Induced Pluripotent Stem Cells Market is anticipated to grow at a CAGR of 7.32% from 2022 to 2028

Global Induced Pluripotent Stem Cells Market research report provides comprehensive information on the market. It also includes in-depth information about Market #Drivers, Opportunities, Market Restraints, Market Growth #Challenges and Cumulative #Growth Analysis. Moreover, the report also provides an in-depth analysis of the Induced Pluripotent Stem Cells Market by identifying key players. The report also examines the #competitive landscape of the Induced Pluripotent Stem Cells Market industry and analyses its impact on the growth of this market over the next few years. The segmental analysis focuses on revenue and forecast for the period 2019-2028.

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Axiom Market Research & Consulting™ added a report on Global Induced Pluripotent Stem Cells Market which includes study on derived cell type, product, process, application, end user, and geography. The Global Induced Pluripotent Stem Cells Market was projected to grow at a CAGR of 7.32% for the forecast period 2022 to 2028. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the Global Induced Pluripotent Stem Cells Market.

Induced Pluripotent Stem Cells Market are derived from skin or blood cells that have been reprogrammed back into an embryonic-like pluripotent state that enables the development of an unlimited source of any type of human cell needed for therapeutic purposes. For example, iPSC can be prodded into becoming beta islet cells to treat diabetes, blood cells to create new blood free of cancer cells for a leukemia patient, or neurons to treat neurological disorders.

MARKET DRIVERS

The factors such as growing investment in basic level research, especially by research organizations and academic institutes in the last few years has led to an increased understanding of the fundamental pathways through which induced pluripotent stem cells market implicated in disease development are either up or down-regulated. This leads to more questions about how biology works, the cause of the diseases and potential diagnoses and treatments. Induced pluripotent stem cells display a particular gene expression signature that is similar to that of embryonic stem cells (ESCs) and exhibit both pluripotency and the capacity of self-renewal.

In the recent years, the complexity of products requested by researchers has grown and this suggests improvement in understanding of the basic pathways and discovery of some new pathways. It is important for manufacturers of research products to keep up with the latest developments to cater to the ever-changing requirements of the life sciences industry.

MARKET OPPORTUNITY

Despite the presence of several large-scale players as well as multiple regional companies in the global iPS cell market, there are very limited companies that have a complete focus on being a provider of life science reagents and products. Different manufacturers have different product offerings and specializations, with most large companies combining research products and reagents with equipment and in-vitro diagnostics tools. Having a sole focus on this market ensures better quality of products, customer loyalty and an established distribution network that can increase the availability of the product across the globe.

The spending by companies on the research and development pertaining to life sciences is expected to provide lucrative prospects for growth. Companies investing in providing tools and products to cater to the research requirements of several healthcare providers and research institutes can expect to see stable returns.

MARKET RESTRAINTS

The major disadvantage associated with autologous stem cell transplants in cancer therapy is that cancer cells sometimes also get collected, along with stem cells, which may further put it back into the body during the therapy. These factors collectively likely to restrain the market growth during the forecast period.

MARKET SEGMENTAL OVERVIEW

The global induced pluripotent stem cells market comprises of different market segment like derived Cell Type, Product, Processes, Application, End User and Geography.

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INDUCED PLURIPOTENT STEM CELLS MARKET BY DERIVED CELL TYPES

• Hepatocytes
• Fibroblasts
• Keratinocytes
• Amniotic Cells

INDUCED PLURIPOTENT STEM CELLS MARKET BY PRODUCT

• Instruments/Devices
• Automated Platforms
• Consumables And Kits And Services

INDUCED PLURIPOTENT STEM CELLS MARKET BY PROCESSES

• Manual
• Automated

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INDUCED PLURIPOTENT STEM CELLS MARKET BY APPLICATION

• Drug Development And Discovery
• Toxicity Screening
• Regenerative Medicines

INDUCED PLURIPOTENT STEM CELLS MARKET BY END USER

• Hospitals
• Research Laboratories
• Academic Research

INDUCED PLURIPOTENT STEM CELLS MARKET BY GEOGRAPHY

• North America
• Europe
• Asia Pacific
• rest of the world

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MARKET KEY PLAYERS

• Fujifilm Holding Corporation
• Astellas Pharma Inc.
• Fate Therapeutics, Inc.
• Bristol-Myers Squibb Company
• ViaCyte, Inc.
• Celgene Corporation
• Aastrom Biosciences, Inc.
• Acelity Holdings, Inc.
• StemCells, Inc.
• Japan Tissue Engineering Co. Ltd.
• Organogenesis Inc.

RECENT DEVELOPMENT:

June 2021: Thermo Fisher Scientific Inc. announced that it has won six awards in the annual CMO Leadership Awards. The awards, presented by Life Science Leader and Outsourced Pharma, recognize top contract manufacturing partners as evaluated by biopharma and biotech companies. It is estimated that this recognition anticipated to strengthen company footprints in global market and leading to upsurge company growth in the upcoming years.

June 2020: The LumaCyte collaborated with Catalent who are the global provider of advanced delivery technologies, development, and manufacturing solutions for drugs, biologics, cell and gene therapies, and consumer health products. This collaboration aided in expanding the company stem cell technology product Radiance and its application.