Stem Cell Manufacturing Market Size, DROT, Porter's, PEST, Region & Country Revenue Analysis & Forecast Till 2028
iCrowd Newswire
06 Jul 2021, 09:08 GMT+10
Major factors driving market revenue growth include increasing use of stem cells to treat various diseases, increasing stem cell-based research activities, and growing funding in stem cell-based research.
Market Size – USD 17.05 Billion in 2020 Market Growth – 6.8% Market Trends – Technological advancements in cell therapy and increasing emphasis on development of personalized medicines
The global stem cell manufacturing market size is expected to reach USD 28.85 billion by 2028, registering a CAGR of 6.8% over the forecast period, according to the latest report by Reports and Data.Major factors driving market revenue growth include increasing use of stem cells to treat various diseases, growing stem cell-based research activities and rising funding from in stem cell-based research. Market growth is being aided by technological advancements in cell therapy and a greater emphasis on production of personalised medicines.