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Global Induced Pluripotent Stem Cells Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Induced Pluripotent Stem Cells Market
Global induced pluripotent stem cells market was valued at US $ XX Mn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024
Market Outline: Induced Pluripotent Stem Cells Market
Induced pluripotent stem cells are one of the types of the pluripotent stem cells which can be generated from the adult cells. The induced pluripotent stem cells are generally derived from the blood cells or the skin cells that have been reprogrammed back into an embryonic-like pluripotent state. It enables to develop an unlimited source of any type of human cells that are needed for therapeutic purposes. As they are generated from the adult stem cells, they doesn’t require embryo. The Induced pluripotent stem cells play a vital role in the regenerative medicine.
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Market Dynamics: Induced Pluripotent Stem Cells Market
Increase in the prevalence of various chronic diseases such as leukemia, diabetes, and heart diseases is majorly driving the growth of the induced pluripotent stem cells market. The growing adoption of regenerative medicine is likely to drive the growth of the market. The potential of early stage of human cells development is helping in the customization of flawless match of genes which is enhancing the growth of the induced pluripotent stem cells market. However, the factors such as incomplete programming, premature cell death and higher cost involved in the treatment procedures are likely to hamper the growth of the induced pluripotent stem cells market.
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Market Scope: Induced Pluripotent Stem Cells Market
Induced pluripotent stem cells market is segmented based on the technology, and end user
Based on the technology, the market is segmented into the following:
• Cell Production
• Cell Acquisition
• Expansion and Sub-Culture
• Cryopreservation
Based on the end user, the market is segmented into the following:
• Academic Institutions
• Research Institutes
• Biotechnology Companies
• Others
Regional Analysis: Induced Pluripotent Stem Cells Market
Geographically, global induced pluripotent stem cells market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America induced pluripotent stem cells market growth driven by increase in the prevalence of chronic diseases such as cancer, heart diseases. The growing adoption of the new treatment procedures are likely to enhance the growth of the induced pluripotent stem cells market in the region. The Asia Pacific region is expected to show significant growth over the forecast period.
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Competition Assessment: Induced Pluripotent Stem Cells Market
Some of the players in the global induced pluripotent stem cells market include:
• Acelity Holdings, Inc. (U.S)
• StemCells, Inc. (U.S)
• Japan Tissue Engineering Co., Ltd. (Japan)
• Organogenesis Inc (U.S)
• Fujifilm Holding Corporation (Japan)
• Fate Therapeutics (U.S)
• Bristol-Myers Squibb Company (U.S)
Notable Market Developments: Induced Pluripotent Stem Cells Market
In March 2015, FUJIFILM Holdings Corporation acquired Cellular Dynamics International, Inc.
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