Global Stem Cell Assay Market Buoyed by Uptake of Stem Cell Therapy

San Francisco, California, Nov 02, 2018: A report by TMR Research, titled, “Stem Cell Assay Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025,” begins by providing a basic definition of the process. It states that stem cell assay refers to the process of gauging the potency of antineoplastic drugs. It primarily comprises of quantitative and qualitative testing or analysis of the tumors or tissues that have been affected. It helps to gauge the impurity, toxicity, and other aspects of the market.

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With the surging cases of successful stem cell therapy treatment, the report predicts the global stem cell assay market to rise further in the near term. Numerous health conditions ranging from stroke, diabetes, retinal disease, cancer, Parkinson’s and neurological diseases can be treated accurately with stem cell assay. Apart from that, continued thrust on research and development in the area is also boding well for the market. For example, a group of scientists have tried to manipulate stem cells to cure kidney, eye, and heart injuries.

A noticeable trend in the global stem cell assay market is the creation of more cutting-edge stem cell therapies. With respect to geography, the report finds that the global stem cell assay market is being mainly led by North America and Europe. This is because of the rising cases of chronic ailments in the two regions resulting mainly from the unhealthy eating habits and lifestyle of people. Apart from that, a well-developed healthcare setup and state-of-the-art research and development centers too are having a positive impact on the stem cell assay market in the region. Going forward however, the market growth would be maximum in Asia Pacific owing to its large population and strengthening healthcare infrastructure.

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Key players in the global stem cell assay market that have been profiled in the report include Bio-Rad Laboratories, Inc., Thermo Fisher Scientific Inc., GE Healthcare, Hemogenix Inc., and Promega Corporation.

Stem Cell Assay Market – Multi-billion dollar Industry of 2025

Stem Cell Assay Market: Snapshot

Stem cell assay refers to the procedure of measuring the potency of antineoplastic drugs, on the basis of their capability of retarding the growth of human tumor cells. The assay consists of qualitative or quantitative analysis or testing of affected tissues and tumors, wherein their toxicity, impurity, and other aspects are studied.

With the growing number of successful stem cell therapy treatment cases, the global market for stem cell assays will gain substantial momentum. A number of research and development projects are lending a hand to the growth of the market. For instance, the University of Washington’s Institute for Stem Cell and Regenerative Medicine (ISCRM) has attempted to manipulate stem cells to heal eye, kidney, and heart injuries. A number of diseases such as Alzheimer’s, spinal cord injury, Parkinson’s, diabetes, stroke, retinal disease, cancer, rheumatoid arthritis, and neurological diseases can be successfully treated via stem cell therapy. Therefore, stem cell assays will exhibit growing demand.

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Another key development in the stem cell assay market is the development of innovative stem cell therapies. In April 2017, for instance, the first participant in an innovative clinical trial at the University of Wisconsin School of Medicine and Public Health was successfully treated with stem cell therapy. CardiAMP, the investigational therapy, has been designed to direct a large dose of the patient’s own bone-marrow cells to the point of cardiac injury, stimulating the natural healing response of the body.

Newer areas of application in medicine are being explored constantly. Consequently, stem cell assays are likely to play a key role in the formulation of treatments of a number of diseases.

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Global Stem Cell Assay Market: Overview

The increasing investment in research and development of novel therapeutics owing to the rising incidence of chronic diseases has led to immense growth in the global stem cell assay market. In the next couple of years, the market is expected to spawn into a multi-billion dollar industry as healthcare sector and governments around the world increase their research spending.

The report analyzes the prevalent opportunities for the market’s growth and those that companies should capitalize in the near future to strengthen their position in the market. It presents insights into the growth drivers and lists down the major restraints. Additionally, the report gauges the effect of Porter’s five forces on the overall stem cell assay market.

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Global Stem Cell Assay Market: Key Market Segments

For the purpose of the study, the report segments the global stem cell assay market based on various parameters. For instance, in terms of assay type, the market can be segmented into isolation and purification, viability, cell identification, differentiation, proliferation, apoptosis, and function. By kit, the market can be bifurcated into human embryonic stem cell kits and adult stem cell kits. Based on instruments, flow cytometer, cell imaging systems, automated cell counter, and micro electrode arrays could be the key market segments.

In terms of application, the market can be segmented into drug discovery and development, clinical research, and regenerative medicine and therapy. The growth witnessed across the aforementioned application segments will be influenced by the increasing incidence of chronic ailments which will translate into the rising demand for regenerative medicines. Finally, based on end users, research institutes and industry research constitute the key market segments.

The report includes a detailed assessment of the various factors influencing the market’s expansion across its key segments. The ones holding the most lucrative prospects are analyzed, and the factors restraining its trajectory across key segments are also discussed at length.

Global Stem Cell Assay Market: Regional Analysis

Regionally, the market is expected to witness heightened demand in the developed countries across Europe and North America. The increasing incidence of chronic ailments and the subsequently expanding patient population are the chief drivers of the stem cell assay market in North America. Besides this, the market is also expected to witness lucrative opportunities in Asia Pacific and Rest of the World.

Global Stem Cell Assay Market: Vendor Landscape

A major inclusion in the report is the detailed assessment of the market’s vendor landscape. For the purpose of the study the report therefore profiles some of the leading players having influence on the overall market dynamics. It also conducts SWOT analysis to study the strengths and weaknesses of the companies profiled and identify threats and opportunities that these enterprises are forecast to witness over the course of the report’s forecast period.

Some of the most prominent enterprises operating in the global stem cell assay market are Bio-Rad Laboratories, Inc (U.S.), Thermo Fisher Scientific Inc. (U.S.), GE Healthcare (U.K.), Hemogenix Inc. (U.S.), Promega Corporation (U.S.), Bio-Techne Corporation (U.S.), Merck KGaA (Germany), STEMCELL Technologies Inc. (CA), Cell Biolabs, Inc. (U.S.), and Cellular Dynamics International, Inc. (U.S.).

Stem Cell Assay Market Driven by Rising Diversity of Applications

San Francisco, California, July 03, 2017: TMR Research announces a new report on the global stem cell assay market. The report examines the historical growth trajectory exhibited by the global stem cell assay market and its latest figures, and further provides reliable forecasts for the stem cell assay market based on complete analysis of the market’s database. The report also takes a close look at the regional and competitive dynamics of the global stem cell assay market in order to shed light on the dynamics of the global market more clearly. The report is titled ‘Stem Cell Assay Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.’

Testing antineoplastic drugs in order to check their potency in cancer treatment has emerged as a major application for the global stem cell assay market. The testing covers impurity, toxicity, and other aspects of the tumors and provides a qualitative and quantitative analysis of various aspects of the tumor. The comprehensive figures provided by stem cell assays has driven the demand from the global stem cell assay market.

The growing diversity of applications of stem cell assays is likely to be a major driver for the global stem cell assay market. Pluripotent stem cells have been used in the treatment of several diseases so far and are likely to remain a key part of the healthcare sector in the coming years due to their intrinsic potential to transform into a wide variety of cells in the human body. This makes them a highly promising research avenue in the treatment of diverse conditions such as Alzheimer’s, Parkinson’s, diabetes, rheumatoid arthritis, and retinal diseases, apart from cancer. The growing prevalence of neurological and neurodegenerative conditions, particularly among the growing geriatric demographic in developed countries, is thus likely to be a major driver for the global stem cell assay market.

Steady research and development in the medical sector is likely to remain a key driver for the global stem cell assay market, as the diversity of application of stem cells is purely potential until applied to specific avenues. Growing government support to the medical sector is likely to help the global stem cell assay market in this regard, as significant investment is required to carry out advanced medical research.

Regionally, North America and Europe are likely to remain the leading contributors to the global stem cell assay market due to the presence of a stable healthcare sector in developed countries in the region. The ready incorporation of technological advancements such as stem cell assays in the day to day functioning of the healthcare sector is the key driver for the stem cell assay market in developed countries such as the U.S., Canada, the U.K., Germany, and France.

The report also profiles leading players in the global stem cell assay market in order to shed light on the competitive dynamics of the market. Stem cell assay market leaders examined in the report include Thermo Fisher Scientific Inc., GE Healthcare, STEMCELL Technologies Inc., Bio-Rad Laboratories Inc., Hemogenix Inc., Cell Biolabs Inc., and Promega Corporation.