Advanced Technology To Define Growth For Induced Pluripotent Stem Cells Market In The Next Decade

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Induced Pluripotent Stem Cells Market
Report Id PMRREP17968 Category Life Science
Healthcare
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Advanced Technology To Define Growth For Induced
Pluripotent Stem Cells Market In The Next Decade

• The healthcare industry has been focusing on
  excessive research and development in the last
  couple of decades to ensure that the need to
  address issues related to the availability of
  drugs and treatments for certain chronic diseases
  is effectively met. Healthcare researchers and
  scientists at the Li Ka Shing Faculty of Medicine
  of the Hong Kong University have successfully
  demonstrated the utilization of human induced
  pluripotent stem cells or hiPSCs from the skin
  cells of the patient for testing therapeutic
  drugs.
• A new report by Persistence Market Research (PMR)
  states that the global induced pluripotent stem
  or iPS cell market is expected to witness a
  strong CAGR of 7.0 from 2018 to 2026. In 2017,
  the market was worth US 1,254.0 Mn and is
  expected to reach US 2,299.5 Mn by the end of
  the forecast period in 2026.

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Customization to be the Key Focus of Market
Players
Due to the evolving needs of the research
community, the demand for specialized cell lines
have increased to a certain point where most
vendors offering these products cannot depend
solely on sales from catalog products. The
quality of the products and lead time can
determine the choices while requesting custom
solutions at the same time. Companies usually
focus on establishing a strong distribution
network for enabling products to reach customers
from the manufacturing units in a short time
period. Several leading players have their
presence in the global market however, many
specialized products and services are provided by
small and regional vendors. By targeting their
marketing strategies towards research institutes
and small biotechnology companies, these new
players have swiftly established their presence
in the market.
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