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(Medical-NewsWire.com, October 16, 2017 ) The Latin America Stem Cell Assay Market was worth USD 64.96 Million in 2016 and is estimated to be growing at a CAGR of 20.1%, to reach USD 162.31 Million by 2021. With the increase in new developments in the research on stem cells such as stem cell plasticity, controversies are also increasing. The research on stem cells is required to be guided by a specific set of guidelines and definitions and hence the use of stem cell assays is increasing rapidly.
There are numerous stem cell assays available in the market and the can be used to assess the potency of stem cells. Also, to justify the functionality of stem cells, more than one assay has to be used on a single batch of stem cells. Stem cells have many uses for humans. For instance, Stem cells obtained from adult blood and bone marrow can be used to treat blood diseases like leukemia.
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Rising expenditure on stem cell research to develop advanced therapies, Increase in aging population and chronic diseases are the major factors driving the stem cell assay market. Application of stem cells in drug testing by using drugs on tissues produced from stem cells is also expected to drive the market. Enormous costs related to the use of stem cell therapy as well as conducting research are restricting the market.
The Latin America stem cell assay market is segmented based on assay type, technology, kits, product, application, end user and region. Based on the assay type, the market is categorized into Cell Viability & Toxicity Assays, Purification Assays, Differentiation assays, function assays, Identification assays, proliferation assays and cell apoptosis assays. The cell viability and toxicity assay is projected to hold the largest market share due to increase in focus on drug testing using stem cells. Based on kits, the market is categorized into Adult stem cell kits and human embryonic stem cell kits. Adult stem cells kits are again segmented into Induced Pluripotent Stem Cell Kits, Mesenchymal Stem Cell Kits, Hematopoietic Stem Cell Kits, Umbilical Cord Stem Cells and Neuronal Stem Cells Kits. Due to the high effectiveness in the analysis of stem cells, adult stem cell kits segment is rapidly growing. Based on product, the market is categorized into Instruments and Detection kits. Instruments are further categorized into Flow cytometer, Cell imaging systems, Micro electrode arrays and automated cell counter. Detection kits include immune histochemistry kits. Flow cytometer is the fastest growing segment due to the rise in demand for tissue analysis and application of cytometers in cancer detection. Based on application, the market is categorized into Regenerative Medicine & Therapy Development, Drug Discovery and Development and clinical research. Regenerative medicine segment is again categorized into Dermatology, Cardiovascular, Orthopedic & Musculoskeletal Spine, Oncology, Central Nervous System and diabetes. Due to the increase in prevalence of chronic diseases, the demand for regenerative medicine has increased attributing to its largest market share. Based on the end users, the market is categorized into research institutes and industry research.
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Latin America stem cell assay market is geographically segmented into Brazil, Argentina, Mexico and rest of South America. Developing countries like Brazil and Argentina with huge patient base provides a lot of opportunities for the expansion of companies in this region.
Major players in the stem cell assay market are Cellular Dynamics International Inc., Merck KGaA, Promega Corporation, Bio-Techne Corporation, Thermo Fisher Scientific Inc., STEMCELL Technologies Inc., Hemogenix, GE Healthcare, Bio-Rad Laboratories, Inc., and Cell Biolabs Inc.
Market Segmentation
1)Introduction
Cell Viability & Toxicity Assays
Cell Identification Assays
Cell Differentiation Assays
Isolation/Purification Assays
Cell Proliferation Assays
Cell Apoptosis Assays
Cell Function Assays
Y-o-Y Growth Analysis, By Assay Type
Market Attractiveness Analysis, By Assay Type
Market Share Analysis, By Assay Type
2)Technology
Introduction
Technology Roadmap
Micro Fabricated Assisted Technology
Microfluidics Based Cell Trap Technologies
Technology in Development
Y-o-Y Growth Analysis, By Technology
Market Attractiveness Analysis, By Technology
Market Share Analysis, By Technology
3)Kits
Introduction
Adult Stem Cell Kits
Induced Pluripotent Stem Cell Kits
Mesenchymal Stem Cell Kits
Neuronal Stem Cells Kits
Umbilical Cord Stem Cells
Hematopoietic Stem Cell Kits
Human Embryonic Stem Cells Kits
Y-o-Y Growth Analysis, By Kits
Market Attractiveness Analysis, By Kits
Market Share Analysis, By Kits
4)Product
Introduction
Instruments
Micro Electrode Arrays
Cell Imaging Systems
Automated Cell Counter
Flow Cytometer
Detection Kits
Immuno Histochemistry Kits
Y-o-Y Growth Analysis, By Product
Market Attractiveness Analysis, By Product
Market Share Analysis, By Product
5)Application
Introduction
Regenerative Medicine & Therapy Development
Orthopedic & Musculoskeletal Spine
Central Nervous System
Dermatology
Cardiovascular
Diabetes
Oncology
Others
Drug Discovery and Development
Clinical Research
End User
Introduction
Research Institutes
Industry Research
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Scope of the report :
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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