Global Stem Cell Assay Market is estimated to grow at an approximate CAGR of 19.80% from 2018 to 2023. Experts predicts that market will cross highest growth rate during forcasted period. Report is available with exclusive analysis with recent trends, industry size and share which is completely unique.
Segments for Global Stem Cell Assay Market
The Global Stem Cell Assay Market is segmented on the basis of product, technology, assay, application, and end-user.
On the basis of the product, the market is categorized into microelectrode arrays, flow cytometer, cell imaging systems, automated cell counter, kits, and others. The kits segment is sub-segmented into mesenchymal stem cell kits, induced pluripotent stem cell kits, umbilical cord stem cells, and others. On the basis of the technology, the market is segmented into microfabricated assisted technology microfluidics-based cell trap technologies, and others. On the basis of the assay, the market is segmented into cell viability & toxicity assays, cell identification assays, cell proliferation assays, cell apoptosis assays, and others. On the basis of the application, the market is segmented into the orthopedic & musculoskeletal spine, dermatology, cardiovascular, central nervous system, and others. On the basis of the end user, the market is segmented into biotechnology industries, research organizations, academic institutes, and others.
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Stem Cell Assay Market – Overview
Stem cells have a remarkable potential to develop into different types of cells and are involved in the internal repair system of the body. Stem cell assays are the techniques for analyzing the living cells on the parameters of shape, size, besides others with the aim to measure biochemical and cellular functioning of the cells.
Growing biotechnology sector and increasing Global burden of the diseases like cancer, diabetes, and others is the major driver for market growth during the forecast period. Additionally, growing healthcare expenditure and rising government support, boosts the market growth. However, stringent government policies, high procedural cost followed, and lack of awareness and skilled forces restrains the market growth during the projected period. Market for Global Stem Cell Assay is Estimated to grow at an Approximate cagr of 19.80% from 2017 to 2023.
Key Players for Global Stem Cell Assay Market
- GE Healthcare (U.K.),
- Promega Corporation (U.S.),
- Thermo Fisher Scientific (U.S.),
- Merck KGaA (Germany),
- Cell Biolabs, Inc. (U.S.),
- Hemogenix (U.S.),
- STEMCELL Technologies Inc. (CA),
- Bio-Rad Laboratories, Inc. (U.S.),
- Bio-Techne Corporation (U.S.), and
- Cellular Dynamics International Inc. (U.S.), and others.
Regional Analysis for Global Stem Cell Assay Market
The Americas dominate the global stem cell assay market owing to increasing adoption of new technologies and a huge patient population for diseases like diabetes, cancer, and others. Additionally, rising healthcare expenditure, the presence of developed economies like the U.S. and Canada within the region fuels the market growth.
The global stem cell assay market in Europe is the second largest owing to the growing biotechnology sector and huge patient population. Additionally, increasing support by the government for research and development boosts the market growth. The U.K stands as the fourth largest contributor to biotechnology research and development across the world.
Asia Pacific region is the fastest growing market for stem cell assay owing to increasing awareness and rising healthcare expenditures within the region. Moreover, the presence of the developing economies like India and China have a developing biotechnology sector which fuels the market growth. In 2017, Indian Brand Equity Foundation estimated that the Indian biotechnology sector held approximately 2% of the total global biotechnology share. India biotechnology industries comprised ~800 related companies and was valued to be approximately around USD 11.6 billion in 2017.
The Middle East & Africa has the least share in the global stem cell assay market due to low per capita healthcare expenditure, lack of awareness, stringent government policies, and presence of poor economies, especially within the in the African region. The Middle East holds a majority of the stem cell assay market in the Middle East & Africa region. A well-developed healthcare sector and huge healthcare expenditure by the presence of developed economies like Saudi Arabia, Kuwait, and Qatar within the region boosts the market growth of the region.
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