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Cellular reprogramming is a method of converting mature, specialized cells into induced pluripotent stem cells, also known as iPS cells. These tools used for cellular reprogramming hold great potential for tissue regeneration and repair, to replace lost cells due to injuries or diseases. Growing demand for personalized medicines and the increasing clinical studies for the use of induced pluripotent stem cells (iPSCs) in drug discovery and development are the key factors contributing to the growth of the cellular reprogramming tools market.
Furthermore, pharmaceutical industries are heavily investing in developing an iPSC approach to generate effective cell sources to enable drug screening and toxicity assessment, which is expected to increase the demand for the cellular reprogramming tools market.
However, the high cost of investment in research and development activities and more stringent restrictions for product approvals are factors expected to hamper the market's growth to a certain extent.
The cellular reprogramming tools market witnessed a positive impact in 2020 during the COVID-19 pandemic due to increased demand for reprogramming methods for producing personalized medicines.
iPSCs are an effective resource for creating normal, relevant cell types for SARS-CoV2. Moreover, researchers are engaged in the development of novel medications and treatments to fight against the pandemic.
Furthermore, the increasing investments from private players and the government in this space are anticipated to impact the market's growth in the near future significantly.
The report will cover the following key insights:
Based on type, the RNA reprogramming segment accounted for a significant proportion of the global cellular reprogramming tools market in 2022. RNA reprogramming type generates the highest quality human iPS cell lines from somatic tissue. The technology is easy to use and provides a reprogramming efficiency of better than 1% compared to other types. The growth of the segment was mainly attributed to the constant innovation and the development of RNA reprogramming kits to provide a more effective way to reprogram patient samples.
Furthermore, the increasing application of RNA reprogramming in disease modeling, drug screening, cell transplantation therapies, and regenerative medicines is projected to drive the growth of this segment over the forecast period.
Moreover, due to the higher patient adoption rate, the Sendai virus-based reprogramming segment is projected to grow at a significant CAGR over the forecast period. In addition, Sendai virus-based reprogramming method is widely used in clinical studies of gene therapy and vaccine delivery. Thus, influencing the segmental growth over the forecast period.
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North America dominated the cellular reprogramming tools market in 2022 and is projected to maintain its position over the forecast period. The growth is mainly attributed to the ongoing technological advancements in iPSC and an increasing number of manufacturing facilities for cell therapy in the U.S.
In addition, factors such as high throughput drug toxicity analysis, expanding knowledge of iPSC platform, and the rising level of research and development are influencing the growth of the market in North America.
The market for cellular reprogramming tools in Asia Pacific is expected to grow significantly over the forecast period. The growth is mainly attributed to the increased adoption of cell reprogramming technologies in the region. In addition, expanding the medical development framework and better healthcare infrastructure in emerging economies such as Australia and India is projected to create lucrative growth opportunities for the market in the region.
The report will include the profiles of key players such as Thermo Fisher Scientific, Alstem, Inc., Amerigo Scientific, STEMCELL Technologies, Merck KGaA, Creative Bioarray, REPROCELL Inc., ESI BIO, BioVision Inc., Allele Biotech, and others.
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