Press release
Stem Cell Manufacturing Market: Robust Growth from $17.5 billion to $30.27 billion Forecasted by 2029
Stem Cell Manufacturing Market Size
What Is The Projected Market Size Of The Global Stem Cell Manufacturing Market And Its Growth Rate?
• Stem cell manufacturing market was valued at $17.5 billion in 2024
• It's expected to reach $19.22 billion in 2025, growing at a CAGR of 9.8%
• The market will further expand to $30.27 billion in 2029 at a CAGR of 12.0%
Historically, the market has seen growth with advancements in biotechnology, research and development initiatives, clinical trials and therapeutic applications, investment in infrastructure. Future growth will be driven by increased funding and investments, emergence of cell-based therapies, rise in clinical trials and approvals, and customized patient-specific therapies.
What Is Driving The Growth In The Stem Cell Manufacturing Market?
The stem cell manufacturing market is being driven by the rising geriatric population. Aging increases the risk of chronic diseases, against which the stem cells can be effective. For instance, the population of Americans aged 65 and older is expected to grow from 58 million in 2022 to 82 million by 2050, a 47% increase, according to the Population Reference Bureau. This indicates a trend that is expected to drive the growth of the stem cell manufacturing market.
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Who Are the Key Players Driving Stem Cell Manufacturing Market Growth?
Key players in the market include:
• 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
What Are The Key Trends In The Stem Cell Manufacturing Market?
• Focus on 3D bioprinting
• Expansion in induced pluripotent stem cells (ipscs)
• Automation and robotics integration
• Standardization and scalability
• Advancements in bioreactor technology
What Are The Segments Of The Global Stem Cell Manufacturing Market?
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 Labs And Contract Research Organizations, Hospitals And Surgical Centers, Cell And Tissue Banks, Others
Which Region Leads The Stem Cell Manufacturing Market?
North America was the largest region in the stem cell manufacturing market in 2024. Europe was the second-largest region, while Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa also contribute to the market.
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What Is Covered In The Stem Cell Manufacturing Market Global Market Report?
- Market Size Analysis: Analyze the Stem Cell Manufacturing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Stem Cell Manufacturing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Stem Cell Manufacturing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Stem Cell Manufacturing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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