Global Stem Cell Assay market trends 2024, Forecast To 2033

12 Feb, 2024

The stem cell assay market has experienced exponential growth, surging from $1.94 billion in 2023 to $2.35 billion in 2024, reflecting a compound annual growth rate (CAGR) of 21.2%. This growth in the historical period can be attributed to advancements in biotechnology, the focus on drug discovery and development, research in regenerative medicine, disease modeling, and significant investments from both public and private sectors. Looking ahead to 2028, the market is poised for exponential growth, projecting a size of $5.16 billion at a CAGR of 21.7%. The forecasted growth is attributed to the increasing applications in personalized medicine and cell therapy, advancements in organoid and tissue engineering, the integration of artificial intelligence (AI) and machine learning, the emergence of new technologies, and ongoing considerations related to regulatory and ethical aspects. Key trends in this forecasted period include the adoption of 3D cell culture models, high-throughput screening, personalized medicine approaches, the utilization of CRISPR-Cas9 and genome editing, and a focus on drug safety and toxicity testing.

Global Stem Cell Assay Market Key Driver

The stem cell assay market is expected to grow, propelled by the high prevalence of chronic diseases. Stem cells show potential in treating various chronic diseases, addressing the rising health challenges. The Australian Bureau of Statistics reports that in 2021, nearly 46.6% of Australians had one or more chronic diseases. The increase in chronic diseases contributes to the growth of the stem cell assay market.

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Global Stem Cell Assay Market Segments

The global stem cell assay market covered in this report is segmented –
1) By Type: Cell Viability And Toxicity Assays, Cell Apoptosis Assays, Cell Function Assays, Cell Identification Assays, Isolation And Purification Assays, Cell Differentiation Assay, Other Types
2) By Product: Instruments, Detection kit
3) By Application: Regenerative Medicine And Therapy Development, Drug Discovery And Development, Clinical Research
4) By End User: Government Research Institutes, Private Research Institutes, Industry Research
By Geography: The regions covered in the Stem Cell Assay market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. North Americawas the largest region in the stem cell assay market share in 2023. Asia-Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the stem cell assay market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major Stem Cell Assay Industry Players

Thermo Fisher Scientific Inc., Merck KGaA, Danaher Corporation, Becton Dickinson and Company, Bio-Rad Laboratories Inc., PerkinElmer Inc., Agilent Technologies Inc., Promega Corporation, Cell Biolabs Inc., Miltenyi Biotec GmbH, STEMCELL Technologies Inc., Bio-Techne Corporation, Charles River Laboratories International Inc., Hemogenix Inc., Lonza Group AG, Takara Bio Inc., Creative Bioarray, AAT Bioquest Inc., BPS Bioscience Inc., Enzo Life Sciences Inc., PromoCell GmbH, Biotium Inc., Geno Technology Inc., Abcam plc, ReachBio Research Labs. Inc., Sartorius AG, Eppendorf AG, Corning Incorporated, Smith & Nephew plc, MEDIPOST Co. Ltd., Anterogen Co. Ltd., Corestemchemon Inc., Pharmicell Inc., NuVasive Inc., RTI Surgical Holdings Inc., AlloSource LifeSource Services Inc., JCR Pharmaceuticals Co. Ltd.

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Stem Cell Assay Market Overview

Stem cells refer to cells which have the rare capacity to renew themselves and develop into specialized cell types. They act like the building blocks of all living things. Stem cell assay is developed for studying human stem cell growth to analyze the biological activities of stem cells in a controlled environment.

Stem Cell Assay Global Market Report 2023 provides data on the global stem cell assay market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The stem cell assay market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.