REPORT HIGHLIGHT
Induced Pluripotent Stem Cell (iPSC) Market size was valued at USD 2,005.3 million in 2022, expanding at a CAGR of 7.1% from 2023 to 2030.
Induced Pluripotent Stem cells (iPSC) are derived from skin or blood cells that have been reprogrammed back into an embryonic-like pluripotent state that enables the development of an unlimited source of any type of human cell needed for therapeutic purposes. For example, iPSC can be prodded into becoming beta islet cells to treat diabetes, blood cells to create new blood free of cancer cells for a leukemia patient, or neurons to treat neurological disorders. iPSC have certain advantages over other stem cell types in models of regenerative medicine and wound healing. Because they are derived from adult somatic cells, and not embryos, iPSC are not associated with the ethical dilemmas surrounding the use of embryonic stem cells.
Induced Pluripotent Stem Cell (iPSC) Market- Market Dynamics:
Rising demand for vaccine production especially after the onslaught of the pandemic, and increasing investments in the iPSC sector are some of the factors contributing towards rapid iPSC market growth.
The pandemic has also emphasized the importance of cell-based therapies for treating diseases. iPSCs offer a renewable source of cells that can be differentiated into various cell types for therapeutic applications. This includes the potential use of iPSCs for developing cell-based therapies to treat COVID-19-related complications, such as lung damage. According to World health organization, Chronic obstructive pulmonary disease (COPD) is the third leading cause of death worldwide, causing 3.23 million deaths in 2019. Many governments recognize the potential of iPSC technology and have initiated funding programs to support research and commercialization efforts. iPSC-derived cells provide a consistent and scalable platform for vaccine production, enabling faster and more efficient vaccine manufacturing processes.
Induced Pluripotent Stem Cell (iPSC) Market- Key Insights:
- As per the analysis shared by our research analyst, the global Induced Pluripotent Stem Cell (iPSC) market is estimated to grow annually at a CAGR of around XX% over the forecast period (2023-2030)
- The Induced Pluripotent Stem Cell (iPSC) industry is projected to grow at a significant rate due to the growing awareness of sustainable growth
- Based on type segmentation, Cardiomyocytes were predicted to show maximum market share in the year 2022
- Based on Application segmentation, Drug development, and discovery were the leading in 2022
- On the basis of region, North America was the leading revenue generator in 2022
Induced Pluripotent Stem Cell (iPSC) Market- Segmentation Analysis:
- The Global Induced Pluripotent Stem Cell (iPSC) Market is segmented on the basis of derived cells, Application, and Region.
- The market is divided into three categories based on derived cells: Hepatocytes, Fibroblasts. Amniotic Cells, Cardiomyocytes, and Others. Cardiomyocytes dominate the market. Patient-specific iPSC-derived Cardiomyocytes (iPSC-CMs) offer an attractive experimental platform to model cardiovascular diseases, study the earliest stages of human development, accelerate predictive drug toxicology tests, and advance potential regenerative therapies.
- The market is divided into two categories based on application: Manufacturing, Academic Research, Drug Development & Discovery, Toxicity Screening, and Regenerative Medicine. Drug development and discovery dominate the market and are likely to maintain its dominance during the forecast period. Induced pluripotent stem cell (iPSC) technology is revolutionizing medical science, allowing the exploration of disease mechanisms and novel therapeutic molecular targets, and offering opportunities for drug discovery and proof-of-concept studies in drug development.
Induced Pluripotent Stem Cell (iPSC) Market- Geographical Insights:
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America is expected to dominate the Induced Pluripotent Stem Cell (iPSC market, due to the prevalence of chronic disease and the use of Stem Cell in their treatment. According to center of disease control and prevention, in 2018, 51.8% (129 million) of civilian, noninstitutionalized adults had been diagnosed with at least 1 of 10 selected chronic conditions. iPSCs hold tremendous potential for developing personalized therapies and disease modeling in these areas. The demand for advanced treatments and innovative therapies to address chronic diseases drives the growth of the iPSC market in this region. Overall, Europe and Asia, are also actively participating in iPSC research and development.
Induced Pluripotent Stem Cell (iPSC) Market- Competitive Landscape:
The United States, South Korea, Japan, the United Kingdom, and China have emerged as the top five countries for stem cell treatment, recognitions to their commitment to advancing the field and providing innovative treatment options for patients. There are just a few examples of prominent players in the iPSC market. Other companies, academic institutions, and research organizations worldwide are actively engaged in iPSC research, product development, and clinical trials. For example, 27 Jan,2021 Thermo Fisher Scientific has developed a new medium for the development and expansion of human T lymphocytes (T-cells) for cell therapy developers using allogeneic workflows. Some of the primary techniques used by corporations to strengthen their reach and expand their market share include new product launches, distribution network development, R&D spending, and mergers and acquisitions.
Recent Developments:
In November 2021, Ncardia (Gosselies, Belgium), a leading human-induced pluripotent stem cell (iPSC) technology company, has recently announced their partnership with investment platform Kiniciti (NY, USA) - a collaboration which will facilitate the development of innovative iPSC-derived advanced therapies.
Key features of the study:
- This proposed research study on Induced Pluripotent Stem Cell (iPSC) market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
- The report provides the client the latest up-to-date and trending insights about the Induced Pluripotent Stem Cell (iPSC) market.
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Induced Pluripotent Stem Cell (iPSC) market
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Induced Pluripotent Stem Cell (iPSC) market
- Impact of COVID-19 on Induced Pluripotent Stem Cell (iPSC) market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Induced Pluripotent Stem Cell (iPSC) market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the Induced Pluripotent Stem Cell (iPSC) market, we have also included competitive landscape and key innovator analysis for the Induced Pluripotent Stem Cell (iPSC) market.
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Induced Pluripotent Stem Cell (iPSC) market.
- In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The global Induced Pluripotent Stem Cell (iPSC) market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL INDUCED PLURIPOTENT STEM CELL (IPSC) MARKET KEY PLAYERS
- Lonza
- Axol Biosciences Ltd.
- Evotec SE
- Hitachi Ltd.
- Merck KGaA
- REPROCELLS, Inc.
- Fate Therapeutics
- Thermo Fisher Scientific, Inc.
- StemCellsFactory III
- Applied StemCells, Inc.
GLOBAL INDUCED PLURIPOTENT STEM CELL (IPSC) MARKET, BY DERIVED CELL
- Hepatocytes
- Fibroblasts
- Amniotic Cells
- Cardiomyocytes
- Others
GLOBAL INDUCED PLURIPOTENT STEM CELL (IPSC) MARKET, BY APPLICATION
- Manufacturing
- Academic Research
- Drug Development & Discovery
- Toxicity Screening
- Regenerative Medicine
GLOBAL INDUCED PLURIPOTENT STEM CELL (IPSC) MARKET, BY REGION
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA