Cell culture entails extracting cells from a plant or animal and studying the former in an external artificial environment for the purpose of further research and analysis. The applications of cell culture have subsequently led to an expansion of the global market for cell culture protein surface coating. Researchers rely heavily on the use of cell culture protein surface coating because essentially because it promotes better adhesion and leads to greater productivity in cell culture procedures.
Stem Cell Research is Attracting Great Interest. How will this Impact Demand for Cell Culture Protein Surface Coating?
There has been a palpable rise in the demand for stem cells, which has led to a consecutive increase in the use of cell culture protein surface coating. The rising popularity of stem cell therapies can be credited for an increase in the use of and demand for cell culture protein surface coatings. According to a study conducted by Transparency Market Research, the growth forecast of the cell culture protein surface coating market look promising, with the market expected to report a 13.6% CAGR between 2014 and 2020, by which year it will reach US$623.4 mn. In 2013, the global market for protein surface coating for cell culture was pegged at US$256.2 mn.
Browse Market Research Report of Cell Culture Protein Surface Coatings Market: http://www.transparencymarketresearch.com/cell-culture-protein-surface-coatings-market.html
However, what is evident is that the growth of the global cell culture protein surface coating market will be underpinned by an increase in research grants and funding activities. Several healthcare agencies and governments have been promoting research pertaining to stem cell therapies, which will in turn prove favorable to the global protein surface coating for cell culture market.
Here are a few stem cell funding initiatives that have put the demand for protein surface coating for cell culture firmly on the growth track:
- EuroStemCell’s grant of six million euros, announced under the HumEn project, has brought several leading research groups and corporate entities together under an initiative to develop insulin-producing beta cells that are responsive to changes in glucose levels. The aim of the project is to use these beta cells for cell-replacement therapy among people suffering from diabetes. However, this project is just one of the many major funding initiatives undertaken in Europe for stem cell research. The HEALTH research program, which is undertaken by the European Commission, has recently funded as many as seven research projects focused on stem cell therapies.
Browse Market Research Press Release of Cell Culture Protein Surface Coatings Market: http://www.transparencymarketresearch.com/pressrelease/cell-culture-protein-surface-coatings-market.htm
- In 2009, the President of the United States, Barack Obama, signed an order that would help remove regulatory impediments associated with research pertaining to human stem cell research. According to the National Institutes of Health (NIH), the US$1.4 billion is estimated to be allocated to stem cell research in financial year 2016. This indicates the massive potential that stem cell research carries in the United States.
- Besides EU nations and the U.S., countries such as India and China are also announcing funding initiatives for stem cell research. India’s Department of Biotechnology (DBT), which functions under the aegis of the union ministry of science and technology, for instance, has recently issued a grant for stem cell research aimed at finding a low-cost treatment for arthritis. However, low-resource nations such as India, which are more often than not underserved, are now waking up to the importance of funding more research in stem cell. This will lead to the robust growth of the protein surface coating for cell culture market in economies such as India and China.
These are only a few examples of how increased funding for stem cell research will contribute to the growth of the global cell culture protein surface coating market; other developed countries in the Asia Pacific region and Latin America are also proactively working toward this end.