Stem Cell Assay

Stem Cell Assay

Global Stem Cell Assays Market to Reach $4.1 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Stem Cell Assays estimated at US$1.3 Billion in the year 2020, is projected to reach a revised size of US$4.1 Billion by 2027, growing at a CAGR of 17.7% over the analysis period 2020-2027. Instruments, one of the segments analyzed in the report, is projected to record a 18.2% CAGR and reach US$3.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Kits segment is readjusted to a revised 17.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $380.1 Million, While China is Forecast to Grow at 16.7% CAGR

The Stem Cell Assays market in the U.S. is estimated at US$380.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$704.3 Million by the year 2027 trailing a CAGR of 16.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.2% and 15.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.7% CAGR.

Services Segment to Record 13.8% CAGR

In the global Services segment, USA, Canada, Japan, China and Europe will drive the 13.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$114.7 Million in the year 2020 will reach a projected size of US$280.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 44 Featured) -

• Bio-Rad Laboratories, Inc.
• Bio-Techne Corporation
• Cell Biolabs, Inc.
• Cellular Dynamics International
• GE Healthcare
• HemoGenix, Inc.
• Merck & Co., Inc.
• Miltenyi Biotec GmbH
• PerkinElmer, Inc.
• Promega Corporation
• Stemcell Technologies Canada, Inc.
• Thermo Fisher Scientific, Inc.

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