Stem Cell Research Market in India 2014 analyses how stem cell therapy is gaining importance in India as consumers realize the various benefits it offers.
Stem cells can be used to cure a number of diseases, including cancer and several other neurological disorders such as Parkinson’s disease etc. Alongside regular patients, there recently has also been a surge of parents opting for stem cell storage, in order to store their baby’s cord blood stem cells for present and future use. The stem cells market in India has thus been growing steadily and is expected to continue to rise. Currently, the market is dominated by private banks offering stem cell storage facilities, with a few of them even reducing their prices in order to make the process more affordable for a larger number of people. The growth prospect of this market coupled with the benefits from stem cell therapy are drawing investors and organizations to create and commercialize better technologies to sustain the market.
This research report: Stem Cell Research Market in India 2014 analyses how stem cell therapy is gaining importance in India as consumers realize the various benefits it offers. The report presents a detailed overview of the current market conditions, citing the market drivers and trends, while simultaneously analyzing the challenges and the scope of this market.
The liberal regulatory environment in India along with the substantial rise in the number of patients suffering from chronic diseases have been essential factors that have contributed to the steady growth rate of the market. Government and industry bodies are now working towards developing the market by providing various incentives in this direction, to encourage more investment in this sector. With stem cell research being a capital-intensive process, the primary challenge for the market centers around the exorbitant costs of storing stem cells. Apart from research organizations, many stem cell banks are also involved in R&D of stem cell therapy in India, thereby contributing to the market growth. Industry experts believe that new trends such as public and private partnerships and EMI schemes offered by stem cell banks can prove to be crucial driving factors for this market in the future.
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