Market Highlights:

The Global Stem Cell Manufacturing Market Size is anticipated to hold a market value of USD 10.8 billion in the year 2017 and is expected to grow at a CAGR of 6.6% during the forecast period. The growing awareness of the potential of stem cell products in medical applications among the masses is mainly causing the global stem cell manufacturing industry to expand at a rampant rate. Around the same time , major developments in the area of stem cell science are taking place and groundbreaking methods are found almost every year. This has drawn a large number of people to work in this field, thereby driving the manufacturing demand for stem cells to achieve limitless expansion. Market development is boosted by the growing use of stem cells to cure multiple disorders, an increasing number of stem cell organisations worldwide, and increasing public-private investment and support for stem cell-based research. The growing use of stem cells to cure different disorders, growing the number of stem cell organisations worldwide and increasing public-private investments and support for stem cell research have primarily benefited the world stem cell manufacturing industry.

Regional Analysis:

The global region-based stem cell production industry is split between the Americas, Europe , Asia-Pacific, and the Middle East and Africa. In 2017, the US accounts for the highest market share and owns 49.1 percent of the entire market. The growing development of the region's stem cell manufacturing industry is motivated by the increasing prevalence of cancer, the presence of a well-established pharmaceutical and biotechnology sector, the availability of innovative commercial products, and substantial government funding in the form of funds and grants in America. The main contributor to the region 's development is North America.

In 2017, Europe accounted for the second largest market share, and the regional market is expected to have a CAGR of 17.5% over the forecast period, and the Asia-Pacific market is forecast to be the fastest growing market. In this area, the attractive reimbursement scenario shown by government bodies for medical procedures has also helped the demand expand significantly..

Segmentation:

The global stem cell manufacturing market has been segmented into product, application and end user.The market, on the basis of product, has been segmented into stem cell lines, instruments, culture media and consumables. Stem cell lines are further segmented into hematopoietic stem cells (HSCs), mesenchymal stem cells (MSCs), induced pluripotent stem cell (iPSC), embryonic stem cell (ESC) and others. On the basis of products, instruments are further segmented into bioreactors, incubators, cell sorters and others.

The global market, on the basis of application, has been segmented into research, target identification, therapy and cell & tissue banking. Therapy is further segmented into autologous and allogeneic. Cell and tissue banking segment is expected to hold the largest market share owing to increasing demand for cord blood stem cell banking and also rising awareness regarding stem cell preservation. Research segment is expected to be the fastest growing owing to increasing focus on stem cell research.The global stem cell manufacturing market, by end user, has been segmented into hospitals, pharmaceutical & biotechnology companies, stem cell banks and others.

Key Players:

Some of the prominent players in the global stem cell manufacturing market are Thermo Fisher Scientific, Merck KGaA, BD, Bio-Rad Laboratories, Inc., Lonza, AbbVie Inc., Bristol-Myers Squibb Company, GlaxoSmithKline plc., Teva Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, FUJIFILM Cellular Dynamics, Inc. (FCDI), American CryoStem Corporation, Takara Bio Inc., Miltenyi Biotec, STEMCELL Technologies Inc. and Others.

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