Stem Cell Possibilities Energize the Market: Potential of Field Provides Range of Opportunities for Therapeutic and Tool Firms

摘要

Stem cells are the biological building blocks that form other cells in the body. Because of their universality and ability to replace or repair damaged tissue, the therapeutic benefits are thought to be limitless. This emerging market should provide plenty of opportunities for producers of unique equipment and services that facilitate development of stem cell treatments. The stem cell market is divided into three segments—cell-based treatments, umbilical cord blood banking, and the use of stem cellsto evaluate the safety of drugs developed by other methods. According to Eldib Engineering & Research, these segments, which had combined U.S. sales revenue of 303 million dollar in 2008 will grow to 2.3 billion dollar by 2012. This growth will continue and reach a projected 8.5 billion dollar in 2016.