Global Synthetic Stem Cells Market by Application in 2018, Industry Analysis, Growth and Forecast

The Synthetic Stem Cells Market by Application is expected to grow from USD 14 million in 2023 to USD 37 million by 2028, at a CAGR of 22.5%.

In line with the rising importance of stem cell, researcher Ke Cheng, an associate professor at North Carolina State University, and his research partner Dr. Thomas Caranasos of the University of North Carolina School of Medicine created a protocol to harvest the healing factors secreted by the heart stem cells and encapsulate them synthetically.

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Synthetic Stem Cells Market

Synthetic Stem Cells Market

 

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By application, the cardiovascular diseases segment accounted for the largest share during the forecast period.

The major applications of Synthetic Stem Cells Market by Application include cardiovascular diseases, neurological disorders, and other diseases that require regenerative therapy. Cardiovascular diseases have high prevalence across the globe. Currently, synthetic mesenchymal cells have been developed only for cardiac tissue and have been tested in mice models. The research on cardiac synthetic stem cells is expected to enter the clinical phase in the coming 2-3 years, and the first commercial product would be cardiac synthetic stem cells in the next five years.

Synthetic Stem Cells Market by Application Research Report Objectives:

  • To define, describe, and forecast the synthetic stem cells market based on application and region
  • To provide detailed information about factors influencing the market growth (drivers, restraints, opportunities, and industry-specific challenges)
  • To analyze micro-markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To analyze market opportunities for stakeholders
On the basis of region, the synthetic stem cell market is segmented as follows:
  • North America
  • Europe
  • Asia Pacific
  • RoW

Browse and in-depth TOC on “Synthetic Stem Cells Market by Application”

4 – Tables

17 – Figures

55 – Pages

North America is expected to account for the largest market share during the forecast period.

North America is estimated to account for the largest share of the market in 2023. This is majorly attributed to the rising research on stem cells in the region, coupled with public-private funding. The region is a global leader in the research on regenerative therapies such as stem cells and is backed by funding on advanced research infrastructure to commercialize novel regenerative therapies. Moreover, North America is the pioneer of synthetic stem cell technology and will be the early adopter of this technology in the coming years.

Key questions addressed by the report:

  • What is synthetic stem cell technology?
  • What could be the future of this technology in the coming years?
  • What are the regional growth trends and the largest revenue-generating regions for synthetic stem cells?
  • What are the major applications of synthetic stem cells?

The key developers of synthetic stem cell technology are North Carolina State University (NCSU) (US) and Zhengzhou University (China).

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