Press release
Stem Cell Manufacturing Market Growth Factors 2020 Industry Size, Share with Future Trend, Business Opportunities by 2023
“Global Stem Cell Manufacturing Market” Information by Application Therapy & Research & Cell, Product Stem Cell Lines and Instruments, Consumables & Culture Media, End User Pharmaceutical/Biotechnology Companies & CRO, & Region—Forecast till 2023Market Drivers and Key Barriers
The manufacturing of stem cells involves cells culturing that has been obtained from bone marrow or the blood cells around it, which can then be developed into specialized types of cell. Therefore, a significant upsurge has been noted in terms of demand to repair or replace damaged cells as well as tissues using regenerative medicines. The elevated rate of adoption of regenerative medicine has given way to numerous growth opportunities within the market that are set to be capitalized over the next couple of years.
Stem cells have made their way into the field of treating a range of diseases and are predicted to gain immense traction in the subsequent years. The Stem Cell Manufacturing Market is a budding market, with the continuous developments occurring in quality engineering luring in several international giants into the competitive landscape.
A large number of clinical trials are inching close to the final stage, which is bound to elevate the market position of stem cell manufacturing during the evaluation period. But, the scarcity of FDA approved stem cell treatment products could have a debilitating effect on the market growth in the near future.
Having said that, the progressively rising trend of surging public-private investments in research and development based on stem cell is expected to prevail throughout the appraisal period. This factor is prognosticated to help the stem cell manufacturing market surge manifolds in the coming years. Citing a reference, Promethera Biosciences SA, a global company with expertise in cell-based medicines and liver diseases, has closed a series D financing valued at USD 44.4 Mn, in order to accelerate its HepaStem clinical program, in addition to elevating its manufacturing operations.
Get Exclusive Sample Copy at https://www.marketresearchfuture.com/sample_request/6942
Competitive Landscape
The renowned manufacturers are currently indulging in corporate acquisitions, product launches, and geographic expansions in a bid to attain a better position in the global market. Furthermore, the companies are seeking the help of e-commerce for distribution of their products. Other than this, various companies are also striving to expand their international footprints by penetrating the untapped markets.
Some of these players in the global stem cell manufacturing market include HiMedia Laboratories (India), Bio-Rad Laboratories Inc (US), Athersys Inc (US), Lonza (Switzerland), Becton, Dickinson and Company (US), Fujifilm (New York), Bristol-Myers Squibb Company (US), Thermo Fisher Scientific (US), STEMCELL Technologies Inc. (US), Merck KGaA (Germany), and others.
Market Segmentation
The global market for stem cell manufacturing is segmented based on application, product, and end user.
With respect to the application, the market is considered for therapy, research and cell, and tissue banking.
The stem cell manufacturing market, in terms of product, caters to stem cell lines, instruments, consumables, and culture media. Among these, the stem cell lines segment is expected to cover the largest portion of the market, displaying a lucrative CAGR of 7.9% to attain the valuation of USD 9,366.9 million by 2023. On account of its exceptional qualities of repairing, replacing, and regenerating tissues, the demand for stem cell lines has surged at a considerable pace in recent years.
The end-users covered by the report are pharmaceutical/biotechnology companies & CRO and hospitals & stem cell banks.
Recent Updates
May 2019: KangStem Biotech has finished the construction of its stem cell drug plant in Gyeonggi Province, which is said to be the world’s biggest-capacity plant that manufactures stem cell therapies. The plant has the capacity to produce five times more drugs compared to the facilities built before and manufactures about 36,000 vials of Furestem-AD every year.
Regional Insight
The worldwide market for stem cell manufacturing is spread across the main regions of Europe, the Americas, Asia Pacific, as well as the Middle East & Africa.
In 2017, the Americas had been identified as the largest market for stem cell manufacturing, with the region predicted to maintain its lead even during the conjectured time frame. The region houses several well-established biotechnology and pharmaceutical companies, which is expected to catalyze the development of the regional market for stem cell manufacturing. In addition, the rising burden of cancer in the region is anticipated to trigger the demand for innovations in stem cell therapies, thereby elevating the market position within the region.
Europe has managed to climb the global chart at a significant pace, accumulating the second-largest share in the overall market. The crucial factors helming the growth of the regional market include the constant efforts being put in by prominent manufacturers, increasing the prevalence of cancer, elevated healthcare expenditure, and the rise in technologically advanced products.
The Asia Pacific market for stem cell manufacturing is believed to be growing at the fastest rate across the globe. The strong market growth in the region is the result of a highly favorable reimbursement scenario backed by various governmental bodies pertaining to medical procedures. The market in the region also benefits from an expanding geriatric population coupled with the growing demand for relevant treatment processes.
Browse Complete 90 Pages Premium Research Report Enabled with 90+ Respective Tables and Figures at https://www.marketresearchfuture.com/reports/stem-cell-manufacturing-market-6942
About US:
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Us:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
Phone: +1 646 845 9312
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Stem Cell Manufacturing Market Growth Factors 2020 Industry Size, Share with Future Trend, Business Opportunities by 2023 here
News-ID: 2207264 • Views: …
More Releases from Market Research Future
9-Decanoic Acid Methyl Ester Market Poised for Strong 6.59% CAGR Growth Through …
The 9-decanoic acid methyl ester market is a growing sector driven by the increasing demand for bio-based and sustainable chemical products across various industries. With its unique properties, it finds application in flavors and fragrances, pharmaceuticals, personal care, and as a chemical intermediate. The market is projected to expand significantly in the coming years.
Market Overview and Size
The global 9-decanoic acid methyl ester market was valued at USD 230.0 million in…
Washable Marker Market Poised for 3.54% CAGR Growth During 2024-2032
The washable marker market is a dynamic and growing segment within the broader stationery and art supplies industry. Driven by a blend of consumer demands for safety, convenience, and sustainability, the market is experiencing consistent expansion, particularly within the education and home-use sectors. While faced with some challenges, the industry's future looks promising, propelled by product innovation and evolving consumer trends.
Get Sample @ https://www.marketresearchfuture.com/sample_request/41217
Market Size and Growth
The global washable…
Phone Car Mounts Market to Reach USD 7.37 Billion by 2034, Growing at 6.47% CAGR
The phone car mounts market, a critical sub-segment of the broader automotive accessories industry, is experiencing robust growth driven by a convergence of technological advancements, evolving consumer behavior, and increasingly stringent road safety regulations. As smartphones become indispensable for navigation, communication, and in-car entertainment, the demand for secure and convenient hands-free solutions continues to escalate. The global phone car mounts market was valued at USD 3.93 billion in 2024 and…
Intravenous (IV) Solution Market Set to Grow to USD 26.60 Billion at 7.70% CAGR …
Market Overview:
The Intravenous (IV) Solution Market is estimated to be valued at USD 13.9 billion in 2023 and is projected to reach USD 26.60 billion by 2032, expanding at a compound annual growth rate (CAGR) of 7.70% from 2024 to 2031. The market growth is attributed to the rising prevalence of chronic diseases, growing hospitalization rates, and increasing surgical procedures that require IV fluid administration. Intravenous solutions are critical…
More Releases for Stem
Animal Stem Cell Therapy Market Worth Observing Growth| Cell Therapy Sciences, M …
Advance Market Analytics published a new research publication on "Animal Stem Cell Therapy Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Animal Stem Cell Therapy market was mainly driven by the increasing R&D spending across the world. Some of…
Introducing My STEM Resume: The Ultimate Solution for STEM Professionals
As STEM industries continue to grow, so does the demand for qualified professionals. Yet, many STEM students and professionals face challenges in effectively showcasing their skills and experience to prospective employers. Recognizing this need, Brendon, a seasoned STEM professional, has developed a groundbreaking solution: My STEM Resume.
My STEM Resume is a cutting-edge app designed specifically for STEM professionals, offering a comprehensive suite of tools to streamline the resume creation and…
Animal Stem Cell Therapy Market 2022: Allogeneic Stem Cells Popular Sourcing Cho …
The global animal stem cell therapy market recorded sales of around US$ 249.9 Mn in 2021 and the market is predicted to experience healthy growth over the years ahead at a CAGR of 5.2% (2022 to 2032).
Request For Free Sample Report of "Animal Stem Cell Therapy Market"@ https://www.persistencemarketresearch.com/samples/14941
Animal stem cell therapies are treatments for disorders such as arthritis, soft tissue injuries, traumatic fractures, tendonitis, inflammatory bowel disease, and others that…
Animal Stem Cell Therapy Market 2021 Research Report by Experts- Magellan Stem C …
Global Animal Stem Cell Therapy Market Size, Status and Forecast 2022
The Global Animal Stem Cell Therapy Market Research Report 2022-2027 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive…
Stem Cells Market: Development of Infrastructure to Drive Global Stem Cells Mark …
In the global stem cells market a sizeable proportion of companies are trying to garner investments from organizations based overseas. This is one of the strategies leveraged by them to grow their market share. Further, they are also forging partnerships with pharmaceutical organizations to up revenues.
Read Report Overview - https://www.transparencymarketresearch.com/stem-cells-market.html
In addition, companies in the global stem cells market are pouring money into expansion through multidisciplinary and multi-sector collaboration for large…
Global Animal Stem Cell Therapy Market Detailed Analysis 2018-2025 : MediVet Bio …
Qyresearchreports include new market research report “Global Animal Stem Cell Therapy Market Research Report 2018” to its huge collection of research reports.
Animal stem cell therapy is a usage of animals stem cell to treat a disease or disorder. The ability of stem cell is to divide and differentiate into a cell with specialized function useful for repairing body tissues damaged by injury or disease. The animal stem cell therapy process…
