Induced pluripotent stem cells are experiencing strong growth due to rising research into disease models and drug discovery.
WILMINGTON, Del. , July 11, 2024 /PRNewswire/ — The global induced pluripotent stem cells industry was worth US$ 1.7 billion in 2023. By 2034, it is estimated to reach US$ 4.6 billion, expanding at a CAGR of 9.4% between 2024 and 2034. As reprogramming strategies improve, iPSCs become more feasible for many applications and more attractive to buyers.
The utilization of iPSCs in drug discovery and disease modeling is being accelerated by excessive-throughput screening technologies. Aside from heart disease, liver failure, and diabetes, iPSCs are capable of creating organ replacements. By doing so, the donor organ shortage can be addressed and the impact on affected people can be enhanced. Several wound recuperation treatments are possible with iPSCs, including those that treat excessive burns and chronic ulcers.
Cells from iPSCs can be used to develop new immunotherapies, such as CAR-T mobile treatments for cancer. Depending on the patient’s immune system, these treatment plans may enhance effectiveness and reduce side effects. Besides Parkinson’s disorder, spinal cord injuries, and macular degeneration, iPSCs can also be used to update damaged or diseased cells.
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Induced Pluripotent Stem Cells Market Report Scope:
Report Coverage |
Details |
Forecast Period |
2024-2034 |
Base Year |
2020-2022 |
Size in 2023 |
US$ 1.7 Bn |
Forecast (Value) in 2034 |
US$ 4.6 Bn |
Growth Rate (CAGR) |
9.4 % |
No. of Pages |
156 Pages |
Segments covered |
By Cell Type, By Application, By End-user |
Global Induced Pluripotent Stem Cells Market: Competitive Landscape
iPSC-based therapies can be commercialized more quickly with partnerships among educational institutions and biotech/pharmaceutical companies. By utilizing global studies networks and consortia, information can be shared, protocols are standardized, and problems can be collectively solved, propelling forward the iPSC industry.
Key Players Profiled
Key Developments
Key Findings of the Market Report
Global Induced Pluripotent Stem Cells Market: Growth Drivers
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Global Induced Pluripotent Stem Cells Market: Regional Landscape
Global Induced Pluripotent Stem Cells Market: Segmentation
Cell Type
Application
End User
Region
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