Due to the contribution of cord blood banking, the US stem cell market is expected to register a CAGR of around 69% during 2010 - 2012, RNCOS identified. http://www.sbwire.com/press-releases/sbwire-70249.htm Noida, UP -- (SBWIRE) -- 12/22/2010 -- The market for stem cells is constantly evolving, with researches going on to exploit the true potential of the market worldwide. The US is the major market for stem cell therapy as it has some key advantages over other countries. According to our research report “US Stem Cell Market Analysis”, the market is projected to grow at a CAGR of around 69% during 2010-2012. One of the major factors that contribute to the growth of the stem cell therapy market in the US is cord blood banking market. The cord blood banking is one of the upcoming segments in the stem cell market across the world.
The US is the major market for cord blood banking. The market is expanding on the back of growing awareness of stem cell storage and various developments taking place in the global stem cell market. This favorable publicity is expected to further accelerate the growth of the market, although the problems in practical applications of stem cells will loom large. We have also discussed other factors that are driving growth in the US stem cell market.
Our team of industry experts has found that the restrictions imposed by the Bush Administration eight years back on the federal funding of embryonic stem cells research had had negative impact on the US embryonic stem cell product market. But, the Obama Administration has lifted up the restrictions and opened up new growth avenues. The report presents comprehensive information in this regard. At the technological front, this report studies the stem cells market as therapeutic banking and cellular therapeutics.
Our research report provides quantitative as well as qualitative description of the US stem cell industry, including market forecasts based on past drivers, challenges, and opportunities for expansion. The report also provides information about the key players along with their business information as well as their strength and weakness analysis. Overall, the report is aimed at offering clients a strategic insight into the concerned industry so that they can better check out the opportunities, which they can leverage to become the market leader.
About RNCOS RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
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