India $470 Million Stem Cell Market Competition Forecast & Opportunities, 2021-2026
February 16, 2021 04:18 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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The Indian Stem Cell Market was valued at USD 0.47 Billion in 2019 and is projected to grow at around 13% CAGR during FY 2021 - FY 2026.
Continuous advancements in tissue engineering is one of the prime factors boosting the Indian Stem Cell Market. Development of regenerative medicines coupled with growing cases of chronic and genetic diseases across the country are some of the other factors anticipated to drive the growth of stem cell market during the forecast years.
Moreover, availability of funds from the government and certain organizations is estimated to bode well for the growth of the Indian Stem Cell Market over the next five years.
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