Stem Cell Assay Market Top Companies to Watch Out:erck & Co., Thermo Fisher Scientific, GE Healthcare, Agilent Technologies, Bio-Rad Laboratories, Promega Corporation, Cell Biolabs

Stem cells are basic form of biological cells, which can differentiate into other types of cells and can produce more of the same type of stem cells. There are two types of stem cells, which include embryonic stem cells, and adult stem cells. These cells are present in areas in the body such as bone marrow, adipose tissue, and blood. Stem cells are also taken from umbilical cord blood.

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Rising prevalence of various diseases such as cancer and cardiovascular diseases, and potential of stem cell therapy in the management of these diseases is expected to drive growth of the stem cell assay market over the forecast period. According to the American Cancer Society, in 2017, cancer was the second most common cause of death in the U.S., which accounted for nearly 1 out of every 4 deaths. Stem cell transplant could replace the neurons damaged by spinal cord injury, stroke, and Alzheimer’s disease. These factors are expected to drive growth of the stem cell assay market over the forecast period. Moreover, organizations such as California’s Stem Cell Agency is indulged in the development of new stem cell based therapies for chronic diseases such as cancer and rare diseases.

Stem Cell Assay Market Insights

North America and Europe are expected to witness significant growth in the market over the forecast period. This is owing to presence of key manufacturers and researchers of stem cell based therapies in these regions.

Stem Cell Assay Market Competitive Landscape

Key players operating in the global stem cell assay market include Merck & Co., Thermo Fisher Scientific, GE Healthcare, Agilent Technologies, Bio-Rad Laboratories, Promega Corporation, Cell Biolabs, PerkinElmer, Miltenyi Biotec, HemoGenix, Bio-Techne Corporation, STEMCELL Technologies, and Cellular Dynamics International.

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Stem Cell Assay Market Taxonomy-

The global stem cell assay market is segmented on the basis of product type, cell type, process, application, and geography.

By Product Type-

• Instruments
• Reagents & Kits

By Cell Type –

• Adult Stem Cells

o Induced Pluripotent Stem Cells
o Mesenchymal Stem Cells
o Neural Stem Cells
o Hematopoietic Stem Cells
o Umbilical Cord Stem Cells

• Human Embryonic Stem Cells

By Process –

• Cell Culture
• Engineering
• Differentiation
• Characterization
• Others

By Application -

• Research
• Drug Discovery & Development
• Regenerative Medicine

By Region -

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

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This release was published on openPR.