Induced Pluripotent Stem Cell Market Size, Share, Future Growth, Strategy and Forecast to 2033

According to Fact.MR, a market research and competitive intelligence provider, the induced pluripotent stem cell (iPSC) market will reach US$4.6 billion by the end of the year, rising at a high CAGR of 8.9%. academic period (2023-2033). North America is expected to maintain its dominant position in the global market for the next ten years and beyond.

Stem cell therapies have gained immense popularity worldwide due to increased awareness of their benefits. The high prevalence of chronic diseases has fueled the demand for advanced drug discovery and development, which should act as a catalyst for pluripotent stem cell sales in the coming years. Induced pluripotent stem cell companies are looking to capitalize on this opportunity and monetize by adopting strategies such as mergers, acquisitions and collaborations.

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The multinational biotech and pharmaceutical company Catalent announced in August 2021 that it has acquired RheinCell Therapeutics GmbH, a German developer of human induced pluripotent stem cells. The deal's total value was not made public.

Key Takeaways from Market Study

The global market for induced pluripotent stem cells is estimated to be valued at USD 1.96 billion in 2023.

The demand for induced pluripotent stem cells is expected to grow at a phenomenal rate of 8.9% between 2023 and 2033.

The market is forecast to. to reach USD 4.6 billion per yearIncreasing focus on health infrastructure development, government support for medical research and breakthroughs in stem cell technologies are other opportunities that will drive the sales of induced pluripotent stem cells in the future.

The high cost of stem cell research and ethical issues surrounding stem cell production are significant market limitations.

Induced pluripotency stem cell sales in Canada are expected to grow rapidly at a CAGR of 9% over the next ten years.

The need for iPSCs is enormous, and until 2033, it is anticipated that regenerative medicine applications will have a major impact.

"Increasing investment in regenerative medicine RandD offers profitable growth opportunities for induced pluripotent stem cell companies," says a Fact.MR analyst.

Winning Strategy

Providers of induced pluripotent stem cells are concentrating on expanding their studies to provide innovative treatments with iPSCs. In the meanwhile, companies offering induced pluripotent stem cells are concentrating on obtaining fresh funding to support their R&D and commercial growth initiatives.

This thorough iPSC market research analysis by market research and competitive intelligence company Fact.MR highlights important tactics used by both new and existing businesses, illuminating present and upcoming industry trends.

• TreeFrog Therapeutics, a biotechnology company dedicated to producing cost-effective stem cell treatments, announced the opening of a US$100,000 award in April 2022. For the purpose of advancing stem cell biology research and fostering scientific discoveries, PhD-level scientists and students may apply for the Stem Cell SpaceShot Grant.

Key Companies Profiled

• Sumitomo Dainippon Pharma Co. Ltd.
• Ncardia
• REPROCELL USA Inc.
• Thermo Fisher Scientific Inc.
• FUJIFILM Cellular Dynamics Inc.
• Axol Bioscience Ltd.
• ViaCyte Inc.
• Takara Bio Inc.
• Cynata Therapeutics Limited
• Pluricell Biotech
• Evotec SE
• Fate Therapeutics Inc.

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United States Emerges as Prime Market for Induced Pluripotent Stem Cell Suppliers

Due to extensive research and development efforts in the healthcare industry, the United States is expected to develop into a very profitable market for providers of induced pluripotent stem cells during the next ten years.

Given that the government funds stem cell research and that the availability of stem cell therapy is expanding quickly, suppliers of stem cell therapy are probably going to give the United States first priority when generating income. Because more people are opting for stem cell therapies, there will likely be a greater demand for certain types of stem cells in the US, such as neural stem cells, umbilical cord stem cells, and embryonic stem cells.

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