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Report Overview
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Middle East and Africa Stem Cell Assay Market Size
The global stem cell assay market was valued at USD 6.4 billion in 2023, with the Middle East and Africa holding a significant market share. The market is driven by the rising demand for regenerative medicine. It is expected to grow at a CAGR of 13.18% during the forecast period of 2024-2032, with the values likely to attain USD 19.4 billion by 2032.
Middle East and Africa Stem Cell Assay Market Outlook
- In sub-Saharan Africa , disease burden and mortality from chronic non-communicable diseases have reached an epidemic threshold, which calls for the urgent need for innovative treatment options such as stem cell therapies. Thus, this growing chronic disease burden is likely to fuel the market demand.
- The increasing investment in the establishment and infrastructure development of stem cell facilities is poised to boost the Middle East and Africa stem cell assay market share. For instance, in 2023, the Dubai Healthcare City (DHCC) opened the first-ever good manufacturing practice (GMP), a cleanroom-graded facility in the United Arab Emirates, equipped with the ability to duplicate and manufacture stem cells.
- The market share is also influenced by the rising demand for regenerative medicine and precision treatments along with the growing adoption of technologically advanced stem cell assays and techniques.
Middle East and Africa Stem Cell Assay Market Report Snapshots
Middle East and Africa Stem Cell Assay Market Size
Middle East and Africa Stem Cell Assay Market Analysis
Middle East and Africa 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 Middle East and Africa 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 2025-2034 and is likely to reach a market value of USD 19.4 billion by 2034.
The rising prevalence of chronic diseases and the growing impetus on stem cell research are fuelling the demand for the market.
One of the significant trends is the rising investments in the advancement of stem cell facilities. For instance, in 2023, the Dubai Healthcare City (DHCC) opened the first-ever good manufacturing practice (GMP), a cleanroom-graded facility in the United Arab Emirates, equipped with the ability to duplicate and manufacture stem cells.
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 and 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 applications of stem cell assay include regenerative medicine and therapy development, drug discovery and development, as well as clinical research, among others.
End users of the market are biopharmaceutical and biotechnology companies, along with academic and research institutes, among others.
The market segmentation by countries includes Saudi Arabia, the United Arab Emirates, Nigeria, and South Africa, 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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