Global Stem Cell Gun Devices Market – Introduction
Patients suffering from severe burns, wounds, and other skin issues are generally treated by conventional skin graft surgeries. This method can be painful, slow, and present several complications. Therefore, a new method to treat these conditions is emerging, known as stem cell gun spray method. This method involves spraying of the individual’s own stem cell through a stem cell gun device. This method enables rapid healing by spraying a person’s stem cell isolation and spray on wound site. Stem cell gun is a spray device that delicately deposits the stem cell solution on the patient’s wounds.
Stem cell gun devices are utilized for second-degree burns and numerous skin wounds & disorders. The average healing time for patients with second-degree burns is three to four weeks, which is reduced to a matter of days with treatment from the stem cell gun. Full regeneration of skin occurs in two weeks and complete formation of texture takes two to three months.
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Global Stem Cell Gun Devices Market – Competitive Landscape
The global stem cell gun devices market is one of the emerging markets as compared to conventional skin graft technologies. Hence, products of stem cell gun devices are manufactured by one company only, which is the pioneer of this technology, Renovacare, Inc. A few more stem cell therapy companies are expected to enter in the market in the near future; hence, it is a highly lucrative market for new entrants.
Founded in 1949, Medtronic plc is presently headquartered in Scottsdale, Arizona, U.S. It is a major biotechnology company that is focused on stem cell therapies. RenovaCare, Inc. has developed first-of-its-kind autologous (self-donated) stem cell therapies for the regeneration of human organs. Its initial product under development targets the body’s largest organ, the skin. The company’s flagship technology, the CellMist System, uses its patented SkinGun to spray a liquid suspension of a patient’s stem cells, the CellMist Solution, onto the wounds. RenovaCare is developing its CellMist System as a promising new alternative for patients suffering from burns, chronic and acute wounds, and scars.
Global Stem Cell Gun Devices Market – Dynamics
Rise in skin burns and injury to skin drive global stem cell gun devices market
Non-fatal burns are a leading cause of morbidity, including prolonged hospitalization, disfigurement and disability, often with resulting stigma and rejection. Furthermore, burns are a global public health problem. These severe burn and other wounds require several treatment such as skin graft and stem cell therapy. Hence stem cell gun therapy by stem cell gun devices is an emerging method and gaining popularity across the world. According to WHO, in 2004, around 11 million people worldwide were recorded with burn injuries severe enough to require medical attention.
Innovative methods for stem cell therapy and rising concern regarding skin burns to drive the global stem cell gun devices market
Alternative methods for conventional skin graft technologies, such as stem cell solution delivery by spray or gun, are gaining popularity in the last few years, due to less pain and complications involved in these methods, as compared to that in conventional methods. Moreover, people are more concerned about skin wounds since it affects their appearance. Therefore, early treatment for skin burns and wounds is essential, and this increased concern regarding skin conditions is a major factor boosting the global stem cell gun devices market.
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Improper handling and higher cost restrain stem cell gun devices market
Improper handling of stem cell gun devices is likely to lead to severe complications such as overdose or ineffective solution preparation. This situation is estimated to arise due to unskilled personnel, which is projected to hamper the global stem cell gun devices market. Furthermore, high cost of burn treatment is anticipated to restrain the global stem cell gun devices market.
North America dominates global stem cell gun devices market
North America dominated the global stem cell gun devices market in 2018. It is projected to maintain its position during the forecast period. Rise in cases of skin burns, skin wounds, and higher rate of adoption of advanced technologies in the region are key factors driving the market in North America.
Global Stem Cell Gun Devices Market - Segmentation
The global stem cell gun devices market can be segmented based on:
- Product Type
Global Stem Cell Gun Devices Market Segmentation – By Product Type
Based on product type, the global stem cell gun devices market can be bifurcated into:
- Stem Cell Gun
- Accessories & solutions
Global Stem Cell Gun Devices Market Segmentation – By Application
Based on application, the global stem cell gun devices market can be divided into:
- Skin Burn
- Wound treatment
Global Stem Cell Gun Devices Market Segmentation – By End-user
In terms of end-user, the global stem cell gun devices market can be classified into:
- Specialty Clinics
Disclaimer: This ongoing market research study is a meticulously planned activity where a broad array of factors and aspects that shape the marketing environment and industry are taken into account. However, keeping in mind the constantly changing nature of business dynamics and changing strategic intents, we are always actively making iterations and modifications in our approaches. As always, we are ready to tailor our insights and guidance to suit your requirements. Engage with us to know what more is there for your CXOs.