The global Cancer Stem Cells Market size is expected to reach USD 1.6 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 9.98% during the forecast period. Although stem cell-based cancer treatment is facing regulatory and ethical challenges, the market is growing worldwide. With increasing awareness about these cells, there is steady growth in the R&D for the development of effective and novel treatment methods based on stem cells.
Furthermore, continuous rise has been observed in
the number of research studies on cancer stem cells (CSCs) being published.
These studies have helped healthcare professionals gain insights into CSCs
biology and their signaling pathways. This is expected to create tremendous
growth prospects for the market.
Furthermore, improvements in experimental
approaches, in particular, in vitro assay systems have enabled scientists to
establish relationship between different cell types in a tumor and their
microenvironment. This has led to development of a broad therapeutic portfolio
for CSCs and their associated key pathways for restricting growth of the tumor
and providing improved clinical outcome.
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Details of Report @ https://www.grandviewresearch.com/industry-analysis/cancer-stem-cells-market
Further key findings from the report suggest:
- The anti-CSC therapeutics segment accounted for a significant share
owing to increasing R&D activities for the development of novel
therapeutics
- Anti-CSCs therapeutics/agents include agents that target key
pathways, surface markers, immuno-evasion & tumor microenvironment,
along with nanoparticle-based therapies. As key pathways play a major role
in tumor regulation, pathway inhibitors captured the largest share owing
to the presence of a broad portfolio of products under pipeline
- With rising prevalence of bladder cancer, the segment is expected to
exhibit the highest CAGR of 10.47% during the forecast period
- North America held the largest share in 2016 owing to presence of a
large number of facilities in the U.S. that offer stem cell services
- Asia Pacific is likely to emerge as the fastest growing regional
market owing to increasing investments by various agencies to accelerate
research activities in Asian countries
- Some of the prominent players in the market are Thermo Fisher
Scientific, Inc.; AbbVie, Inc.; Merck KGaA; Bionomics; and Lonza.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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