(PharmaNewsWire.Com, December 01, 2017 ) According to the report Stem Cell, published by Market Data Forecast, the Asia Pacific market is projected to reach USD 7.15 billion by 2022, at a CAGR of 15.5% from 2017 to 2022.
Regenerative medicine is very important branch of stem cells Market, while the other important areas include orthopaedics, haematology, cardiology, oncology and neurology. Stem cells can be described as a kind of research tool, since their in-vitro analysis will allow scientists to understand in-depth of the functioning of several organs and the growth of particular illnesses, stem cells can also likely allow drug developers to test developing therapies on cells which are diseased. Stem cells therapy has showed great results in treating cancer successfully.
Stem Cell market in this region is driven by factors like better funding from several organizations for R&D for medical needs which are unmet, rising industry attention on stem cell research and increasing awareness around the world regarding stem cell therapies among others. However, the market is constrained due to factors such as ethical issues that are involved in the stem cells research and stringent regulations in conducting trials on humans among others.
Factors like rising industry attention on stem cell research and increasing awareness about stem cell research are affecting the growth of this market positively. However, other factors such as ethical issues that are involved in the stem cells research and stringent regulations in conducting trials on humans are restraining the growth of this market. In this market, adult stem cells have the largest market, while induced pluripotent stem cells is expected to grow at the fastest rate. Asia Pacific region is expected to grow at the fastest rate in the world.
Asia Pacific Stem Cell: Key Players
Some of the major companies dominating Asia Pacific Stem Cell Market are Geron Corporation, Celgene Corporation, Athersys, StemCells Inc., Mesoblast Ltd., Aastrom Biosciences Inc., Cryo Cell International, Invitrogen and Cytori Therapeutics Inc. among others.
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