Albany, New York (PRWEB) August 02, 2013  
    According to a new market report published by Transparency    Market Research "Stem Cells Market (Adult, Human Embryonic ,    Induced Pluripotent, Rat-Neural, Umbilical Cord, Cell    Production, Cell Acquisition, Expansion, Sub-Culture)- Global    Industry Analysis, Size, Share, Growth, Trends and Forecast,    2012 - 2018," the market for stem cells was valued at USD 26.23    billion in 2011 and is expected to reach an estimated value of    USD 119.51 billion in 2018, growing at a CAGR of 24.2% from    2012 to 2018.  
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    The market growth is majorly attributed to therapeutic research    activities led by government support worldwide owing to the    growing number of patients with chronic diseases across the    globe. In addition, rising awareness of regenerative treatment    options and growing importance of stem cell banking services    are also fostering the growth of the market. Apart from these,    development of medical tourism hubs in developing nations such    as India and China and in turn migration of patients from    developed nations such as the U.S., and Europe for quality    treatment at significantly lower prices will also serve the    market as a driver especially for the Asian stem cells market.  
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    Stem cells market will be    driven by rising proportion of patients with neurological and    other chronic conditions and rising disposable incomes of    patients induced by economic growth of Asian regions in the    next five years In addition, increasing dependence on stem    cells for drug discovery and screening will boost the growth of    the market in future. Increased outsourcing of contract    research and clinical trials to developing Asian regions will    further encourage growth of the stem cells market.  
    Adult stem cells held majority share of the overall stem cells    market in 2011 at over 80%. This is due to less laborious    procedure of harvesting, and less probability of contamination    during expansion and sub-culture of adult stem cells. However,    fewer post-transplant complications and lesser risk of graft    vs. host reaction from the recently introduced induced    pluripotent stem cells will lead to its rapid inclusion in    research activities and help the global induced pluripotent    stem cells market to grow at a relatively faster CAGR during    the forecast period.  
    Browse the full report with TOC at http://www.transparencymarketresearch.com/stem-cells-market.html.  
    Regenerative medicine dominated the stem cells market by    applications in 2011, and is expected to maintain its leading    position till 2018. Considerable research activities and the    resultant developed therapies in neurology will drive the stem    cells market in the forecast period.  
    North America was the market leader of the total stem cells    market in 2011 and is expected to maintain its leading position    till 2018. North American market is a center for stem cells    research owing to greater support offered by federal    government, and higher affordability of treatment in the    region.  
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Stem Cells Market Research Report Published by Transparency Market Research