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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Stem Cell Assay Market Size
The North America stem cell assay market was valued at USD 7.1 billion in 2023, driven by the increased investment in stem cell research in the region. The market is expected to grow at a CAGR of 10.08% during the forecast period of 2024-2032, with the values likely to rise from USD 7.8 billion in 2024 to USD 16.9 billion by 2032.
North America Stem Cell Assay Market Report Snapshots
North America Stem Cell Assay Market Size
North America 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 market attained a value of about USD 7.1 billion in 2023 driven by the increased investment in stem cell research in the region.
The market is anticipated to grow at a CAGR of 10.08% during the forecast period of 2024-2032, likely to reach a market value of USD 16.9 billion by 2032.
The growing prevalence of chronic diseases and the rising healthcare expenditure are fuelling the demand for the market.
One of the significant trends in the market is the increased merger and acquisition initiatives among the key market players. In April 2023, Discovery Life Sciences acquired ReachBio Research Labs, a life sciences company based in Seattle known for its cell-based assays, drug screening services, and predictive hematotoxicity.
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.
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.
The market breakup by cell type includes adult stem cells, human embryonic stem cells, and pluripotent.
End users of the market are biopharmaceutical and biotechnology companies, as well as academic and research institutes, among others.
Major applications areas of stem cell assays include regenerative medicine and therapy development, drug discovery and development, along with clinical research, among others.
The market segmentation by countries includes the United States of America and Canada.
The key market players include Thermo Fisher Scientific, PerkinElmer, Stemcell Technologies, Merck, Bio-Rad Laboratories, Agilent Technologies, Promega, Bio-Techne, and Cell Biolabs.
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