Albany, New York, Dec. 22, 2014 (GLOBE NEWSWIRE) -- A recent study on the global stem cells market published by U.S. based market intelligence firm Transparency Market Research predicts that the market will grow at a CAGR of 24.2% upon its value of US$26.23 billion in 2013 and will reach an approximate value of US$119.52 billion by 2019. The report, titled "Stem Cells Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018" estimates that the stem cells market will be aided by growing amounts of disposable income in developing countries due to the fast rate of development and the withdrawal of animal tissues from medical studies.
Browse the full Report of Stem Cells Market: http://www.transparencymarketresearch.com/stem-cells-market.html
The report analyzes the highly fragmented stem cells market by the type of stem cells, processes in the stem cell market, applications of stem cells, and geography. Regenerative medicine is by far the dominant application of stem cells, including uses in neurology, cardiology, and oncology. According to process, the market is divided into the stem cell acquisition, stem cell production, stem cell cryopreservation, and stem cell expansion segments. Due to the expected increase in demand, stem cell acquisition will retain its position as the major segment of the stem cell market. Geographically, North America and Europe will remain well ahead of the competition.
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Of the five types of stem cells making up the Global Stem Cells Market, adult stem cells are the major contributor to the market with a share of about 80%, but the category of induced pluripotent stem cells is expected to supersede adult stem cells as the dominant category during the forecast period.
The current trend is due to the procedural as well as legal ease of extraction of adult stem cells. As the demand for stem cells rises, pluripotent stem cells, which are accepted into a patient's body with the least risk of complications, will grow to outperform the market segment of adult stem cells, which carry more risk of infection and other side effects than pluripotent stem cells. However, a subtype of adult cells, neuronal stem cells, will be among the fastest growing segments, due to the prevalence and expected increase of neurodegenerative diseases. Accordingly neurology, a subcategory of regenerative medicine, will remain the major application of stem cells, helping keep regenerative medicine well ahead of drug discovery as the major application of stem cells.
Browse Press Release of Stem Cells Market: http://www.transparencymarketresearch.com/pressrelease/stem-cells-market.htm
North America is presently the largest hub for the stem cell market due to the federal government's support, and governments and private organizations sustain the European stem cell market. While these two will maintain its position at the top, emerging Asian and Latin American stem cell research facilities will claim a significant share in the geographical distribution of the stem cells market.
Other Published Reports By Transparency Market Research:
- Agricultural Biotechnology Market: http://www.transparencymarketresearch.com/agricultural-biotechnology-market.html
- Array Instruments Market: http://www.transparencymarketresearch.com/global-array-market.html
Some of the major companies covered in the report include Advanced Cell Technology Inc., BioTime Inc. STEMCELL Technologies Inc., Cellular Engineering Technologies Inc., etc.
Browse All Biotechnology Market Research Reports : http://www.transparencymarketresearch.com/biotechnology-market-reports-18.html
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Source:Transparency Market Research