InsightAce Analytic Pvt. Ltd. has announced the release of a report on market research titled “Market for iPSCs Manufacturing Services Worldwide (By Application (Research Products, Toxicology Screening, Drug Development & Discovery, Cellular Therapy, Personalized Medicine, Stem Cell Banking, Disease Modeling, Emerging Applications), End-User (Pharmaceutical & Biotechnology Companies, Academic Institutes, Research Laboratories & CROs, Cell & Tissue Banks, Hospitals & Surgical Centers, 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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Induced pluripotent stem cells, or iPSCs, are recognized as appealing and promising cell sources for various applications, including drug development and regenerative medicine. iPSCs are not seen in nature since they are created in the laboratory by ectopic co-expression of specific pluripotency factors in somatic cells. These cells are both pluripotent and capable of self-renewal. They can differentiate into any of the more than 220 types of human cells. iPSCs are often utilized during the drug development process’s efficacy and safety testing phases. iPSC-derived products, such as hepatocytes, cardiomyocytes, islet cells, vascular endothelial cells, and neurons, are being examined to determine the causes of human-specific adverse events and toxicity testing during drug development. iPSC manufacturing service providers offer differentiation and reprogramming of iPSCs, characterization, modification, and release testing of iPSC banks, as well as cryopreservation and bank storage. In addition, they offer production, the design of analytical techniques, and process development for iPSC therapies.
The automated iPSC production process is anticipated to have the highest CAGR in the next years. The need for large-scale, repeatable, minimally variable stem cell and differentiated progeny development is increasing the demand for automated solutions. Several governments have initiated iPSC line collection initiatives to advance research on various disorders, including diabetes, cardiovascular disease, and neurodegenerative diseases. Increasing quantities of corporate investment, government strategic funding, collaborations, and acquisitions will drive the market.
Nevertheless, the high price of treatments and the obscurity surrounding differentiated tissues may soon impede the growth of iPSCs. Moreover, new procedures and mass production techniques are always being developed, limiting growth during the forecast period. Several challenges prevent iPSC manufacturing service providers from expanding their businesses, including a lack of automated production equipment and the difficulty of modifying iPSC genes.
Due to the rapid pace of research into neuropathies, cardiac problems, and the creation of customized drugs, North America is predicted to lead the manufacturing services market over the forecast period, followed by Europe. Significant expenditures to date for developing iPSC production will also add to the expansion.
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Significant market key companies are Thermo Fisher Scientific, Inc, Celogics Inc, Lonza Group AG, I Peace Inc., Axol Bioscience Ltd., Evotec SE, RoslinCT, FUJIFILM Cellular Dynamics, Inc., Catalent, Inc, Takara Bio Inc, Ncardia, Cynata Therapeutics Limited, 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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