Press release
GMP Cytokines Market Expectations & Growth, Trends Highlighted
The GMP Cytokines Market is expected to reach US$ 158.13 million in 2027 from US$ 84.72 million in 2019; it is estimated to grow at a CAGR of 8.1% from 2020 to 2027.The growth of the GMP cytokines market is mainly attributed to increase in acceptance of cytokines cancer and autoimmune therapies and potential contribution in the stem cell therapy. However, high cost associated with GMP cytokines therapy is projected to deter the market growth.
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Analysis of the Top Market Players:
1. Miltenyi Biotec
2. Sino Biological Inc.
3. ABCAM
4. PeproTech Inc.
5. Akron Biotech
6. CellGenix GmbH
7. BIO-TECHNE CORPORATION
8. CREATIVE BIOARRAY
9. Proteintech Group Inc.
10. REPROCELL Inc
In this report, the market has been segmented on the basis of:
Type (TNF, Interleukins, Growth Factors, and Others),
Application (Cell and Gene Therapy, Tissue- Engineered Products, and Others), and Geography
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Stem cell research has been widely investigated globally to improve the quality of human health. The stem cells play a prominent role in replacement and reconstruction of damaged tissues. Based on extensive research on stem cells, many scientists have appealed that the cells could probably generate novel therapies for various chronic diseases, such as cardiovascular disease and cancers. With the advent of new technologies and research, the cytokines growth factor is also contributing to the utilization of stem cells for novel therapeutics.
Hematopoietic stem cell therapy cytokines (growth factors) play a major role in the regulation of multiple parameters of hematopoietic stem cells, such as self-renewal, quiescence, apoptosis, differentiation, and mobilization. Moreover, the growth factors are also responsible for cooperative actions of several other growth factors and other hormones for binding of receptors on these cells. Hematopoietic stem cells are currently used for treating more than 80 medical diseases, which include diseases of the immune system, blood disorders, metabolic disorders, neurological disorders, genetic disorders, and several types of cancers, including leukemia and lymphoma.
Further, extensively increasing number of product launches for the stem cell therapies is further extended to boost the market growth. For instance, in December 2019, CEVEC and CellGenix announced launch of GMP TGF-?1 for the cell and gene therapy industry. Such product launches are anticipated to boost the growth of the GMP cytokines market during the forecast period.
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