New York, NY -- (SBWire) -- 02/12/2019 --Key players operating in the global stem cell assay market are Thermo Fisher Scientific, Promega Corporation, STEMCELL Technologies Inc., Merck KGaA, GE Healthcare, Bio-Techne Corporation, Hemogenix, Bio-Rad Laboratories, Inc., Cellular Dynamics International Inc., and Cell Biolabs Inc.
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Market Industry Reports (MIR) has published a new report titled "Stem Cell Assay Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report the global stem cell assay market was valued at over US$ 450.0 Mn. in 2017 and is expected to grow at a double digit CAGR over the forecast period.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, Stem Cell Assay Market by Product & Service (Instruments, Kits) Cell Type(Adult Stem Cells, Human Embryonic Stem Cells), Application (Regenerative Medicine, Drug Discovery, Clinical Research), Type (Cell Identification, Viability, Proliferation Assay) - Global Analysis & Forecast, 2019-2030 in detail along with the table of contents: https://www.marketindustryreports.com/8/stem-cell-assay-market
Increasing burden of chronic diseases to boost the market growth
Increasing global burden of diseases such as diabetes, cancer, and others are projected to be the major factors leading to the market growth. According to the World Health Organization (WHO) in 2017, number of patients suffering from type I and type II diabetes was estimated to be over 422 million. Moreover, the disease is expected to be the seventh largest cause of death by 2030.
According to American Cancer Society, in 2017, there were over 1.6 million new cancer cases in the U.S. Hence, there exists a need for developing new treatment methods which have led to the rise in approvals of clinical trials for the stem cell based therapies.
Stem cells to be the future of regenerative medicine
Stem cells possess the regenerative quality which has been utilized for the treatment of various diseases such as diabetes. Recently in 2018, Scientists at Cincinnati Children Center for Stem Cell and Organoid Medicine (CuSTOM) have artificially grown esophagus tissues in the research laboratory using the pluripotent stem cells. These lab grown esophagi are expected to help treat a range of condition including gastro esophageal reflux disease, esophageal cancer, esophageal atresia, esophageal achalasia and various others
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Region wise performance of the Stem Cell Assay industry
This report studies the global Stem Cell Assay market status and forecast, categorizes the global Stem Cell Assay market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
The Research Provides Answers to the Following Key Questions:
- What is the size of occupied by the prominent leaders for the forecast period, 2019 to 2030? What will be the share and the growth rate of the Stem Cell Assay Market during the forecast period?
- Which companies are dominating the competitive landscape across different region and what strategies have they applied to gain a competitive edge?
- What are the major factors responsible for the growth of the Stem Cell Assay market across the different regions?
- What are the challenges faced by the companies operating in the Stem Cell Assay Market?
- What are the future prospects for the Stem Cell Assay Market industry in the coming years?
- Which trends are likely to contribute to the development rate of the Stem Cell Assay industry during the forecast period, 2019 to 2030?
- What are the future prospects of the Stem Cell Assay industry for the forecast period, 2019 to 2030?
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Stem Cell Assay Market Trends by 2030: Top Players Like Promega Corporation, Merck KGaA, GE Healthcare, Bio-Techne Corporation, Hemogenix, Thermo Fisher Scientific
The major factors driving the growth of the market includes increasing burden of chronic diseases, growing investment in R&D, and technological developments in biotech and pharmaceutical industry.