Stem cells are controversial but also quite significant and over the period stated 2019 to 2029 will see an impressive growth in demand. Not only will this help the market accrue a significant worth but also generate a bevy of myriad opportunities for market players to dabble with. The opportunities if successfully tapped would help the players carve off a larger slice of the overall growth pie.
The reasons underlying growth of global induced pluripotent stem cells market over the forecast period include significant attention directed in the area by the community of scientists, and increase in research and development activities. Besides, it is worth mentioning that regenerative medicine is witnessed massive success on the back of stem cell-based therapy.
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Another factor that is opening new avenues of growth for global induced pluripotent stem cells market over the forecast period is the advancement in use of lentivirus and retrovirus. The two are used as transcription factors. Additionally, decreasing clinical reference between iPSCs and ESCs is gaining a sharper focus and this would create new opportunities for pharmaceutical biotechnology industries.
Region-wise, from 2019 to 2029, North America would witness tremendous funding into research in the said domain. Besides, presence of strong regional players and continuous efforts directed by them towards improvement will pay off, adding to the growth curve of global induced pluripotent stem cells market in a big way.
However, there is another region that will receive abundant attention by market players, credit the promise of growth and generation of novel opportunities. The growth would be attributable to an increase in programs related to stem cell-based therapy.
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Some of the major players that occupy the global induced pluripotent stem cells market are 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. and Organogenesis Inc., among others.