Global Neural Stem & Progenitor Cell Products Market: Overview
The mechanism by which neurons are created through progenitor cells or neural stem cells is known as neurogenesis. During prenatal development, neurogenesis is active and is accountable for populating the brain with neurons. Hormones such as testosterone mainly influence the rate of neurogenesis mechanism. Neural stem and progenitor cells have enough capability to carefully perform pharmacology assessment for drugs designed to impact brain physiology or function. Neural stem cells also show potential in killing numerous cancers and gliomas.
Based on application, the global neural stem and progenitor stem cells market can be segmented into personalized medicines, neural tissue engineering, neurotoxicity testing, drug target validation and testing, cellular therapies for the treatment of central nervous system conditions, and others. In terms of end user, the market can be classified into private labs, commercial labs, government laboratories, and academic labs.
The report provides a comprehensive analysis of the global neural stem and progenitor cell products market. It does so by providing valuable insights into numerous important parameters of the market including its dynamics, technological developments, geographical landscape, and competitive landscape.
Global Neural Stem & Progenitor Cell Products Market: Trends and Prospects
Since brain disorders are more likely to affect people of old age, the global neural stem and progenitor cell products market will grow mainly due to increased pool of geriatric population. According to the World Health Organization (WHO), over 14.1% of the world population will be affected by neurological disorders by 2020. The report by the WHO is expected to further boost the market, luring product manufacturers. In addition, enhanced understanding of the nature of neurological diseases and heavy investment in R&D will supplement the growth of the said market.
Pharmaceuticals is a thriving sector in the global neural stem and progenitor stem cells market. Key pharmaceutical players have shown interest in neural stem cell product development due to their plasticity and ability to develop into the main phenotypes of the nervous system. Its limitless capacity for self-renewal also acts as a plus point. Development of new drugs is costly and bringing new drugs into the market is highly unpredictable, thus, there is mounting pressure on pharmaceutical companies to minimize late-stage product failures. This includes unexpected neurotoxic effects that ascend when candidate drugs enter the clinical testing stages.
Global Neural Stem & Progenitor Cell Products Market: Regional Analysis
The global neural stem and progenitor cell products market is geographically categorized into Europe, Asia Pacific, North America, and Rest of the World. Among the mentioned regions, North America is leading the pack due to the presence of major market players in this region and far-reaching technological advancements. It is expected to largely contribute to the market during the forecast period as well. Growing responsiveness among people about neurological conditions and rising government initiatives are projected to supplement the neural stem and progenitor cell products market in this region.
Asia Pacific is another lucrative market for neural stem and progenitor cell products. The market is expected to grow further over the said period owing to better infrastructure, improved healthcare facilities, and product expansion in the developing countries of Asia Pacific such as China, India, Malaysia, and Japan.
Companies Mentioned in the Report
Stem Cells Technologies, Life Technologies Corporation, EMD Millipore, Neural Stem, Lonza, NeuroGeneration, AlphaGenix, Inc., SA Biosciences, BD Biosciences, Thermo Fisher Scientific, and R&D Systems are the prominent players operating in the global neural stem and progenitor cell products market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.