Global Stem Cell Assay Market: Overview
Stem cells are distinctive cells that can differentiate into any form of the cell of the body owing to its property of totipotency. Hence, they are a continuous resource of the specialized cells that built the organs and tissues. Thus, stem cells are of immense interest due to their ability to replace damaged or defective cells as a result of various injuries and disorders, leading to the establishment of new regenerative treatment options. They are also of great importance as a research model as the scientists can study the different functions if the various organs and also the cause of certain disease through its in-vitro study. Stem cells can also be used for drug developers, as they can test the new drug and therapies on the diseased cells.
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Global Stem Cell Assay Market: Growth Factors
The major factors boosting the growth of the global stem cell assay market include rising expenditure in research-related activities, advancement in technologies, and increased frequency of chronic diseases. However, the growth of the market can be hindered owing to the huge cost of stem cell-based therapies and strict regulatory recommendation.
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Global Stem Cell Assay Market: Segmentation
The global stem cell assay market may be segmented on the basis of kit, instrument, application, detection, end-user, type, and region. The kit segment of the global market is classified into human embryonic stem cell kits and adult stem cells kits. The adult stem cells kits segment is sub-segmented into induced pluripotent stem cell kits, umbilical cord stem cell kits, hematopoietic stem cell kits, mesenchymal stem cell kits, and neuronal stem cell kits. The instrument segment of the global stem cell assay market is diversified into automated cell counter, microelectrode arrays, flow cytometer, and cell imaging systems. The application segment of the global market is classified to drug discovery and development, clinical research, and regenerative medicine and therapy development. The regenerative medicine and therapy development segment are sub-segmented into cardiovascular, dermatology, oncology, orthopedic & musculoskeletal spine, diabetes, central nervous system, and others. The detection segment of the global market is divided into detection kits and instruments. The end-user segment of the global stem cell assay market is diversified into industry research and research institutes. The type segment of the global market is classified into isolation & purification, differentiation, cell identification, function, proliferation, apoptosis, and viability/cytotoxicity.
Global Stem Cell Assay Market: Regional Analysis
North America is anticipated to be the dominant region in the global stem cell assay market owing to the rise in the number of patients, increasing prevalence & incidence of chronic diseases, and the government taking initiative for stem cell-based research.
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Global Stem Cell Assay Market: Competitive Players
The key players in the global stem cell assay market include Thermo Fisher Scientific Inc., GE Healthcare, Cell Biolabs, Promega Corporation, Inc., Hemogenix Inc., Merck KGaA, and STEMCELL Technologies Inc. The other key players in the global market include Bio-Rad Laboratories, Inc., Cellular Dynamics International, Inc., Bio-Techne Corporation, Hemogenix Inc., and R&D Systems.
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