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The stem cell assay market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 19%, as per The Business Research Company’s market report!

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The Stem Cell Assay Market Size In 2022 And Forecast
The global stem cell assay market is expected to grow from $1.29 billion in 2021 to $1.56 billion in 2022 at a compound annual growth rate (CAGR) of 21%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The stem cell assay market is expected to grow to $3.18 billion in 2026 at a CAGR of 19.5%.

Stem cells refer to cells, which have the rare capacity to renew themselves and develop into specialized cell types.

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Increase In The Prevalence Of Chronic Diseases Is Driving The Growth Of The Stem Cell Assay Market
For instance, according to the Australian Bureau of Statistics, an independent statuary agency of the Australian government, in 2021, nearly 46.6% of Australians of all ages had one or more chronic diseases, and nearly one in five that is 20.7% had two or more chronic diseases. Therefore, the increase in the prevalence of chronic diseases is driving the growth of the stem cell assay market.

Competitive Landscape And The Regional Analysis Of The Stem Cell Assay Market
Major players in the stem cell assay market are Thermo Fisher Scientific Inc., Merck Group, Danaher Corporation, Becton Dickinson and Company, Bio-Rad Laboratories, PerkinElmer, Agilent Technologies, Promega Biotechnology Company, Cell Biolabs, Miltenyi Biotec, STEMCELL Technologies, Bio-Techne Corporation, Charles River Laboratories International Inc., Hemogenix Inc., Lonza Group AG, Takara Bio Inc., Creative Bioarray, AAT Bioquest Inc., BPS Bioscience Inc., Enzo Biochem Inc., PromoCell, Biotium, Geno Technology, Abcam plc, and ReachBio Research Labs.

Additionally, as per TBRC’s research – North America was the largest region in the stem cell assay market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Stem Cell Assay Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the stem cell assay market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the stem cell assay market.

Product Innovations – A Key Trend In The Stem Cell Assay Market
Major companies operating in the stem cell assay market are introducing new products to sustain their position in the market.

Stem Cell Assay Market Segmentation By The Business Research Company

1) By System Type: Tire Pressure Monitoring System (TPMS), Drowsiness Monitor System, Intelligent 1) By Type: Cell Viability And Toxicity Assays, Cell Apoptosis Assays, Cell Function Assays, Cell Identification Assays, Isolation And Purification Assays, Cell Differentiation Assay, Other Types

2) By Product: Instruments, Detection kit

3) By Application: Regenerative Medicine And Therapy Development, Drug Discovery And Development, Clinical Research

4) By End User: Government Research Institutes, Private Research Institutes, Industry Research

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