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

According to The Business Research Company’s Stem Cell Manufacturing Global Market Report 2024, the stem cell manufacturing market is expected to show promising growth in the forecast period.

The Evolution of Stem Cell Manufacturing Market

• Rapid growth: From $15.78 billion in 2023 to $17.39 billion in 2024 (CAGR of 10.2%).
• Predicted expansion: Estimated to reach $26.55 billion in 2028 (CAGR of 11.2%).
• Contributing factors: Advancements in biotechnology, R&D initiatives, clinical trials, regulatory framework, and infrastructure investments.

Geriatric Population Drives The Stem Cell Manufacturing Market

• Geriatric population overview: Individuals aged 65 and above.
• Increased susceptibility: Aging correlates with higher risks of chronic diseases.
• Statistics: UN projects a rise from 9.3% to 16.0% of the population aged 65 and above by 2050.
• WHO estimates 1.4 billion individuals over 60 by 2030.
• Market dynamics: Rising demand for stem cell therapies.
• Key players: Thermo Fisher Scientific Inc., Merck Millipore, Stemcell Technologies, etc.

Innovative Product Development Strategies To Gain A Competitive Edge

• Company focus: Developing innovative products like GM-grade protein.
• Example: ACROBiosystems Inc.’s launch of GM-grade DLL4 protein.
• Significance: High-quality, scalable source for stem cell-based therapies.
• Role of DLL4: Promotes self-renewal and expansion of hematopoietic stem cells (HSCs).
• Impact: Enhancing growth and differentiation of HSCs.

View More On The Stem Cell Manufacturing Market Report 2024 – https://www.thebusinessresearchcompany.com/report/stem-cell-manufacturing-global-market-report

Catalent Expands Cell Therapy Capabilities Through Strategic Acquisition Of Rheincell Therapeutics Gmbh

• Acquisition details: Catalent’s acquisition of RheinCell Therapeutics GmbH.
• RheinCell Therapeutics: Manufacturer of GMP-grade human-induced pluripotent stem cells (iPSCs).
• Catalent’s goals: Expanding cell treatment options and production scalability.
• Acquisition impact: Catalent’s improved ability to produce at scale.

Market Segmentation and Geographical Insights

• Product segmentation: Consumables, Instruments, Stem Cell Lines.
• Application segmentation: Research, Clinical, Cell and Tissue Banking.
• End-user segmentation: Pharma and Biotech, Academic Institutes, Research Labs, Hospitals, etc.
• Regional dominance: North America led the stem cell manufacturing market in 2023.

Future Trends and Outlook

• Projected growth: Continued expansion driven by funding, therapeutic applications, and clinical trials.
• Emerging trends: 3D bioprinting, iPSCs, automation, standardization, bioreactor advancements.
• Market potential: Stem cell manufacturing poised for further innovation and development.

In conclusion, the stem cell manufacturing market’s rapid growth trajectory reflects the increasing demand for innovative therapies and treatment options, especially with the rise in chronic diseases among the aging population. As companies invest in research, development, and strategic acquisitions, the market is poised for significant expansion, offering promising opportunities for both patients and stakeholders alike. With ongoing advancements and evolving trends, the future of stem cell manufacturing holds immense potential to revolutionize healthcare and address critical medical needs on a global scale.

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