Asia-pacific Stem Cell Market Forecast 2022-2030

Asia-pacific Stem Cell Market Forecast 2022-2030KEY FINDINGS

The Asia-Pacific stem cell market is predicted to register a CAGR of 9.16% over the forecasted years 2022 to 2030. Some of the top drivers strengthening the regional market’s growth include substantial investments in medical research and healthcare facilities, increasing medical tourism in emerging countries like China and India, and collaborations between Asian governments, private enterprises, and international health agencies.

MARKET INSIGHTS

The Asia-Pacific stem cell market growth assessment includes the analysis of Vietnam, Australia & New Zealand, South Korea, China, Japan, India, Thailand, Indonesia, and Rest of Asia Pacific. Stem cell research, as well as regenerative medicine, are emerging fields in South Korea, with primary government support acquired through the National Center for Stem Cell and Regenerative Medicine. Established in 2010, the Korea Stem Cell Registry (KSCR) focuses on the improvement of the human embryonic stem cell line’s credibility. By 2019, subsequently, several companies and research centers were established in the country.

In this regard, the National Stem Cell Bank of Korea was initiated with a core emphasis on pluripotent stem cell banking as well as the quality control and distribution of stem cells. Although bioethical issues restricted the growth of stem cell research in South Korea, in 2016, the Ministry of Health and Welfare offered conditional approval to Cha University, following which research based on somatic cell cloning embryos resumed. Hence, these factors are set to encourage the growth of the stem cell market in the Asia-Pacific during the forecast period.

COMPETITIVE INSIGHTS

Leading firms operating in the market are Takara Holdings Inc, Becton, Dickinson and Company, Qiagen NV, etc.

Our report offerings include:

• Explore key findings of the overall market

• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)

• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions

• Market Segmentation caters to a thorough assessment of key segments with their market estimations

• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share

• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.

• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.

• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments