India Stem Cell Market to Witness Significant Growth Until 2019

Growing industry attention on stem cell research and surging demand for regenerative medicines to drive the growth of India stem cell market

According to TechSci Research report, “India Stem Cell Market By Product Type (Adult; Induced Pluripotent; Human Embryonic; Others), By Application (Regenerative Medicine Vs. Drug Discovery & Development), By Technology (Cell Acquisition; Cell Production; Cryopreservation; Expansion & Subculture), By Region, Forecast & Opportunities, 2025”, the India stem cell market is expected to grow at a formidable rate during the forecast period on account of increase in stem cell-based research. In addition to this, partnerships in order to reprogram newborn stem cells using umbilical cord blood as well as tissues into iPSCs is further creating lucrative growth opportunities for the key market players. Moreover, surging demand for the development of vaccines using different human diploid and non-tumorigenic cell lines for protecting against various diseases is expected to create headway for the growth of stem cell market in the country over the coming years. Furthermore, huge success of regenerative medicine is anticipated in giving healthy push to the market growth until 2025. Also, improvement in banking facilities coupled with the enhancement of stem cell production, storage, and characterization are some other factors that are expected to lead to revenue generation in the market in the years to come. However, ethical issues associated with pluripotent stem cells might act as a major impediment to the growth of India stems cells market through 2025.

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The India stem cell market is segmented based on product type, application, technology, company and region. Based on application, the market can be categorized into regenerative medicine and drug discovery & development. Among them, the regenerative medicine segment dominated the market in terms of highest revenue until 2019 and is estimated to grow at the highest CAGR during the forecast period as well. This growth can be attributed to the escalating adoption and continuing development of companion diagnostics and personalized medicine to be used in oncology and other chronic infections. Drug discovery & development segment is anticipated to record high growth during the next 5 years on account of ease of programming for developing the cells of the heart, liver and other human organs to make drug testing process accurate and less expensive.

Reliance Life Sciences, LifeCell International Private Limited, Cryobanks International India Private Limited, Cordlife India, StemCyte India Therapeutics Private Limited, ReeLabs Private Limited, Stempeutics Research Private Limited and others are some of the leading players operating in India stem cell market. These market players are focusing more on strategic partnership in order to expand their geographic reach. For instance, in June 2019, Evotec SE collaborated with Celgene to include a new iPSC which is targeted toward discovering disease-modifying treatments. This will help to patients who are suffering from neurodegenerative diseases.

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“India stem cell market is expected to witness significant growth during the forecast period which is accredited to effectiveness of stem cell therapy products. Moreover, rising awareness regarding stem cell therapies is propelling the growth of the India stem cell market.  In terms of technology, the market is segregated into cell acquisition, cell production, cryopreservation and expansion & subculture. Out of which, cell acquisition technology is forecast to dominate the market until 2025 owing to the growth in cell harvesting technoogies.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Stem Cell Market By Market By Product Type (Adult; Induced Pluripotent; Human Embryonic; Others), By Application (Regenerative Medicine Vs. Drug Discovery & Development), By Technology (Cell Acquisition; Cell Production; Cryopreservation; Expansion & Subculture), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of India stem cell market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India stem cell market.

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