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The global stem cell assay market was valued at USD 6.4 billion in 2023, driven by the rising funding to conduct stem cell research activities across the globe. The market is expected to grow at a CAGR of 13.18% during the forecast period of 2024-2032, with the values likely to rise from USD 7.2 billion in 2024 to USD 19.4 billion by 2032.
*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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The market attained a value of about USD 6.4 billion in 2023 driven by the rising funding in stem cell research across the globe.
The market is anticipated to grow at a CAGR of 13.18% during the forecast period of 2024-2032, likely to reach a market value of USD 19.4 billion by 2032.
Technological advancements in stem cell assay techniques such as the development of high-output screening platforms and 3D cell culture techniques are fuelling the demand for the market.
One of the significant trends in the market is the increased research and development activities in stem cell biology. In July 2023, a study published in the biomedical journal discovered a way to reverse cellular aging. The study was based on expressing certain genes (Yamanaka factors), and converting adult cells into induced pluripotent stem cells (iPSCs).
Based on the product type, the market is segmented into kits and reagents, instruments, and services.
Technologies available in the market include flow cytometry, high-content screening, PCR (polymerase chain reaction), spectrophotometry, microarray, and other technologies.
By assay types, the market is divided into viability/cytotoxicity assays, isolation/purification assays, differentiation assays, proliferation assays, apoptosis assays, and other assay types.
The market breakup by cell type includes adult stem cells, embryonic stem cells, and induced pluripotent stem cells (iPSCs).
End users of the market are pharmaceutical and biotechnology companies, research institutes, and contract research organizations (CROs), among others.
Major applications areas of stem cell assay include drug discovery and development, regenerative medicine and therapy development, clinical research, and other applications.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
Key players involved in the market are Thermo Fisher Scientific Inc., Merck KGaA (Sigma-Aldrich), PerkinElmer, Inc., GE Healthcare, Bio-Rad Laboratories, Inc., STEMCELL Technologies Inc., Cell Biolabs, Inc., Promega Corporation, Lonza Group, Miltenyi Biotec, Cell Signaling Technology, Inc., Agilent Technologies, Inc., R&D Systems (a Bio-Techne brand), Bio-Techne Corporation, and Cytiva (formerly GE Healthcare Life Sciences).
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124