The global induced pluripotent stem cells production market size is expected to be worth around US$ 2.70 billion by 2030, according to a new report by Vision Research Reports.
The global induced pluripotent stem cells production market size was valued at US$ 950.29 million in 2020 and is anticipated to grow at a CAGR of 9.0% during forecast period 2021 to 2030.
Report Coverage
| Report Scope | Details |
| Market Size | USD 2.70 billion by 2030 |
| Growth Rate | CAGR of 9.0% From 2021 to 2030 |
| Base Year | 2021 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Process, Product, Workflow, Application, End-use |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Lonza; Axol Biosciences Ltd.; Evotec; Hitachi Ltd.; Merck KGaA; REPROCELL Inc.; Fate Therapeutics; Thermo Fisher Scientific, Inc.; StemCellFactory III; Applied StemCell Inc. |
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Growth Factors
The market is driven by technological advancements in induced pluripotent cell manufacturing, rising awareness about the therapeutic potency of such cells, and extensive research on the development of using induced pluripotent cells. The ability of iPS cells to differentiate with maximum diversity has been one of the key drivers propelling its usage in gene and cell therapy applications. The high therapeutic potential of induced pluripotent stem cells (iPSCs) has expanded its applications in the past few years making significant contributions to the market revenue.
Key Players
Market Segmentation
The Induced Pluripotent Stem Cells Production market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Induced Pluripotent Stem Cells Production market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
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