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The advancements in technologies and growing research and development investments, and research initiatives are expected to generate new opportunities for the human embryonic stem cell market. Controlled differentiation that can be achieved in tissue committed cells through the co-culturing with basic fibroblast growth factor is expected to induce growth. North America dominates the human embryonic stem cell market due to the presence of a major number of players and the high incidence of diseases such as diabetes, heart disease, renal failure, and osteoporosis within the region. The rising prevalence of cardiac and malignant diseases around the world is expected to have a significant impact on demand, accelerating the market's growth. To boost the pace of stem cell research, the government is providing funding opportunities to researchers.
Rising investment in the industry is likely to aid the growth of the industry further in the coming years. The growth can be attributed to the increasing public-private funding and research grants for developing safe and effective stem cell therapy products and the growing number of clinical trials. For example, in July 2021, Astellas Pharma Inc. (OTCMKTS: ALPMY) announced a worldwide strategic collaboration and license agreement for the research, development, and commercialisation of novel cell therapy programs for diseases caused by mitochondrial dysfunction. This will augment the growth of the market as the availability of facilities will increase as a result of increased investment in the R&D sector of the market.
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The major players in the Astellas Pharma Inc, Stemcell Technologies Inc., Biotime, INC, and Thermo Fisher Scientific, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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