Table of Contents
Realizing the potential of stem cells, the stem cell industry has been gaining ground in India over the past few years. Although, the market is still in a very nascent stage as compared to developed economies, like the US and Europe, it is expected to grow rapidly in the coming years. The stem cell market in India is mainly concentrated with companies offering stem cell banking facilities, and a very few players are involved in the commercialization of stem cell based products.
With intensive R&D efforts and increasing investments from both government and private organizations in stem cell research, stem cell therapy is expected to emerge as the new elixir for the treatment of various degenerative diseases. Moreover, the liberal regulations governing the stem cell market in India can be an important factor for attracting an increasing number of organizations to invest, create and commercialize promising technologies, thus driving further growth in the market.
According to our research report, “Opportunities in Indian Stem Cell Market”, India has the potential to become one of the fastest growing stem cell markets in the world, mainly owing to Stem Cell Banking segment, which is anticipated to grow at a CAGR of around 50% during 2014-2020. With a large number of clinical trials underway, the field of stem cell biology is likely to move towards translational research, and eventually to clinical practice in India.
Our report has been authored to evaluate the Indian Stem Cell Market in terms of Stem Cell Banking and Stem Cell Research, so as to identify the market potential and future growth opportunities. It provides extensive research and analysis of the drivers responsible for the growth of this market, as well as the challenges being faced by the industry.
The report also provides an insight into the recent developments that have taken place in the industry. With special emphasis on the competitive landscape and dominant players in the market, the research provides valuable information highlighting the opportunities and potentials in the nascent Indian stem cell market.
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