The Stem Cell Assay Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Stem Cell Assay Global Market Report 2024, The stem cell assay market size has grown exponentially in recent years. It will grow from $1.94 billion in 2023 to $2.35 billion in 2024 at a compound annual growth rate (CAGR) of 21.2%. The growth in the historic period can be attributed to biotechnology advancements, drug discovery and development, regenerative medicine research, disease modeling, public and private investment..
The stem cell assay market size is expected to see exponential growth in the next few years. It will grow to $5.16 billion in 2028 at a compound annual growth rate (CAGR) of 21.7%. The growth in the forecast period can be attributed to personalized medicine and cell therapy, organoid and tissue engineering, ai and machine learning, emerging technologies, regulatory and ethical considerations:. Major trends in the forecast period include 3d cell culture models, high-throughput screening, personalized medicine, crispr-cas9 and genome editing, drug safety and toxicity testing.
The high prevalence of chronic diseases is expected to propel the growth of the stem cell assay market going forward. Chronic disease refers to an ailment or illness that often lasts for three months or longer and has the potential to worsen over time. Stem cells have the potential to treat a wide range of diseases, including chronic diseases. They help in the development of new antibodies and specialized cells that help to cure chronic diseases such as cancer. For instance, according to the Australian Bureau of Statistics, an independent statuary agency of the Australian government, in 2021, nearly 46.6% of Australians of all ages had one or more chronic diseases, and nearly one in five that is 20.7% had two or more chronic diseases. Therefore, the increase in the prevalence of chronic diseases is driving the growth of the stem cell assay market.
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The stem cell assay market covered in this report is segmented –
1) By Type: Cell Viability And Toxicity Assays, Cell Apoptosis Assays, Cell Function Assays, Cell Identification Assays, Isolation And Purification Assays, Cell Differentiation Assay, Other Types
2) By Product: Instruments, Detection kit
3) By Application: Regenerative Medicine And Therapy Development, Drug Discovery And Development, Clinical Research
4) By End User: Government Research Institutes, Private Research Institutes, Industry Research
Product innovations are the key trends gaining popularity in the stem cell assay market. Major companies operating in the stem cell assay market are introducing new products to sustain their position in the market. For instance, in May 2022, Beckman Coulter Life Sciences, a US-based healthcare company launched the AQUOS STEM System that helps to develop hematopoietic stem cells. This system helps to reduce hands-on time by 95% using an automated modular approach, error-prone processes are cut back by 87.5%, and turnaround times are shortened. The system runs on the AQUIOS CL Flow Cytometer that combines sample preparation and analysis in one compact platform.
The stem cell assay market report table of contents includes:
- Executive Summary
- Stem Cell Assay Market Characteristics
- Stem Cell Assay Market Trends And Strategies
- Stem Cell Assay Market – Macro Economic Scenario
- Global Stem Cell Assay Market Size and Growth
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- Global Stem Cell Assay Market Competitive Benchmarking
- Global Stem Cell Assay Market Competitive Dashboard
- Key Mergers And Acquisitions In The Stem Cell Assay Market
- Stem Cell Assay Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- Thermo Fisher Scientific Inc
- Merck KGaA
- Danaher Corporation
- Becton Dickinson and Company
- Bio-Rad Laboratories Inc
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