The global stem cells research market is projected to reach about US$180 billion by the year 2020. This dynamic market has picked up pace like never before.
Growth of stem cells market worldwide is basically driven by the potential of stem cells for the various diseases.”
HYDERABAD, TELANGANA, INDIA, March 2, 2017 /EINPresswire.com/ -- RI Technologies' (www.researchimpact.com) market research report on Stem Cells is an innovative and empowering guide to the ever progressing and debatable market of Stem Cells Research.
— Anasuya Vemuri
The market for Stem Cells is segmented by type, technology and therapeutic area. Stem Cells by Type are further classified into Adult Stem Cells, Cord Blood Stem Cells, Embryonic Stem Cells and Other. Stem Cells Research by Technology is segmented into Stem Cells Transplantation, CB Genomics, Xenotransplantation, Cord Blood Banking and Other. The Therapeutic applications of Stem Cells Research are analyzed by area into Neurology, Orthopedics, Oncology, Hematology, Cardiology, Dermatology, Diabetes, Hepatology and Other. Projections and estimates are graphically illustrated by geographic regions encompassing North America, Europe, Asia-Pacific, and Rest of World. Business profiles of 61 major companies are discussed in the report. The report serves as a guide to global Stem Cells Market size covering more 1000 companies that are engaged in stem cells R&D, storage, banking, discovery, testing and supply of products and services. The report also gives a comprehensive global list of 200+ cord blood/stem cell banks. Major Contract Research Organizations and Universities serving the industry are also covered in the Corporate Directory section of this report. Information related to recent product releases, product developments, partnerships, collaborations, mergers and acquisitions, ethical issues, regulatory affairs, and other areas of concern is also covered in the report. Compilation of Worldwide Patents and Research related to Stem Cells Research Market is also provided.
Growth of stem cells market worldwide is basically driven by the potential of stem cells for the various diseases. Stem Cells technology is being increasing applied for the past decade to treat critical diseases and presently utilized for treatment of more than 70 diseases. Utility of stem cells in cosmetic and post injury healing therapy was also established recently. Umbilical cord is an abundant source of stem cells and the best advantage of this source is that it is a non-invasive procedure as cord blood and cord tissue are utilized to derive stem cells.
Stem cells research has time and again proved its enormous potential for both scientific learning and novel therapeutics. Several clinical applications are underway for many of the biological systems. Stem cells therapy is now become routine in leukemia; while stem cells trials are underway for conditions such as skin transplantation for burn victims; and in other diseases such as inflammatory bowel disease, the stem cells therapies are still in nascent stages. Technical challenges loom large over nearly every step of stem cells therapeutics: stem cells acquisition, manipulation, prevention of tumorigenesis, purification, transplantation and prevention of rejection. The non-technical challenges for development of stem cells research include – research ethics, cultural barriers, legal barriers, political barriers, patents, and insurance and health costs. Apart from the several medical conditions in which stem cells research can be put to use, the other areas include toxicology, pharmacology, agricultural research, and aging research, etc. Countries are competing globally for getting an edge in stem cells research as breakthrough technologies in this field would herald the country’s medical expertise and dominance. Research and laboratory technologies are also progressing rapidly. The potential of stem cells research – both medically and economically, is leading to huge investments by biotechnology companies, pharmaceutical companies and governments too.
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Anasuya Vemuri
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