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Stem Cell Manufacturing Market: Key Players, Growth, Trends, Analysis, Forecast To 2033
Stem Cell Manufacturing Market
As per the report, the stem cell manufacturing market size has grown rapidly in recent years. It will grow from $15.78 billion in 2023 to $17.39 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The stem cell manufacturing market size is expected to see rapid growth in the next few years. It will grow to $26.55 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%.
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Geriatric Population Drives The Stem Cell Manufacturing Market
The rise in geriatric population is expected to propel the stem cell manufacturing market. The geriatric population refers to older adults who are 65 years old and beyond. The geriatric population suffers from various diseases due to low immunity and age. Aging increases the risk of chronic diseases and stem cell manufacturing will help in fighting against these diseases. For instance, according to the United Nations Department of Economic and Social Affairs' September 2020 report, a part of the United Nations Secretariat, the population aged 65 and above is projected to rise from 9.3% in 2020 to around 16.0% in 2050. Furthermore, according to October 2021 factsheet published by World Health Organization, a Switzerland-based international public health agency, there will be 1.4 billion individuals over the age of 60 in the world by 2030, up from 1 billion in 2020. Thus, the rising geriatric population is driving the growth of the stem cell manufacturing market.
Technological Advancements Transforming The Landscape Of Stem Cell Manufacturing
Technological advancement is a key trend in the stem cell manufacturing market. Various stakeholders in the market are focusing on leveraging advanced technologies to sustain in the market. For instance, in September 2021, Cellino, a US-based biotech company specializing in stem cell manufacturing, combined AI, machine learning, hardware, software, and lasers to increase yields while lowering expenses related to the production of human cells. The method can eliminate human annotation and the unpredictability by using machine learning and AI.
The stem cell manufacturing market covered in this report is segmented -
1) By Product: Consumables, Instruments, Stem Cell Lines
2) By Application: Research Applications, Clinical Application, Cell and Tissue Banking Applications
3) By End User: Pharmaceutical And Biotechnology Companies, Academic Institutes, Research Laboratories And Contract Research Organizations, Hospitals And Surgical Centers, Cell And Tissue Banks, Other End Users
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Major companies operating in the stem cell manufacturing market report are Thermo Fisher Scientific Inc., Merck Millipore, Stemcell Technologies, Fujifilm Holdings Corporation, Takara Bio Group, Lonza Group AG, Sartorius AG, Bio-Rad Laboratories, Becton Dickinson and Company, Bio-Techne Corporation, Miltenyi Biotec, Terumo BCT Inc., Corning Inc., Eppendorf AG, ViaCyte Inc., Merck KGaA, Danaher Corporation, Vericel Corporation, American Cryostem Corporation, Cellgenix GMBH, Aspen Neuroscience Inc., Magenta Therapeutics Inc, Pluristem Therapeutics Inc., Takeda Pharmaceutical Company Limited, Daiichi Sankyo Chemical Pharma Co. Ltd., AbbVie Inc., 3D Biomatrix Inc., Worthington Biochemical Corporation, Bico Group, Vericel Corporation .
Contents of the report:
1. Executive Summary
2. Stem Cell Manufacturing Market Report Structure
3. Stem Cell Manufacturing Market Trends And Strategies
4. Stem Cell Manufacturing Market - Macro Economic Scenario
5. Stem Cell Manufacturing Market Size And Growth
…..
27. Stem Cell Manufacturing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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