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 MarketBy 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.
Browse XX market data Tables and XX Figures spread throughXXX Pages and an in-depth TOC on“India Stem Cell Market”
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.
Customers can also request for 10% free customization on
“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 MarketBy 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.