Transparency Market Research, in its report has stated that the global stem cells market will grow at a CAGR of 24.2% between the years 2012 and 2018.
Albany, NY -- (SBWIRE) -- 01/13/2015 -- In its market research report published recently, Transparency Market Research, a U.S.-based market intelligence firm states that the global stem cells market will report a CAGR of 24.2% from 2012 to 2018. The market is expected to rise to US$119.52 billion by 2019.
The report, titled 'Stem Cells Market (Adult, Human Embryonic , Induced Pluripotent, Rat-Neural, Umbilical Cord, Cell Production, Cell Acquisition, Expansion, Sub-Culture) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018,' is now available for sale on the company's website.
This market research report has given a comprehensive analysis of the global stem cells market which is predominantly driven by the support and financial aid being provided by governments all over the world for carrying out research and development activities in the area of stem cells. The global stem cells market is essentially fueled by greater therapeutic research activities taking place worldwide. This market research report has clearly explained the scope, the structure, and the dynamics of the global stem cells market. Stem cells refer to undifferentiated cells that have the capacity of differentiating into any other cell type of the human body. Thus, stem cells can produce cells which are non-regenerative in nature.
According to this TMR research report, the global stem cells market is segmented on the basis of the type of product, the technology, the application, and geography. The different types of stem cells products include induced pluripotent stem cells, human embryonic stem cells, rat neural stem cells, very small embryonic-like stem cells, and adult stem cells. On the basis of technology, the global stem cells market is segmented into stem cell acquisition, stem cell cryopreservation, stem cell production, and stem cells expansion and sub-culture. The application areas of stem cells include the areas of regenerative medicines, and drug discovery and development.
This market research report states that the largest share in the global stem cells market is held by the adult stem cells under the type of stem cell product segment. This can be attributed to the fact that the harvesting of adult stem cells is less tedious, and exhibits better acceptance by the human body. The adult stem cells segment is further classified into umbilical cord stem cells, hematopoietic stem cells, dental stem cells, mesenchymal stem cells, and neuronal stem cells. It is expected that the neuronal stem cells category will witness highest rate of growth in the forthcoming years due to the rising population of patients affected by neurodegenerative diseases, and higher demand for curative treatments for such anomalies. Under the stem cells product category, the highest growth will be witnessed by the induced pluripotent stem cells segment.
According to this research report, the global stem cells market is basically propelled by growing stem cell banking services, proliferation of medical tourism hubs, and intensive therapeutic research activities taking place all over the world. The stem cells markets in Asia and Latin America are driven by the greater number of medical tourism hubs emerging in countries like Malaysia, Mexico, India, Brazil, and China.
Some of the prominent players in the global stem cells market mentioned in this report are Stemcelltechnologies Inc., Osiris Therapeutics, Biotime Inc., Cytori Therapeutics Inc., Cellular Engineering Technologies, Cellartis AB, Celgene Corporation Inc., California Stem Cell Inc., Brainstorm Cell Therapeutics, Bioheart, Angel Biotechnology, and Advanced Cell Technology.
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