Stem Cell Market Research Report
Growth opportunities in the Stem Cell Market look promising
over the next six years. This is mainly due to the support of government
initiatives, increasing focus on the treatment of neurological disorders, and
the rise in clinical trials.
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Stem
Cell Market Dynamics (including market size, share, trends, forecast, growth,
forecast, and industry analysis)
Key
Drivers
The surging number of clinical
trials throughout the world is the major driver responsible for the growth of
the global stem cell market. In accordance
with the "National Library of Medicine," the number of clinical
trials reached 2373,420 by the end of April 2021 from 205,344 in 2015,
contributing to the market growth. Moreover, increasing favorable initiatives
coupled with the expanding consciousness among consumers related to the storage
of these cells are fuelling the market growth. For instance, the
"Australian Government Department of Health," in April 2021,
initiated a "Stem Cell Therapies Mission", under which US$ 150
million will be invested for effective treatment of Australians over nine
years, which will promote the stem cell market size. Also, the rising emphasis
on neurological disorders cure is paving the way for the stem cell industry’s
growth. As per the World Health Organisation, approximately 7.1 % of the total
diseases were led by cardiovascular or neurological diseases and can be treated
by stem cell therapy. However, in accordance with the stem cells market
research, the complexities associated with unascertained regulatory directions
for preservation and commercialization will hamper the market growth.
Product
Segment Drivers
Based on the product, adult stem cells are predicted to
dominate the market during the forecast period. The factors driving the growth
are tumorigenesis, immune rejection, and minor controversial issues concerning
ethics. In addition, the escalating number of clinical trials has raised the
market growth.
Regional
Drivers
On the basis of regional coverage, North America is
projected to lead the market over the forecast period. This is because of the
convincing encouragement to employ cellular therapies for evolving diseases,
which has raised the market growth primarily in the United States and Canada.
For instance, FDA in 2020 accepted a clinical trial that used umbilical
cord-derived MSCs for curbing the life-menacing lung inflammation in COVID-19
patients, along with the vigorous reimbursement policies that bolstered the
market growth.
Stem
Cell Market’s leading Manufacturers:
·
Angel Biotechnology
·
Kite Pharma
·
PromoCell GmbH
·
Cellular Engineering Technologies Inc.
·
STEMCELL Technologies, Inc.
·
Cellartis AB
·
Lonza
·
CellGenix GmbH
·
BioTime, Inc.
·
Advanced Cell Technology, Inc.
Stem Cell Market Segmentation:
Segmentation by Product:
·
Adult Stem Cells (ASCs)
·
Human Embryonic Stem Cells
·
Induced Pluripotent Stem Cells (Ipscs)
·
Very Small Embryonic Like Stem Cells
Segmentation by Application:
·
Regenerative Medicine
·
Drug Discovery and Development
Segmentation by Technology:
·
Cell Acquisition
·
Cell Production
·
Cryopreservation
·
Expansion and Sub-Culture
Segmentation by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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