A stem cell can be described as an unspecialized cell capable of perpetuating itself through cell division and having the potential to give rise to differentiated cells with specialized functions. That means on special requirements and under specific lab conditions these cells can be further induced to work on becoming either tissue specific or organ-specific cell divisions. Stem cell analysis involves the technique of analyzing live cells according to various parameters such as shape, size, and others. They are also helpful in measuring cell proliferation, motility, and toxicity.
In March 2018, The Shruti Naik lab at the Rockefeller University Howard Hughes Institute demonstrated close interrelationship between immune cells and stem cells. Stem cells store memories of prior activation by stress through specific epigenetic modifications that activate specific genes within stem cells.
Stem Cell Assay Market was worth USD 782.07 Million in 2018 and is estimated to be growing at a CAGR of 20.2%, to reach USD 1962.31 Million by 2023. Increased approval of clinical trials in stem cell therapy, the high prevalence of chronic diseases, increased stem cell research, and advances in stem cell analysis technology facilitate the growth of the stem cell market. The lack of infrastructure in developing countries and the high cost of products are some of the factors hindering the market for stem cell measurements.
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Based on Product type:
- Human embryonic stem cell kits
- Induced pluripotent stem cells kits
- Hematopoietic stem cell kits
- Mesenchymal stem cell kits
- Umbilical cord stem cell kits
Based on Assay type:
- Cytotoxicity assay
- Cell identification assay
- Proliferation assay
- Differentiation assay
- Apoptosis assay
- Isolation & purification assay
- Functional assay
Based on Application:
- Drug discovery & development
- Regenerative medicine & therapy development
- Clinical research
Based on End-user:
- Government research institutes
- Private research institutes
- Industry research
Based on the region, the global stem cell assay market is categorized into North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. North America holds the largest market share due to the increasing aging population and chronic diseases. The fact that there’s an increase in the funding rate by the government for extensive research, initiatives etc. are also making the presence of North America strong globally. Asia-Pacific is the fastest growing market for stem cell assays due to the increasing adoption of stem cell-based therapies in this region and is expected to overtake the Europe market in the coming future.
KEY MARKET PLAYERS:
- Bio-Techne Corporation
- Thermo Fisher Scientific Inc.
- Merck KGaA
- STEMCELL Technologies Inc.
- Promega Corporation
- GE Healthcare
- Bio-Rad Laboratories Inc.
- Cellular Dynamics International Inc.
- Cell Bio labs Inc.
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