Induced Pluripotent Stem Cell (iPSC) Market Segmentation and Trends: Current and Future Growth Analysis 2024-2032

Polaris Market Research has recently published its latest analysis titled “Induced Pluripotent Stem Cell (iPSC) Market.” The report reveals that the market for induced pluripotent stem cells was valued at USD 1,940.39 million in 2023. The market is projected to grow to USD 4,355.56 million by 2032, exhibiting a CAGR of 9.4% during the forecast period.

Prominent provocation in the field of tissue engineering is recognizing contemporary cellular mechanism that precisely impersonates and mirrors human physiology. The rise of scaffold technology to mark the provocation is perceived to have a magnanimous success rate lately and is anticipated to push with poised growth over the forecast period. Also, paucity of inadequate organ donor is one of the elevated influences providing elements to push the demand for scaffold technology. Solicitation of biomimetic tissue assembles to replicate 3D organotypic framework has persuaded an extensive aggregate of research institutions to acquire scaffold technology for organoid creation so as to improve transplantation processes, which is propelling the induced pluripotent stem cell (iPSC) market forward.

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Market Overview

Consider pluripotent stem cells as master cells competent to evolve into any human cell they want. Earlier, embryonic stem cells were a fascinating likelihood for researchers due to their pluripotency, capable of becoming any kind of cell in the human body. Presently, scientists and researchers utilize induced pluripotent stem cells, which are configured from grown-up cells and programmed to become a particular type of cell. Once the iPSC evolves into organoids, the research commences. One possible advantage of iPSCs is researching how illnesses such as IBD advance in the body. Once the illness is modeled in the dish, one wants to scrutinize the procedure, opening to the fact of the genesis of people becoming sick. Once that is done, one can commence outlining customized treatments for people.

Company Snapshot

Critical players in the market engage in manifold referencing procedures. These incorporate free disparity protocols, partnership with research firms for cell investment and commissioning to specific iPSC suppliers. Leaders in the induced pluripotent stem cell (iPSC) market are enumerated as follows:

• Astellas Pharma Inc.
• Axol Bioscience Ltd.
• Cynata Therapeutics Limited
• Fate Therapeutics
• FUJIFILM Holdings Corporation (Cellular Dynamics)
• Ncardia
• REPROCELL Inc.
• Takara Bio Inc.
• Thermo Fisher Scientific Inc.
• ViaCyte, Inc

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Growth Drivers:

• Advancements in Stem Cell Research: Ongoing research and technological advancements in iPSC generation and differentiation techniques are driving market growth.
• Increasing Prevalence of Chronic Diseases: Rising incidence of chronic diseases and conditions that can potentially be treated with stem cell therapies boosts the demand for iPSCs.
• Government and Private Funding: Substantial investments and funding from government agencies and private organizations support iPSC research and development.
• Ethical Advantages: iPSCs circumvent ethical issues associated with embryonic stem cells, as they are derived from adult cells.
• Personalized Medicine: Growing interest in personalized medicine and the potential of iPSCs to create patient-specific cell lines for tailored treatments.

Regional Overview

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea, Australia)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Segmental Analysis

By Derived Cell

• Hepatocytes
• Fibroblasts
• Neural Cells
  • Excitatory Neurons
  • Inhibitory Neurons
• Amniotic Cells
• Cardiomyocytes
• Others

By Workflow

• Reprogramming
• Cell Culture
• Cell Characterization / Analysis
• Engineering
• Others

By Application

• Manufacturing
• Academic Research
• Drug Development & Discovery
• Toxicity Screening
• Regenerative Medicine

iPSC Market Report Highlights

• In 2023, the global market witnessed significant growth, with cardiomyocytes emerging as the dominant segment. This is because cardiomyocytes, specialized muscle cells in the heart responsible for its contraction and pumping action, have gained significant attention due to their potential for therapeutic applications.
• The regenerative medicine industry is projected to experience a substantial growth rate in the upcoming years. Regenerative medicine involves therapeutic techniques that target the repair, replacement, or regeneration of tissues or organs in order to restore normal function in individuals who are suffering from injury or disease.
• The North American region dominated the global market, owing to its extensive research and innovation in the field of biomedical science.

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