(PharmaNewsWire.Com, February 02, 2017 ) According to the report Asia Pacific Stem Cell Market, published by Market Data Forecast, the global market is projected to reach USD 7.15 billion by 2021, at a CAGR of 15.5% from 2016 to 2021.
Stem cells is a type of a research tool, as their in vitro study would allow scientists to understand in depth about the role of different organs and the enhancement of particular illnesses; stem cells may also possibly allow drug developers to test growing therapies on diseased cells. Stem cells therapy has shown outstanding potential to treat cancer efficiently.
Stem cells market is being driven by the factors for the growth of the market which includes advanced funding from many government and private organizations for research and development for not achieved medical needs, increasing industry attention on stem cell research, and inclining awareness about stem cell therapies. It also includes other factors such as advancement of cutting-edge genomic techniques for stem cell analysis, and inclining approvals for clinical trials of stem cell therapy.
Major players in this market are Athersys, StemCells Inc., Cryo Cell International, Geron Corporation, Mesoblast Ltd., Aastrom Biosciences Inc., Celgene Corporation, Invitrogen and Cytori Therapeutics Inc.
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