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Indian Stem Cell Market to Hit US$ 540 Million by 2010
Growing at a rate of 15% per annum India's stem cell market is estimated to hit
US$ 540 Million by the year 2010, while the global stem cell market is
expected to touch US$ 20 Billion mark, said Dr D Balasubramaniam, SCRFI
(Stem Cell Research Forum of India) president, in a statement that
ChennaiOnline published on 30 January 2007.
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SCRFI is a society set up to assemble medical and biological
scientists having interest in stem cell research and to encourage
scientific research in the field of stem cell biology. The society held
its 1st annual meeting & international conference in Bangalore on 29
January 2007.
"Medicine today is moving rapidly toward the development of more
effective cures for a host of diseases. In the past, doctors could
usually only treat the symptoms of illness - treatments rarely addressed
the causes of disease. Today, many of the cures being developed by
scientists are based on advanced techniques that are able to target the
causes of disease rather than simply treating the symptoms and stem cell
research is gaining importance", said Satish Totey, who is the SCRFI's
Secretary and Director for Manipal institute of Regenerative Medicine,
at the conference.
Throughout India, there're 15 centers for doing research on stem
cell. Of these five are performing extensive trials in cardiology's
field.
As per the RNCOS report "Indian Biotechnology Market Outlook (2006)",
India has enough potential that can help it emerge as a global hub for
research in stem cell. Since stem cell research is prohibited in the US,
as it comprises of cloning & breeding human cells. Therefore, India can
readily grab the great opportunity of developing both technologies and
knowledge in the research o f stem cell.
RNCOS report on "Indian Biotechnology Market Outlook (2006)"
addresses some interesting issues related to today's global business
environment. The report provides comprehensive information about the
subjects such as market trends in the Indian Biotechnology industry,
where the market will be after five years, opportunities that exist in
Indian Biotechnology industry, driving factors for the Indian
Biotechnology industry, Challenges faced by Biotechnology industry, main
players in the Indian Biotechnology industry, and so on.
About RNCOS E-Services Pvt Ltd.:
RNCOS, incorporated in the year 2002, is an industry research firm.
It has a team of industry experts who analyze data collected from
credible sources. They provide industry insights and analysis that helps
corporations to take timely and accurate business decision in today's
globally competitive environment.
For more information visit:
http://www.rncos.com/Report/Biotech14.htm
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