Title: Comprehensive Blueprint of Stem cells Subtitle: Stem Cells Market to Expand at 24.2% CAGR Owing to Greater Proliferation of Stem Cells Banking Services: Body: Stem cells are undifferentiated human cells, which are capable of developing into any kind of cells that make up the human body. The constantly growing presence of therapeutic research activities in the stem cells field and government support are the two main factors driving the market for stem cells. A surge in therapeutic research activities funded by governments across the world has immensely propelled the global stems market. However, the high cost of stem cell treatment and stringent government regulations against the harvesting of stem cells are expected to restrain the growth of the global stem cells market. According to this market research study, the main factors driving the global stem cells market are the growing ubiquity of stem cells banking services, growing trend of medical tourism, greater government support, and unmet medical needs. Undifferentiated cells that have the capacity to differentiate into any cell type of the human body are known as stem cells. These cells produce cells of the non-regenerative variety. The rising presence of therapeutic research activities is another key factor that fuels the global stem cells market. Government support is mainly directed towards clinical research and development of stem cells. Increased awareness about drug discovery and screening, stem cell banking services, and regenerative treatment options is expected to fuel the demand from the global stem cells market. Overview of the Stem Cells Market A number of factors spur the stem cell market’s growth. Some of the main factors driving the market are the increasing funding from various government and private organizations, rising global awareness about stem cell therapies, and growing industry focus on stem cell research. Among the key factors, the growing ubiquity of stem cell banking services, greater government support, the growing trend of medical tourism, and the presence of several unmet medical needs are some additional factors favorable for this market. Government support for the stem cells field is mainly directed towards the clinical research and development of stem cells. This factor also highlights the increased awareness of drug discovery and screening, stem cell banking services, and other regenerative treatment options, which is expected to fuel the demand for stem cells in developed as well as emerging regions. Important Facts: Stem cells provide therapeutic solutions for diseases with high prevalence in the U.S. such as cardiac and neurological disorders. According to the Centers for Disease Control and Prevention (CDC), the U.S., cardiac and malignant diseases causes more than 50% of deaths in the US every year. Moreover, the neurological disorders are also highly prevalent, owing to stressful lifestyle. The provision of grants from organizations such as the National Institute of Health (NIH), California Institute for Regenerative Medicine (CIRM), New York Stem Cell Science, amongst other state initiatives have been encouraging for the research institutes to venture into stem cell research. FDA has been authorized to provide orphan drug designations to many of the therapies developed for rare diseases such as Parkinson’s and Huntington’s using stem cells. The US government has been encouraging the marketing of stem cells. According to the estimates presented at the New York Stem Cell Summit, 2012, the U.S. federal government itself was the largest purchaser of stem cell products in the same year. Browse All Other Biotechnology Research Reports: http://www.transparencymarketresearch.com/biotechnology-market-reports-18.html About Us: Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations. Contact: Mr. Nachiket Ghumare 90 State Street, Suite 700 Albany, NY 12207 United States. Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com Blog: http://www.tmrblog.com/
Stem cells are undifferentiated human cells, which are capable of developing into any kind of cells that make up the human body. The constantly growing presence of therapeutic research activities in the stem cells field and government support are the two main factors driving the market for stem cells.
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