Indian Stem Cell Market to Hit US$ 540 Million by 2010

Delhi, Delhi India (PressExposure) April 09, 2007 -- 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.

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 of 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.

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Press Release Submitted On: April 09, 2007 at 6:28 am
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