Induced Pluripotent Stem Cells Forming an Emerging Market
WELLESLEY, Mass. – June 16, 2020 – (Newswire.com)
The global market for induced pluripotent stem cells (iPSCs), should reach $3.8 billion, growing 9.2% annually, according to the latest report by BCC Research, Induced Pluripotent Stem Cells: Global Markets.
iPSCs are reprogrammed cells from a patient’s body and are not harvested from embryos, thus avoiding the ethical debates associated with embryonic stem cells. Like other stem cells, they hold the immense promise of transforming into various types of human tissue cells and potentially representing highly effective treatments for serious illnesses.
Report Highlights
- Advances in genetics such as NGS technologies have promoted the progress of precision medicine, where the availability of iPSCs from a variety of genetic, lifestyle and environment backgrounds will help make precision healthcare a clinical reality.
- As of December of 2019, several iPSCs clinical trials have launched or have planned to launch soon. These clinical trials have covered various diseases—ischemic heart disease, Parkinson’s Disease, spinal cord injuries, cornea repair and some advanced solid tumors.
- Cellular reprogramming, including iPSC technology, was awarded the 2012 Nobel Prize.
Read the full report here: https://www.bccresearch.com/market-research/biotechnology/induced-pluripotent-stem-cells-report.html
“As a breakthrough technology recognized by the Nobel Prize in Physiology or Medicine 2012, iPSCs technology has brought a revolutionary change to modern medicine,” write BCC Research analysts. “iPSC-related products are forming an emerging market despite the fact that clinical applications are still at their early stage. The potential scope of the iPSC market is becoming clear.”
About BCC Research
BCC Research publishes market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering current and emerging industrial and technology sectors. For more information about BCC Research, visit bccresearch.com.
Press Release Service
by
Newswire.com
Original Source:
Stem Cells Without Ethical Implications Are Ready for the Spotlight
