Induced Pluripotent Market Is Expected To Rise To An Estimated Value Of Usd 2.33 Billion By 2026, Registering A Substantial Cagr In The Forecast Period Of 2019-2026. This Rise In Market Value Can Be Attributed To The Increasing Prevalence Of Chronic Diseases And Ailments Requiring The Development Of Modern Technologically Advanced Therapeutic Options.
The induced pluripotent market report aids to concentrate on the important aspects of the market. All statistical and numerical information given in the report is symbolized with the help of graphs and charts which facilitates the understanding of facts and figures. In addition, this market research report predicts the size of the market with information on key vendor revenues, development of the industry by upstream & downstream, industry progress, key companies, segment type & market application. The induced pluripotent market document has been formed by using information from trustworthy sources such as journals, websites, and annual reports of the companies, white papers, and mergers.
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Few of the major competitors currently working in the induced pluripotent market are Bristol-Myers Squibb Company; CELGENE CORPORATION; Astellas Pharma Inc.; Thermo Fisher Scientific; Cell Applications, Inc.; Axol Bioscience Ltd.; Organogenesis Holdings; Merck KGaA; FUJIFILM Holdings Corporation; Fate Therapeutics; KCI Licensing, Inc.; Japan Tissue Engineering Co., Ltd.; Vericel; ViaCyte, Inc.; STEMCELL Technologies Inc.; Horizon Discovery Group plc; Lonza; Takara Bio Inc.; Promega Corporation and QIAGEN.
- Rise in the expenditure incurred by various private and government sources on R&D is expected to drive the growth of the market
- High levels of understanding and awareness regarding the composition of the iPSC (Induced Pluripotent Stem Cell) has resulted in a rise of demand of the product from various end-users; this factor is expected to drive the growth of the market
- Utilization of these cells for the creation of customized tissues and helping in understanding of human development; this factor is expected to drive the growth of the market
- Complications and large costs associated with the development and manufacturing of these products are expected to restrain the growth of the market
- Chances of health risks due to the acceptance of these products in the recipient’s body along with lack of efficiency in the process are factors restraining the growth of the market
Segmentation: Global Induced Pluripotent Market
By Product Category
- Cell Culture
- Cell Analysis
By Cell Type
- Amniotic Cells
- Drug Development
- Regenerative Medicine
- Toxicity Testing
- Academic Research
- Stem Cell Bio-Banking
- Academic & Research Institutes
- Biotechnology Companies
- North America
- South America
- Middle East & Africa
Key Developments in the Market:
- In March 2018, FUJIFILM Holdings Corporation announced that they are planning to acquire Irvine Scientific Sales and IS Japan of Saitama Prefecture, which will help in providing FUJIFILM with regenerative therapeutics and medicine capabilities of growing certain cells inclusive of but not limited to pluripotent stem cells.
- In February 2018, Astellas Pharma Inc. announced that they are acquiring Universal Cells for USD 102.5 million. This acquisition will help Astellas to integrate Universal’s technological platform developed for better acceptance and implementation of pluripotent cells in the recipient’s body.
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