Press release
Cancer Stem Cells Market is expected to reach USD 1.6 Billion by 2025 | Key players are Advanced Cell Diagnostics Inc., AdnaGen GmbH, AVIVA Biosciences Corporation, Epic Sciences Inc., Fluxion BiosciencesInc., Celula Inc., Rarecells USA, Inc. and Silicon
Cancer Stem Cells Market Size and Growth Rate:
The global cancer stem cells market size was valued at USD 679.5 million in 2016 and is expected to expand at a CAGR of 9.98% to reach USD 1.6 billion by 2025.
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Cancer Stem Cells Market Growth Drivers and Restraints:
While regulatory challenges pertaining to approval and usage of stem cell therapies are anticipated to inhibit growth of the market, stem cells and cell therapy have shown significant potential to treat cancer effectively. They have been tested on animal models and have shown satisfactory results. Additionally, certain manufacturing and pharmacological issues associated with this cell therapy development is estimated to slow down the progress of the market during the forecast period for which there is steady growth in the R&D for the development of effective and novel treatment methods of manufacturing and applications based on stem cells.
Geographical Insights of the Cancer Stem Cells Market:
Geographically, the cancer stem cells market is segmented into North America, Europe, Asia Pacific and Rest of the world. North America held the largest share in 2016, owing to the presence of a large number of facilities in the U.S. that offer stem cell services rampantly. Also, the awareness quotient is high in these regions. Asia Pacific is likely to emerge as the fastest growing regional market due to the increasing investments by various agencies to accelerate research activities in Asian countries.
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Key Players in the Cancer Stem Cells Market:
Some of the major players in the global cancer stem cells market are Advanced Cell Diagnostics Inc., AdnaGen GmbH, AVIVA Biosciences Corporation, Epic Sciences Inc., Fluxion BiosciencesInc., Celula Inc., Rarecells USA, Inc. and Silicon Biosystems S.p.A.
Cancer Stem Cells Market Key Segmentation:
By cancer type
• lung cancer
• breast cancer
• colorectal cancer
• leukemia
• melanoma
• prostate cancer
• brain cancer
• bone cancer
By geography
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
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