Stem Cells Market Major Advancements And Future Growth Till 2025
According to a report by Grand View Research, Inc., the stem cell market was valued at USD 8.65 billion in 2018 and is projected to exhibit a healthy CAGR of 8.8% throughout the forecast period (2019-2025). Technological progressions in stem cell manufacturing & preservation and growing public consciousness about the therapeutic potency of the product are likely to drive the market in the forecast period. In addition, rising private-public funding and investment in stem cell-based research and consciousness about the therapeutic effects of stem cell products are anticipated to boost the market throughout the forecast period. The factors like rising government support for stem cell therapeutics in Europe and U.S. and growth of innovative genomic analysis techniques for quality control in the stem cell production are expected to propel the market. On the other hand, substantial operational prices associated with stem cell manufacturing, banking, and long approval processes are lik