InsightAce Analytic Pvt. Ltd. has announced the release of a report on market research titled “Market for iPSCs Manufacturing Services Industry By Application (Research Products, Drug Development & Discovery, Cellular Therapy, Toxicology Screening, Personalized Medicine, Disease Modeling, Stem Cell Banking, Emerging Applications), End-User (Pharmaceutical & Biotechnology Companies, Academic Institutes, Research Laboratories & CROs, Hospitals & Surgical Centers, Cell & Tissue Banks, Other End Users))- Industry Analysis and Market Outlook for 2030”
The Global iPSCs Manufacturing Services Market is estimated to be worth US$ 1009 Million in 2021 and US$ 2611.94 Million in 2030, with a promising CAGR of 11.5% between 2022 and 2030, according to the company’s most recent research.
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For a extensive range of applications, including drug discovery and regenerative medicine, induced pluripotent stem cells, or iPSCs, are acknowledged as attractive and promising cell sources. iPSCs are not seen in nature because they are manufactured in a lab from somatic cells by ectopic co-expression of particular pluripotency factors. These cells are pluripotent and have the ability to self-renew. They can differentiate into any of the 220 or more different types of human cells. iPSCs are frequently employed in the efficacy and safety testing stages of the drug development process. iPSC-derived products including hepatocytes, cardiomyocytes, islet cells, vascular endothelial cells, and neurons are some examples that are now being studied to learn more about the reasons behind human-specific adverse events and toxicity testing during drug development. Differentiation and reprogramming of iPSCs, characterization, manipulation, and testing of iPSC banks for release, as well as cryopreservation and bank storage, are all services offered by iPSC manufacturing service providers. They also provide manufacturing, the creation of analytical techniques, and process development for iPSC therapies.
In the following years, the automated iPSC production process is predicted to have the highest CAGR. The necessity for minimally variable, large-scale, repeatable stem cells and differentiated progeny development is driving an increase in the demand for automated systems. For the purpose of advancing research on a range of ailments, including diabetes, cardiovascular disease, and neurodegenerative diseases, several nations have started iPSC line collection efforts. The market will be driven by increasing amounts of corporate investment, government strategic funding, alliances, and acquisitions.
However, the high cost of treatments and the obscurity surrounding differentiated tissues may soon hinder the development of iPSCs. Additionally, new procedures and mass manufacturing techniques are always being created, which can hinder growth during the predicted period. iPSC manufacturing service providers face a number of obstacles that keep them from growing their operations, including a lack of automated production equipment and the difficulty of changing iPSC genes.
North America is anticipated to lead the manufacturing services market in the forecast period, followed by Europe, due to its quick speed of research into neuropathies, heart problems, and the production of customised medications. The significant investments made thus far to develop iPSC production will also contribute to the expansion.
Significant market key players are Celogics Inc, Lonza Group AG, I Peace Inc., Axol Bioscience Ltd., Evotec SE, FUJIFILM Cellular Dynamics, Inc., RoslinCT, Catalent, Inc, Takara Bio Inc, Ncardia, Cynata Therapeutics Limited, Thermo Fisher Scientific, Inc, CCRM, Applied StemCell Inc. (ASC), Other Prominent Players
Important Market Developments
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Global iPSCs Manufacturing Services Market, by By Applications, 2022-2030 (Value US$ Mn)
Global iPSCs Manufacturing Services Market, by End-User, 2022-2030 (Value US$ Mn)
Global iPSCs Manufacturing Services Market, by Region, 2022-2030 (Value US$ Mn)
North America IPSCs Manufacturing Services Market, by Country, 2022-2030 (Value US$ Mn)
Europe IPSCs Manufacturing Services Market, by Country, 2022-2030 (Value US$ Mn)
Asia Pacific IPSCs Manufacturing Services Market, by Country, 2022-2030 (Value US$ Mn)
Latin America IPSCs Manufacturing Services Market, by Country, 2022-2030 (Value US$ Mn)
Middle East & Africa IPSCs Manufacturing Services Market, by Country, 2022-2030 (Value US$ Mn)
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