Lucintel’s latest market report analyzed that stem cell assay provides attractive opportunities in biopharmaceutical & biotechnology companies and academic & research institutes. The stem cell assay market is expected to reach $4.0 billion by 2028 with a CAGR of 19.1%. In this market, viability/cytotoxicity assay is the largest segment by type, whereas biopharmaceutical & biotechnology companies is largest by end use industry.
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Based on type, the stem cell assay market is segmented into viability or cytotoxicity, isolation and purification, cell identification, and others. The viability/cytotoxicity assay segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing adoption of assays in toxicology and pharmacology application as it helps in determining the number of live and dead cells in a growth medium.
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The Stem cell assay Market is marked by the presence of several big and small players. Some of the prominent players offering stem cell assay include Thermo Fisher Scientific, Merck KGaA, Danaher, Becton, Dickinson and Company, Agilent Technologies, Bio-Techne Corporation, Lonza Group, PerkinElmer, Cell Biolabs, and Bio-Rad Laboratories.
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