The Regenerative medicine applications are expected to dominate the Global Stem Cell market. Regenerative medicine market is growing due to private and government support for the development of regenerative medicines, growing incidence of chronic disease and genetic disorder, growing healthcare expenditure across the world, and rising aging population. The Drug discovery and development is anticipated to grow at a faster rate. Drug discovery and development is expected to grow at a CAGR of 26.59%. Regenerative medicines have the capability to return the lost functionality of organs or tissues, not like conventional medicines that are palliative. Drug development is a process of carrying a pharmaceutical drug to market, once a major compound is identified by the process of drug discovery. It also includes pre-clinical research on animals and microorganisms, filing for regulatory statutes, such as the United States Food and Drug Administration for the investigational new drug to start a clinical trial on human, and include the step of getting regulatory approval with new drug application to the drug market.


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