Global Synthetic Stem Cells Market - Growth rate, Latest Trend and Forecast 2028
The market size for Synthetic Stem Cells is expected to grow from USD 14 million in 2023 to USD 37 million by 2028, at a CAGR of 22.5% during the forecast period. The study involved four major activities in estimating the current market size for synthetic stem cells. Exhaustive secondary research was conducted to collect information on the market as well as its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. The top-down approach was employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the size of the segments and subsegments of the market.
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Key Market Players
The technology is developed and patented by North Carolina State University (NCSU) (US) and Zhengzhou University (China)
Market Dynamics
Market Drivers
· Ethical Concerns Regarding Embryonic Stem Cells
· Risk of Tumor Formation and Immune Rejection of Natural Stem Cells
Market Restraints
· Unclear and Unstructured Regulations
Market Opportunities
· Costly Storage and Fragility of Natural Stem Cells
· Potential Application in Major Indications
· Increasing Stem Cell Research Funding
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