Stem Cell Assay Market Assured to Achieve Significant Growth at 19.80% CAGR till 2023 | by GE Healthcare, Promega Corporation, Thermo Fisher Scientific, Merck KGaA, Cell Biolabs, Inc., etc

Global Stem Cell Assay Market is estimated to grow at an approximate CAGR of 19.80% from 2018 to 2023. Experts predicts that market will cross highest growth rate during forcasted period. Report is available with exclusive analysis with recent trends, industry size and share which is completely unique.

Segments for Global Stem Cell Assay Market

Market structure is determined by its various significant sections which, in the report have been segmented on the basis of product, technology, assay, application, end-user, and region. Products in the market include flow cytometer, cell imaging systems, automated cell counter, kits, and others. The kits segment has been sub-segmented and includes umbilical cord stem cells, induced pluripotent stem cell kits, mesenchymal stem cell kits, and others.

The technology used in stem cell assays include microfluidics-based cell trap technologies, microfabricated assisted technology, and others

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Assays in the market include cell identification assays, cell viability & toxicity assays, cell proliferation assays, cell apoptosis assays, and others.

Applications of stem cell assays can be found in orthopedic & musculoskeletal spine, dermatology, cardiovascular, central nervous system, and others.

End-users of stem cell assays include research organizations, academic institutes, biotechnology industries, academic institutes, and others.

Stem Cell Assay Market - Overview

Stem Cells have been acknowledged for their promising potential toward the development of various cutting-edge treatments for a number of diseases. As such, stem cell assays have a rapidly growing market. Stem cell assays are essentially the techniques used for analyzing living cells by various parameters which ultimately help determine the biochemical and cellular functioning of cells. This has immense promise in drug development activities. Market Research Future's study of the market in its latest report has found that the global stem cell assay market is on track to register a highly optimistic outlook at a CAGR of 19.80% during the review period from 2017 to 2023.

Stem cell assays are a promising part of the biotechnology field, which is growing at a rapid pace. The prevalence of chronic and several lifestyle diseases has compelled the growth of drug development activities in an effort to develop effective treatments. Diseases such as cancer and diabetes are soaring at high rates and the demand for better, efficient and more affordable treatments are driving the market toward growth. Healthcare expenditure across the globe is increasing, and advancement in biotechnology and other medical technologies is highly encouraging of market growth. Government support toward drug development for chronic diseases has increased stem cell assay research.

The market is held back by stringent government policies associated with approval of drugs as well as the high procedural cost of stem cell assays. Moreover, there is a lack of awareness regarding stem cell assays, and as a result, there is a dearth of skilled professionals which restrains market growth. However, growing healthcare activities and the increasing demand for treatment is likely to bring stem cell assays to the forefront and opportunities in the market are plentiful.

Key Players for Global Stem Cell Assay Market
• GE Healthcare (U.K.),
• Promega Corporation (U.S.),
• Thermo Fisher Scientific (U.S.),
• Merck KGaA (Germany),
• Cell Biolabs, Inc. (U.S.),
• Hemogenix (U.S.),
• STEMCELL Technologies Inc. (CA),
• Bio-Rad Laboratories, Inc. (U.S.),
• Bio-Techne Corporation (U.S.), and
• Cellular Dynamics International Inc. (U.S.), and others.

Regional Analysis for Global Stem Cell Assay Market

The Americas dominate the Global Stem Cell Assay Market owing to increasing adoption of new technologies and a huge patient population for diseases like diabetes, cancer, and others.

The Global Stem Cell Assay Market in Europe is the second largest owing to the growing biotechnology sector and huge patient population. Additionally, increasing support by the government for research and development boosts the market growth.

Asia Pacific region is the fastest growing market for stem cell assay owing to increasing awareness and rising healthcare expenditures within the region. Moreover, the presence of the developing economies like India and China have a developing biotechnology sector which fuels the market growth. In 2017. India biotechnology industries comprised ~800 related companies and was valued to be approximately around USD 11.6 billion in 2017.

The Middle East & Africa has the least share in the Global Stem Cell Assay Market due to low per capita healthcare expenditure, lack of awareness, stringent government policies, and presence of poor economies, especially within the in the African region. The Middle East holds a majority of the Stem Cell Assay Market in the Middle East & Africa region.

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