PressPort logo
https://www.pressport.com/us/news/pressreleases/stem-cell-research-market-outlook-liberal-regulatory-framework-for-research-is-fuelling-growth-18424

Stem Cell Research Market Outlook – Liberal regulatory framework for research is fuelling growth

Press release July 16, 2014

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.

For further insights,

Visit: Stem Cell Research Market Outlook – Liberal regulatory framework for research is fuelling growth

About Research on Global Markets

Research on Global Markets is a leading source for market research on various sectors globally, offering premium research content from worldwide publishers of market research reports. Our database hosts premium market research content developed by global publishers. It offers premium industry research reports, company profiles and country briefs. We have a dedicated team of research professionals who can facilitate, in an unbiased manner, the process of identifying appropriate market research reports that are targeted to fulfill all your information-related requirements.

For more details on the content of each report and ordering information please contact:

Email: customerservice@researchonglobalmarkets.com

US: +1 800 986 6819

UK: +44 203 514 2363

India: +91 22 4098 7600

SOURCE: Researchonindia.com

Subjects


Stem cell research report,stem cell research market,stem cell research industry