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same time because of medical tourism , high disposable incomes , and surging CRO ( Contract Research Organization ) activities . Prominent companies that hold significant shares in the global industry are Angel Biotechnology ; California Stem Cell Inc .; Bioheart ; Brainstorm Cell Therapeutics ; and Celgene Corporation Inc . Stemcells Inc ., a California based biopharmaceutical company focuses on the development of purified human neural stem cells ( HuCNS-SCs ). In November 2016 , the company entered a joint collaboration with Microbot Medical Ltd ., a medical device company that specializes in developing & designing transformational micro-robotic technologies . With the help of highly precise & less invasive surgical solutions , these technologies aim at bettering the quality of life of patients all across the globe .
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