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(HomeGarden247.com, June 12, 2018 ) Stem cells are kind of a research tool, as their application in vitro study would permit scientists to grasp in depth knowledge concerning the role of varied organs and the development of specific illnesses; stem cells can also probably permit drug developers to check emerging therapies on diseased cells. Stem cells therapy has shown substantial potential to treat cancer with improved success. Cancer stem cells that have been tested on animals have shown satisfactory results.
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North America Stem Cells Market was valued at USD 3,640.0 million in 2016 and is calculated to achieve USD 7,205.8 million by the end of 2022 with a CAGR of 12.45%. Development of infrastructure for stem cell banking and processing have been fueling the expansion of the North America stem cell market.
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Drivers and Restraints:
Factors like the growing awareness involving the therapeutic potential of stem cells in disease management and development of advanced genome-based cell analysis techniques act as the most significant factors behind the expansion of the market. The increasing public-private investments for stem cell analysis and identification of modern stem cell lines are also the important factors fueling the market growth.
Since cellular therapies are regarded as the next major step in transforming healthcare, corporations are increasing their cellular therapy portfolio to incorporate a variety of ailments like Parkinson's disease and Alzheimer's disease. Breakthrough innovations brought about in this field are the limitless supply of induced pluripotent stem cells (iPSCs) and efforts for regeneration of dying or unhealthy cells and tissues.
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On the premise of geography, the North America market is examined under numerous regions like the U.S. and Canada. As of now, North America region dominates the worldwide stem cells market. The use of stem cells is high in North America since it has a highly developed healthcare system.
The leading corporations in the present regional market include Athersys, StemCells Inc., Cryo Cell International, Geron Corporation, Mesoblast Ltd., Aastrom Biosciences Inc., Celgene Corporation, Invitrogen and Cytori Therapeutics Inc.
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