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iPSCs Manufacturing Services Market Exclusive Trends Analysis with Forecast to 2031
The iPSCs Manufacturing Services Market Size is valued at 1095.8 Million in 2022 and is predicted to reach 2994.6 Million by the year 2031 at a 12.19 % CAGR during the forecast period for 2023-2031.
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Skin or blood cells are the source of induced pluripotent stem cells (iPSCs). They are cells that are reprogrammed from somatic cells with the help of different transcription factors. These cells have the potential for self-renewal and can differentiate into any of the 220+ human cell types. iPSC has certain advantages over other stem cell types. iPSCs are used to produce regenerative medicines, wound healing models and patient-specific cells, which can be transplanted to the site of injury or tissue degeneration due to various disease conditions. iPSC has several essential properties, including the ability to use ample donor somatic cells, eliminate histocompatibility issues with donor/recipient transplants, and its use in drug discovery and developmental investigations.
Personalized medicine research and production and extended application of regenerative medicines are prominent growth factors of the iPSCs manufacturing market. Rising research and development trials on cardiac syndromes and neuropathies will strengthen the market growth. iPSC manufacturing industry growth is boosted by the automated platform, reducing the cost and increasing production, and new expanstions and strategic collaborations support it. iPSC manufacturing industry faces challenges like Tumorigenicity, immune rejection, phenotypic heterogeneity of therapeutic cell products and genetic instability for research and development.
However, expensive therapies and uncertainty in differentiated tissues will hamper the production of iPSCs soon. Also, mass production processes and methods are under continuous development, which may hamper the growth in the forecasting period.
North America is expected to lead the manufacturing services market in the forecast period, followed by Europe due to fast research on neuropathies, cardiac diseases, and personalized medicine production. Also, large funding for development in manufacturing of iPSC will be responsible for the growth.
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Significant market key players are I Peace Inc., Lonza Group AG, Axol Bioscience Ltd., FUJIFILM Cellular Dynamics, Inc., Ncardia, Cynata Therapeutics Limited, Evotec SE, Celogics Inc, Catalent, Inc, CCRM, Applied StemCell Inc. (ASC), RoslinCT, Takara Bio Inc, Thermo Fisher Scientific, Inc, Other Prominent Players
Key developments in the market
• In Apr 2022, Ncardia launched a new business, Cellistic™, to focus Ncardia's induced pluripotent stem cell (iPSC) expertise on cell therapy development and manufacturing. The expansion is to focus dedicated resources and capabilities to address the growing need for iPSC cell therapy solutions, including developing robust cell-specific manufacturing platforms.
• In Nov 2020, FUJIFILM Cellular Dynamics and Lonza signed an agreement that enables drug developers to leverage both companies' expertise and technologies to generate iPSCs through licensing agreements.
• In May 2021, BlueRock Therapeutics, FUJIFILM Cellular Dynamics, and Opsis Therapeutics announced a strategic R&D association to discover and develop cell therapies for eye diseases. The companies will merge their collective expertise to discover and develop off-the-shelf iPS cell therapies for ocular diseases.
• In Oct 2020, Axol Biosciences announced the expansion of its service offering, with the introduction of multi-electrode array (MEA) screening for human induced pluripotent stem cell (hiPSC)-derived cells. This expansion supports pre-clinical research by optimizing human iPSC-derived cell culture, while providing high-quality electrophysiological data acquisition and analysis from physiologically relevant human cell models.
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Global iPSCs Manufacturing Services Market, by By Applications, 2022-2030 (Value US$ Mn)
• Research Products
• Drug Development & Discovery
• Cellular Therapy
• Toxicology Screening
• Personalized Medicine
• Disease Modelling
• Stem Cell Banking
• Emerging Applications
Global iPSCs Manufacturing Services Market, by End-User, 2022-2030 (Value US$ Mn)
• Pharmaceutical & Biotechnology Companies
• Academic institutes, Research Laboratories & CROs
• Hospitals & Surgical Centres
• Cell & Tissue Banks
• Other End Users
Global iPSCs Manufacturing Services Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America IPSCs Manufacturing Services Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe IPSCs Manufacturing Services Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific IPSCs Manufacturing Services Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America IPSCs Manufacturing Services Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa IPSCs Manufacturing Services Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global IPSCs Manufacturing Services Market
To receive an industry overview and future trends of the IPSCs Manufacturing Services Market
To analyze IPSCs Manufacturing Services Market drivers and challenges
To get information on the IPSCs Manufacturing Services Market size (Value US$ Mn) forecast to 2030
Significant investments, mergers & acquisitions in the IPSCs Manufacturing Services Market industry
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