Product Code: GVR-4-68040-116-1
Induced Pluripotent Stem Cells Market Growth & Trends:
The global induced pluripotent stem cells market size is expected to reach USD 3.09 billion by 2030 and is expected to expand at a CAGR of 10.61% from 2023 to 2030, according to a new report by Grand View Research, Inc.. The market for induced pluripotent stem cells (iPSC) is expanding quickly. The ability of induced pluripotent stem cells to generate any cell or tissue essential by the body to fight or combat illnesses such as leukemia, spinal cord injury, cardiovascular disease, and diabetes is the primary reason for their utilization.
Other factors driving market expansion include higher research funding, an increase in the number of genomics initiatives, and a surge in the application of genome engineering in personalized drugs. This has accelerated the adoption of iPSC, resulting in the market's profitable revenue growth. For instance, in October 2020, Axxam S.p.A. & FUJIFILM Cellular Dynamics, Inc. announced a strategic partnership to advance the drug discovery process. Through the use of the most cutting-edge drug discovery techniques to enable target evaluation, High-Throughput Screening (HTS), & High-Content Screening, the partnership will give drug development researchers along with scientists access to an integrative platform of hiPSC-based assays.
Investments in healthcare development and research have expanded significantly in recent years, and this trend is projected to have a significant impact on induced pluripotent stem cell demand over the forecast period. The expanding spectrum of human iPSC cell lines' applications in precision medicine and the growing emphasis on stem cell therapeutic applications are predicted to be important factors driving induced pluripotent stem cell market expansion. For instance, in March 2021, Sana Biotechnology, Inc. received authorization to use FUJIFILM Cellular Dynamics' iPSC platform for the creation of commercially available cell therapies, according to a joint statement from both companies. Cell therapies can improve, fix, or substitute human biology, including cells, tissues, and organs.
The rise in research activity during the COVID-19 pandemic also enhanced iPSC-based research. In addition, scientists' ongoing efforts to discover novel therapies and treatments to manage the SARS CoV-2 infection have increased the need for iPSCs as research tools. Furthermore, induced pluripotent stem cells can create organoids or organ models that are physiologically equivalent, thus they can be utilized to study the pathophysiology of viral infection in humans. Thus, propelling the industry growth.
Furthermore, the government and commercial sectors are expanding funding along with growing industry that focuses on various scientific activities linked to iPSCs, and people are becoming more aware of stem cells through various organizations. However, challenges such as the high cost of cell reprograming, ethical concerns, and lengthy processes are inhibiting the growth of the induced pluripotent stem cell industry to a certain extend Moreover, low efficiency, potential tumor risk, and insufficient programming are other concerns restricting the expansion of the iPSC market.
Induced Pluripotent Stem Cells Market Report highlights
- By derived cell type, the fibroblasts segment accounted for the largest share of 30.48% in 2022. The growing preference among healthcare professionals for fibroblast as potential treatments for skin problems are propelling the segment growth.
- By application, the drug developmentsegment accounted for the largest share of 49.09% in 2022. The prevalence of chronic diseases, sedentary lifestyle, and others increase the demand for personalized therapies, and the increasing interest of pharma & biotech companies to develop drugs with the help of iPS cells promotes the industry growth.
- By end-user, the pharmaceutical & biotechnology companies segment accounted for the largest share of 59.77% in 2022. This segment is projected to dominate the market since they make and develop various stem cell products & technology for various diseases employing induced pluripotent stem cells.
- North America held the larger share of 42.36% in 2022. This is mostly due to increased use of innovative systems and technologies in drug research, toxicity testing, and disease modeling, as well as the region's growing acceptance of stem cell therapies are the major reasons for driving the market.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.2.1. Information analysis
- 1.2.2. Market formulation & data visualization
- 1.2.3. Data validation & publishing
- 1.3. Research Assumptions
- 1.4. Information Procurement
- 1.5. Information or Data Analysis
- 1.6. Market Formulation & Validation
- 1.7. Market Model
- 1.8. Europe Market: CAGR Calculation
- 1.9. Objectives
- 1.9.1. Objective 1
- 1.9.2. Objective 2
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related/Ancillary Market Outlook
- 3.2. Market Trends and Outlook
- 3.3. Market Dynamics
- 3.3.1. Increase in research and development activities in stem cells therapies
- 3.3.2. Surge in adoption of personalized medicine
- 3.4. Market Restraint Analysis
- 3.4.1. Lack of awareness regarding stem cell therapies
- 3.4.2. High cost of treatment
- 3.5. Business Environment Analysis
- 3.5.1. PESTEL Analysis
- 3.5.2. Porter's Five Forces Analysis
- 3.5.3. COVID-19 Impact Analysis
Chapter 4. Derived Cell Type Business Analysis
- 4.1. Global induced pluripotent stem cells market: Derived Cell Type Movement Analysis
- 4.2. Hepatocytes
- 4.2.1. Hepatocytes Market, 2018 - 2030 (USD Million)
- 4.3. Fibroblasts
- 4.3.1. Fibroblasts Market, 2018 - 2030 (USD Million)
- 4.4. Keratinocytes
- 4.4.1. Keratinocytes Market, 2018 - 2030 (USD Million)
- 4.5. Amniotic Cells
- 4.5.1. Amniotic Cells Market, 2018 - 2030 (USD Million)
- 4.6. Others
- 4.6.1. Others Market, 2018 - 2030 (USD Million)
Chapter 5. Application Business Analysis
- 5.1. Global induced pluripotent stem cells market: Application Movement Analysis
- 5.2. Drug Development
- 5.2.1. Drug Development Market, 2018 - 2030 (USD Million)
- 5.3. Tissue Engineering & Regenerative Medicine
- 5.3.1. Tissue Engineering & Regenerative Medicine Market, 2018 - 2030 (USD Million)
- 5.3.2. Neurology
- 5.3.2.1. Neurology Market, 2018 - 2030 (USD Million)
- 5.3.3. Orthopedics
- 5.3.3.1. Orthopedics Market, 2018 - 2030 (USD Million)
- 5.3.4. Oncology
- 5.3.4.1. Oncology Market, 2018 - 2030 (USD Million)
- 5.3.5. Cardiovascular and Myocardial Infraction
- 5.3.5.1. Cardiovascular and Myocardial Infraction Market, 2018 - 2030 (USD Million)
- 5.3.6. Diabetes
- 5.3.6.1. Diabetes Market, 2018 - 2030 (USD Million)
- 5.3.7. Others
- 5.3.7.1. Others Market, 2018 - 2030 (USD Million)
- 5.4. Toxicology Research
- 5.4.1. Toxicology Research Market, 2018 - 2030 (USD Million)
- 5.5. Disease Modeling
- 5.5.1. Disease Modeling Market, 2018 - 2030 (USD Million)
Chapter 6. End-User Business Analysis
- 6.1. Global induced pluripotent stem cells market: End-User Movement Analysis
- 6.2. Academic & Research Institutes
- 6.2.1. Academic & Research Institutes Market, 2018 - 2030 (USD Million)
- 6.3. Pharmaceutical & Biotechnology Companies
- 6.3.1. Pharmaceutical & Biotechnology Companies Market, 2018 - 2030 (USD Million)
- 6.4. Others
- 6.4.1. Others Market, 2018 - 2030 (USD Million)
Chapter 7. Regional Business Analysis
- 7.1. Global Induced Pluripotent Stem Cells Market Share By Region, 2022 & 2030
- 7.2. North America
- 7.2.1. North America induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Key Country Dynamics
- 7.2.2.2. Competitive Scenario
- 7.2.2.3. Regulatory Framework
- 7.2.2.4. Target Disease Prevalence
- 7.2.2.5. U.S. induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Key Country Dynamics
- 7.2.3.2. Competitive Scenario
- 7.2.3.3. Regulatory Framework
- 7.2.3.4. Target Disease Prevalence
- 7.2.3.5. Canada induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Induced Pluripotent Stem Cells Market, 2018 - 2030 (USD Million)
- 7.3.2. Germany
- 7.3.2.1. Key Country Dynamics
- 7.3.2.2. Competitive Scenario
- 7.3.2.3. Regulatory Framework
- 7.3.2.4. Target Disease Prevalence
- 7.3.2.5. Germany induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.3.3. UK
- 7.3.3.1. Key Country Dynamics
- 7.3.3.2. Competitive Scenario
- 7.3.3.3. Regulatory Framework
- 7.3.3.4. Target Disease Prevalence
- 7.3.3.5. UK induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. Key Country Dynamics
- 7.3.4.2. Competitive Scenario
- 7.3.4.3. Regulatory Framework
- 7.3.4.4. Target Disease Prevalence
- 7.3.4.5. France induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Key Country Dynamics
- 7.3.5.2. Competitive Scenario
- 7.3.5.3. Regulatory Framework
- 7.3.5.4. Target Disease Prevalence
- 7.3.5.5. Italy induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Key Country Dynamics
- 7.3.6.2. Competitive Scenario
- 7.3.6.3. Regulatory Framework
- 7.3.6.4. Target Disease Prevalence
- 7.3.6.5. Spain induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.3.7. Denmark
- 7.3.7.1. Key Country Dynamics
- 7.3.7.2. Competitive Scenario
- 7.3.7.3. Regulatory Framework
- 7.3.7.4. Target Disease Prevalence
- 7.3.7.5. Denmark induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.3.8. Sweden
- 7.3.8.1. Key Country Dynamics
- 7.3.8.2. Competitive Scenario
- 7.3.8.3. Regulatory Framework
- 7.3.8.4. Target Disease Prevalence
- 7.3.8.5. Sweden induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.3.9. Norway
- 7.3.9.1. Key Country Dynamics
- 7.3.9.2. Competitive Scenario
- 7.3.9.3. Regulatory Framework
- 7.3.9.4. Target Disease Prevalence
- 7.3.9.5. Norway induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.4.2. Japan
- 7.4.2.1. Key Country Dynamics
- 7.4.2.2. Competitive Scenario
- 7.4.2.3. Regulatory Framework
- 7.4.2.4. Target Disease Prevalence
- 7.4.2.5. Japan induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.4.3. China
- 7.4.3.1. Key Country Dynamics
- 7.4.3.2. Competitive Scenario
- 7.4.3.3. Regulatory Framework
- 7.4.3.4. Target Disease Prevalence
- 7.4.3.5. China induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. Key Country Dynamics
- 7.4.4.2. Competitive Scenario
- 7.4.4.3. Regulatory Framework
- 7.4.4.4. Target Disease Prevalence
- 7.4.4.5. India induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. Key Country Dynamics
- 7.4.5.2. Competitive Scenario
- 7.4.5.3. Regulatory Framework
- 7.4.5.4. Target Disease Prevalence
- 7.4.5.5. South Korea induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.4.6. Australia
- 7.4.6.1. Key Country Dynamics
- 7.4.6.2. Competitive Scenario
- 7.4.6.3. Regulatory Framework
- 7.4.6.4. Target Disease Prevalence
- 7.4.6.5. Australia induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.4.7. Thailand
- 7.4.7.1. Key Country Dynamics
- 7.4.7.2. Competitive Scenario
- 7.4.7.3. Regulatory Framework
- 7.4.7.4. Target Disease Prevalence
- 7.4.7.5. Thailand induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Key Country Dynamics
- 7.5.2.2. Competitive Scenario
- 7.5.2.3. Regulatory Framework
- 7.5.2.4. Target Disease Prevalence
- 7.5.2.5. Brazil induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.5.3. Mexico
- 7.5.3.1. Key Country Dynamics
- 7.5.3.2. Competitive Scenario
- 7.5.3.3. Regulatory Framework
- 7.5.3.4. Target Disease Prevalence
- 7.5.3.5. Mexico induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.5.4. Argentina
- 7.5.4.1. Key Country Dynamics
- 7.5.4.2. Competitive Scenario
- 7.5.4.3. Regulatory Framework
- 7.5.4.4. Target Disease Prevalence
- 7.5.4.5. Argentina induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.6. MEA
- 7.6.1. MEA induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.6.2. South Africa
- 7.6.2.1. Key Country Dynamics
- 7.6.2.2. Competitive Scenario
- 7.6.2.3. Regulatory Framework
- 7.6.2.4. Target Disease Prevalence
- 7.6.2.5. South Africa induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Key Country Dynamics
- 7.6.3.2. Competitive Scenario
- 7.6.3.3. Regulatory Framework
- 7.6.3.4. Target Disease Prevalence
- 7.6.3.5. Saudi Arabia induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.6.4. UAE
- 7.6.4.1. Key Country Dynamics
- 7.6.4.2. Competitive Scenario
- 7.6.4.3. Regulatory Framework
- 7.6.4.4. Target Disease Prevalence
- 7.6.4.5. UAE induced pluripotent stem cells market, 2018 - 2030 (USD Million)
- 7.6.5. Kuwait
- 7.6.5.1. Key Country Dynamics
- 7.6.5.2. Competitive Scenario
- 7.6.5.3. Regulatory Framework
- 7.6.5.4. Target Disease Prevalence
- 7.6.5.5. Kuwait induced pluripotent stem cells market, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Company Categorization
- 8.2. Strategy Mapping
- 8.3. Company Market Share Analysis, 2022
- 8.4. Company Profiles/Listing
- 8.4.1. STEMCELL Technologies Inc.
- 8.4.1.1. Overview
- 8.4.1.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Strategic Initiatives
- 8.4.2. Cellular Engineering Technologies Inc.
- 8.4.2.1. Overview
- 8.4.2.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Strategic Initiatives
- 8.4.3. REPROCELL Inc.
- 8.4.3.1. Overview
- 8.4.3.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Strategic Initiatives
- 8.4.4. Takara Bio, Inc.
- 8.4.4.1. Overview
- 8.4.4.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Strategic Initiatives
- 8.4.5. Axol Bioscience Ltd.
- 8.4.5.1. Overview
- 8.4.5.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Strategic Initiatives
- 8.4.6. Fate Therapeutics, Inc.
- 8.4.6.1. Overview
- 8.4.6.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Strategic Initiatives
- 8.4.7. FUJIFILM Corporation (FUJIFILM Cellular Dynamics, Inc.)
- 8.4.7.1. Overview
- 8.4.7.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Strategic Initiatives
- 8.4.8. Cynata Therapeutics Limited
- 8.4.8.1. Overview
- 8.4.8.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Strategic Initiatives
- 8.4.9. Evotec SE
- 8.4.9.1. Overview
- 8.4.9.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Strategic Initiatives
- 8.4.10. Astellas Pharma Inc.
- 8.4.10.1. Overview
- 8.4.10.2. Financial Performance (Net Revenue/Sales/EBITDA/Gross Profit)
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Strategic Initiatives