Induced Pluripotent Stem Cells Market: Emerging Technologies and Future Prospects
The Global Induced Pluripotent Stem Cells Market is poised for significant growth in the forecast period, with an estimated valuation of USD 2.50 billion by 2027, delivering a CAGR of around 8.2%. Induced pluripotent stem cells (iPSC) are a type of stem cells derived from blood or skin cells that have been reprogrammed back to a pluripotent state, similar to that of an embryo, which allows the development of a source for unlimited human cells that can be used for therapeutic applications.
The research on iPSC has seen a massive contribution in novel regenerative medicine, and its crucial clinical applications, especially in regenerative medicine, is propelling the growth of the Induced Pluripotent Stem Cells Market.
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The report provides an extensive analysis of the market based on derived cell type, application, end-user, and region. The market is segmented into Amniotic Cells, Fibroblasts, Keratinocytes, Hepatocytes, and Others based on the derived cell type.
Based on application, the market is segmented into Drug Development, Toxicity Testing, Regenerative Medicine, and Academic. The market is segmented based on end-user into Hospitals and Research Institutions. The regional landscape studied in the induced pluripotent stem cells market report maps the leading regions of North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America dominated the Global Induced Pluripotent Stem Cells Market in 2019, followed by Europe and Asia Pacific. The market in Asia Pacific is speculated to exhibit significant growth in the coming years, with the increasing investment in research projects in the countries of Australia, Singapore, and Japan.
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The report also provides an overview of the leading companies in the market, including Thermo Fisher Scientific, Allele Biotechnology and Pharmaceuticals Inc., ABM (Applied Biological Materials Inc.), Addgene, Axol Bioscience, Cell Signaling Technology, Bluerock Therapeutics, Alstem LLC, Applied Stemcell Inc., ATCC, Creative Bioarray, Bristol-Myers Squibb, Bio-Techne, Reprocell Group Co., Primorigen Biosciences, ID Pharma Co. Ltd., Megakaryon Corp., FUJIFILM Cellular Dynamics, Inc., Waisman Biomanufacturing, Roslin Cell Sciences, Opsis Therapeutics, Corning Life Sciences, Fate Therapeutics, Genecopoeia, Gentarget Inc., Viacyte Inc., Ncardia, Invivogen, Lonza Group Ltd., Plasticell Ltd., Stemcell Technologies, Newcells Biotech, Orig3N Inc., Peprotech, Promega Corp., Promocell Gmbh, Qiagen N.V., System Biosciences Inc., Reprocell Inc., Sciencell Research Laboratories, MilliporeSigma, and Takara Bio Usa Inc.
In conclusion, the Global Induced Pluripotent Stem Cells Market is poised for significant growth, driven by the increasing scope of research in the field, the crucial clinical applications of induced pluripotent stem cells, and the potential applications of iPSC-derived cells in drug discovery and disease modeling. The report provides a comprehensive analysis of the market, including its segmentation based on derived cell type, application, end-user, and region, and an overview of the leading companies operating in the market.
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