The global stem cell assay market is expected to reach USD 1,363.3 Million by 2021 from USD 536.6 Million in 2016, at a CAGR of 20.5% from 2016 to 2021.
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Browse 73 market data Tables and 93 Figures spread through 182 Pages and in-depth TOC on "Stem Cell Assay Market “
Market growth can be attributed to the high prevalence of chronic diseases, increasing investment in research related activities, and technological advancements. However, stringent regulatory policies and high cost of stem cell based therapies are major factors restraining the growth of this market.
In this report, the global stem cell assay market has been segmented based on type of assay, by kits, by detection, by instruments, by application, end-user, and region.
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On the basis of type, the market has been segmented into viability/cytotoxicity, isolation & purification, cell identification, proliferation, differentiation, function and apoptosis. The viability/cytotoxicity segment is expected to account for the largest share of the market in 2016.
The high growth in this segment is primarily attributed to the increasing focus of the pharmaceutical industries on drug screening which resulted in the increasing the demand for stem cell assays.
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Based on kits, the stem cell assay market has been segmented into adult stem cell kits and human embryonic stem cell kits. The adult stem cell kits are further segmented into mesenchymal stem cell kits, induced pluripotent stem cell kits (IPSCs), hematopoietic stem cell kits, umbilical cord stem cell kits and neuronal stem cell kits.
The adult stem cell kits segment is projected to witness the highest CAGR from 2016 to 2021. The high growth in this segment can be primarily attributed to the effectiveness of this type of kits in cell analysis.
Based on application, the global stem cell assay market is segmented into regenerative medicine & therapy development, drug discovery and development and clinical research. The regenerative medicine & therapy development segment is further segmented into orthopedic & musculoskeletal, spine, cardiovascular, oncology, central nervous system, dermatology, diabetes and others.
The regenerative medicine & therapy development segment is projected to witness the highest growth rate during the forecast period due to the increase in incidences of chronic diseases which further leads to the increased demand for regenerative medicines.
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Geographically, the stem cell assay market is dominated by North America, followed by Europe, the Asia-Pacific region, and the Rest of the World (RoW). Growth in the North American region is primarily driven by the increasing incidence and prevalence of chronic diseases and increasing patient pool in North American countries.
The major players in the global stem cell assay market are GE Healthcare (U.K.), Promega Corporation (U.S.), Thermo Fisher Scientific Inc. (U.S.), Merck KGaA (Germany), Cell Biolabs, Inc.
(U.S.), Hemogenix Inc. (U.S.), STEMCELL Technologies Inc. (CA), Bio-Rad Laboratories, Inc (U.S.), Bio-Techne Corporation (U.S.), and Cellular Dynamics International, Inc.
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