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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Asia Pacific Stem Cell Assay Market Analysis
Stem cell assays are widely utilized to assess the characteristics, behavior, and properties of stem cells. They enable the researchers to study various aspects of stem cell biology, such as proliferation, differentiation, and viability. Several countries in the Asia Pacific region are actively engaged in clinical studies to evaluate the efficacy and safety of stem cell therapies. This rapid expansion of clinical research directly impacts the demand for this laboratory technique to validate certain attributes of therapeutic stem cell products and thus, significantly contributes to the Asia Pacific stem cell assay market growth.
In Asia Pacific, the prevalence of chronic diseases like cancer, diabetes, and cardiovascular disorders is witnessing a sharp increase. In February 2023 , a study published in the Journal of the American Medical Directors Association revealed that chronic diseases are highly prevalent in China among older adults, with the data reporting the national prevalence of any chronic disease to be 81.1% in people aged 60 and older. The prevalence rate peaked at 80 to 84 years old, indicating about 87.2% of individuals affected by some chronic health condition. Since stem cell research has the potential to develop novel treatments, the demand for stem cell assays to evaluate drug properties is likely to rise with the growing chronic disease burden and aging population in the region.
One of the major Asia Pacific stem cell assay market trends is the rising investment in stem cell manufacturing facilities from both private as well as public sectors. In May 2023 , StemCures, a stem cell treatment provider based in the United States announced an investment amounting to USD 54 million in setting up India’s largest stem cell manufacturing lab in Telangana (a southern state). Leveraging the latest technology and expertise, the proposed lab aims to develop high-quality and affordable stem cell products for the treatment of various medical conditions. Such substantial investment in stem cell facilities to boost research efforts and stimulate innovation in the stem cell field is expected to elevate the market value.
The growing demand for regenerative medicine, including stem cell therapies, is also influencing the market dynamics. Further, the rise in strategic collaborations among academic institutions, research organizations, and pharmaceutical companies to translate stem cell research into clinical applications is bolstering the demand for stem assays, thereby supporting market growth.
Asia Pacfic Stem Cell Assay Market Report Snapshots
Asia Pacfic Stem Cell Assay Market Size
Asia Pacfic Stem Cell Assay Market Analysis
Asia Pacfic Stem Cell Assay Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The Asia Pacific stem cell assay market is expected to be driven by the rising demand for the global market, which is anticipated to grow at a CAGR of 13.18% during the forecast period of 2024-2032 and is likely to reach a market value of USD 19.4 billion by 2032.
The rising emphasis on stem cell research and the increasing prevalence of chronic diseases are fuelling the demand for the market.
One of the significant trends in the market is the rising investment in stem cell manufacturing facilities from both private and public sectors. In May 2023 , StemCures announced an investment amounting to USD 54 million in setting up India’s largest stem cell manufacturing lab in Telangana.
The market breakup by cell type includes adult stem cells, human embryonic stem cells, and pluripotent.
By type, the market is divided into viability/cytotoxicity assays, isolation and purification assays, cell identification assays, proliferation assays, differentiation assays, function assays, and apoptosis assays, among others.
Based on the product and services, the market is segmented into flow cytometers, cell imaging & analysis systems, microelectrode arrays, automated cell counters, and kits.
Treatments available in the market include allogeneic stem cell therapy, autologous stem cell therapy, and syngeneic stem cell therapy.
Major application areas include regenerative medicine and therapy development, drug discovery and development, along with clinical research, among others.
End users of the market are biopharmaceutical and biotechnology companies, academic and research institutes, among others.
The market segmentation by countries includes China, Japan, India, ASEAN, and Australia, among others.
The key players in the market are Thermo Fisher Scientific, PerkinElmer, Stemcell Technologies, Merck, Bio-Rad Laboratories, Agilent Technologies, Promega, Bio-Techne, and Cell Biolabs.
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