Stem cell is the basic biological cell form, which could be differentiated in other cell types and could produce more stem cells of the same type. There are 2 kinds of stem cells, including adult stem cells, and embryonic stem cells. The cells are existing in other areas of the body including bone marrow, blood, and adipose tissue. Stem cells can also be taken from the blood of the umbilical cord. The population of stem cells within the body is maintained with two processes, including stochastic differentiation and obligatory asymmetric replication. The stem cell play a vital part in the body’s natural process of healing and introduction of the stem cells have exhibited positive results to treat many diseases including cancer.
Importance of the stem cell assays lie within the fact that its used in several processes including cytotoxicity studying, viability, isolation and stem cells purification, cell proliferation, cell differentiation, and cell identification, for the research purposes. Commercially accessible stem cell assays consists Stem Cell Pluripotency Array, NSC ICC Kit, TaqMan iPSC Sendai Detection Kit, and TaqMan Array Mouse Stem Cell Pluripotency Panel.
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Global Stem Cell Assay Market Drivers
Rising incidence of several diseases including cardiovascular diseases and cancer, and stem cell therapy potential to manage these diseases is expected to propel the global stem cell assay market growth over the forecast period. In 2017, as per the American Cancer Society, cancer accounted for second most prevalent cause leading to death in the U.S., resulting in around 1 in every four deaths. Innovative therapies including stem cell therapy and stem cell transplant could potentially enhance medical outcomes for chronic diseases.
Moreover, conducting research is required for pure stem cells for several purposes. The stem cell transplant might replace neurons damaged due to spinal cord injuries, Alzheimer’s disease, and stroke. Such aspects are expected to propel the global stem cell assay market growth over the forecast period. Furthermore, organizations including Stem Cell Agency from California is engaged in development of therapies based on novel stem cells for the chronic diseases including cancer and infrequent diseases.
For instance, companies such as Fate Therapeutics and Sangamo Therapeutics are working upon therapies based on stem cells for diseases including cancer and β-Thalassemia respectively. These therapies are FT516: a natural killer cell immunotherapy and ST-400 Autologous HSPC Transplant respectively. Furthermore, due to notable increase within the stem cell based studies and researches, the global stem cell assay market is expected to register robust growth during the forecast period.
However, in case the stem cells aren’t differentiated properly into required type of adult cell, the transplanted stem cells might return back to teratomas (cells forming teratoma), with the possibility of rejection of transplant always. This factor is expected to hamper growth of the global stem cell assay market over the forecast period.
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Global Stem Cell Assay Market Insights
North America and the Europe is expected to register robust growth in the global stem cell assay market over the forecast period. It is due to researchers and key manufacturers present for therapies based on stem cell in the regions. Furthermore, manufacturers including Agilent Technologies and ThermoFisher Scientific, Inc. offering stem cell assay are present within North America, which is expected to fuel the global stem cell assay market over the forecast period. Asia Pacific is expected to witness robust growth during the forecast period, since researchers from Japan and China are working for therapies based on stem cell. For instance, clinical trials for embryonic stem cell were introduced for Parkinson’s disease in China in 2017.
Global Stem Cell Assay Market Competitive Landscape
Major players functioning in the global stem cell assay market are Merck & Co., GE Healthcare, Agilent Technologies, Thermo Fisher Scientific, Bio-Rad Laboratories, Cell Biolabs, Promega Corporation, PerkinElmer, HemoGenix, Miltenyi Biotec, Bio-Techne Corporation, Cellular Dynamics International, and STEMCELL Technologies.
Global Stem Cell Assay Market Taxonomy-
Based on Product Type-
- Reagents & Kits
Based on Cell Type –
- Human Embryonic Stem Cells
- Adult Stem Cells
- Mesenchymal Stem Cells
- Induced Pluripotent Stem Cells
- Neural Stem Cells
- Umbilical Cord Stem Cells
- Hematopoietic Stem Cells
Based on Process –
- Cell Culture
Based on Application –
- Drug Discovery & Development
- Regenerative Medicine
Based on Region –
- North America
- Asia Pacific
- Latin America
- Middle East
Reasons to Purchase this Report
Current and future of global Stem Cell Assay market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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Major Point Answered in Stem Cell Assay Market Research Study are:
What will be the progress rate of the Stem Cell Assay Market for the conjecture period, 2020-2027?
What are the prominent factors driving the Stem Cell Assay Market across different regions?
Who are the major vendors dominating the Stem Cell Assay industry and what are their winning strategies?
What will be the market scope for the estimated period?
What are the major trends shaping the expansion of the industry in the coming years?
What are the challenges faced by the Stem Cell Assay Market?
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
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