The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The induced pluripotent stem cell (IPSC) market has witnessed a remarkable surge in recent years, underpinned by various factors. Let’s delve into the numbers and trends shaping this burgeoning market.

Market Growth Projection

• The IPSC market size surged from $2.97 billion in 2023 to $3.29 billion in 2024, marking a robust compound annual growth rate (CAGR) of 10.8%.
• Projections indicate further growth, reaching $4.81 billion by 2028 at a CAGR of 10.0%.

Driving Forces Behind Growth

Increasing Prevalence of Chronic Disorders

• The rise in chronic disorders like heart disease, cancer, stroke, and diabetes is a primary driver for the IPSC market.
• IPSCs offer promising treatment avenues for these conditions, contributing to market expansion.

Technological Advancements and Research Initiatives

• Advancements in technology, coupled with heightened research initiatives, are fueling market growth.
• Development of IPSC-derived disease models and expansion of genomic projects are pivotal in driving market dynamics.

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Rising Demand for Personalized Medicine

• With a growing emphasis on personalized medicine, the demand for personalized IPSCs is on the rise.
• Companies are investing in tailored IPSC production services to gain a competitive edge.

Key Trends Shaping the Market

Focus on Disease-Specific Therapies

• Development of IPSCs for specific ailments like Parkinson’s disease (PD) is a notable trend.
• Strategic collaborations and partnerships are facilitating advancements in disease-specific therapies.

Expansion into Cell Therapy

• IPSCs hold significant promise in cell therapy applications.
• Investments in regenerative medicine research and development are driving this trend forward.

Segmentation of Market

• The IPSC market is segmented by derived cell type, application, and end-user, offering a comprehensive view of its dynamics.
• Segments include hepatocytes, fibroblasts, academic research, drug discovery, hospitals, and research laboratories.

Industry Insights and Acquisitions

Catalent’s Strategic Acquisition

• Catalent’s acquisition of RheinCell Therapeutics GmbH underscores the company’s expansion into cell and gene therapy.
• This move signifies the growing importance of IPSCs in developing next-generation therapies.

Conclusion: Paving the Way Forward

The induced pluripotent stem cell market is on an upward trajectory, driven by a confluence of factors such as increasing chronic disorders, technological advancements, and a burgeoning demand for personalized medicine. With continued research and strategic investments, the future promises exciting developments and transformative therapies, underscoring the pivotal role of IPSCs in shaping the landscape of modern medicine.

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