenditure and rising government support, boosts the market growth. However, stringent government policies, high procedural cost followed, and lack of awareness and skilled forces restrains the market growth during the projected period. Market for Global Stem Cell Assay is Estimated to grow at an Approximate cagr of 19.80% from 2017 to 2023.
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Key Players for Global Stem Cell Assay Market
GE Healthcare (U.K.), Promega Corporation (U.S.), Thermo Fisher Scientific (U.S.), Merck KGaA (Germany), Cell Biolabs, Inc. (U.S.), Hemogenix (U.S.), STEMCELL Technologies Inc. (CA), Bio-Rad Laboratories, Inc. (U.S.), Bio-Techne Corporation (U.S.), and Cellular Dynamics International Inc. (U.S.), and others.
Segments for Global Stem Cell Assay Market
The Global Stem Cell Assay Market is segmented on the basis of product, technology, assay, application, and end-user.
On the basis of the product, the market is categorized into microelectrode arrays, flow cytometer, cell imaging systems, automated cell counter, kits, and others. The kits segment is sub-segmented into mesenchymal stem cell kits, induced pluripotent stem cell kits, umbilical cord stem cells, and others. On the basis of the technology, the market is segmented into microfabricated assisted technology microfluidics-based cell trap technologies, and others. On the basis of the assay, the market is segmented into cell viability & toxicity assays, cell identification assays, cell proliferation assays, cell apoptosis assays, and others. On the basis of the application, the market is segmented into the orthopedic & musculoskeletal spine, dermatology, cardiovascular, central nervous system, and others. On the basis of the end user, the market is segmented into biotechnology industries, research organizations, academic institutes, and others.
Regional Analysis for Global Stem Cell Assay Market
The Americas dominate the Global Stem Cell Assay Market owing to increasing adoption of new technologies and a huge patient population for diseases like diabetes, cancer, and others.
The Global Stem Cell Assay Market in Europe is the second largest owing to the growing biotechnology sector and huge patient population. Additionally, increasing support by the government for research and development boosts the market growth.
Asia Pacific region is the fastest growing market for stem cell assay owing to increasing awareness and rising healthcare expenditures within the region. Moreover, the presence of the developing economies like India and China have a developing biotechnology sector which fuels the market growth. In 2017. India biotechnology industries comprised ~800 related companies and was valued to be approximately around USD 11.6 billion in 2017.
The Middle East & Africa has the least share in the Global Stem Cell Assay Market due to low per capita healthcare expenditure, lack of awareness, stringent government policies, and presence of poor economies, especially within the in the African region. The Middle East holds a majority of the Stem Cell Assay Market in the Middle East & Africa region.
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