Global Stem Cells Market: Snapshot
In the last few years, stem cells therapy has been gaining traction worldwide. A significant rise in the number of clinical application of stem cells and the advent of new treatments for chronic diseases are estimated to enhance the growth of the global stem cells market in the next few years. In addition to this, the rising investment by public as well as private organizations for research activities are likely to supplement the overall market growth in the near future.
Development of Infrastructure to Drive Global Stem Cells Market
As per the market report by Transparency Market Research, the global market for stem cells is projected to reach a value of US$270.5 bn by the end of 2025. The market is likely to exhibit a strong 13.80% CAGR between 2017 and 2025
The rapid development of the infrastructure that is required for the stem cell banking and processing, especially in developing economies is predicted to encourage the growth of the global stem cells market in the coming years. Moreover, the favorable regulation for stem cells is likely to support the market growth in the near future. In addition to this, the rise in the awareness among people about the therapeutic potency of stem cells in the management of the effective diseases, which is projected to encourage the growth of the market in the near future. On the flip side, the technical limitation and the unclear regulatory guidelines for the development of the product are estimated to restrict the market growth across the globe.
Rise in Consumer awareness to Propel Stem Cells Market
In terms of geography, North America led the global stem cells market in the last few years and is projected to retain its position in the next few years. The strong growth of North America can be attributed to the rising investments for research activities and the growing cases of target chronic diseases. In addition to this, the rise in the economy and the technological advancements are further predicted to support the market growth across North America in the next few years. Europe is expected to hold the second-leading position in the market, with a rising contribution from Germany. Furthermore, with the development of the infrastructure and the increasing disposable income among consumers are likely to encourage the growth of the stem cells market in Asia Pacific in the near future and register a healthy growth rate in the near future.
The global market for stem cells is developing at a rapid rate from the last few years and is projected to witness a high level of competition in the near future. At present, the market is moderated fragmented in nature and is projected to witness an entry of several new players in the coming few years. The rising focus of the leading players on advertising and marketing and the ardent efforts being taken by them to create an awareness among people concerning the benefits of stem cells are likely to enhance the overall development of the market and help the players in market penetration in the coming years. The main players engaged in the stem cells market across the globe are BioTime Inc., Cytori Therapeutics, Inc., STEMCELL Technologies Inc., Astellas Pharma Inc., U.S. Stem Cell, Inc., Osiris Therapeutics, Inc., Takara Bio Inc., Caladrius Biosciences, Inc., Cellular Engineering Technologies Inc., and BrainStorm Cell Therapeutics Inc.
Global Stem Cells Market: Brief Account
The global stem cells market is envisaged to gain a whole lot of demand owing to the perpetual focus on research conducted to expand the utilization of associated products for several applications. As a result, stem cells have been used in the treatment of various diseases and witnessed the discovery of several clinical applications previously unfolded. Players could look to broaden their cellular therapy portfolios to include a wide scope of diseases such as Alzheimer’s, type 1 diabetes, Parkinson’s, and spinal cord injury. This could be due to the worldwide acknowledgement of cellular therapies being the next major step in healthcare improvement.
The global stem cells market could be segmented according to end user, application, source, and product. By product, adult stem cells are forecast to take a leading position in the market.
The report presented herewith is a brilliant compilation of growth factors, segmentation study, geographical analysis, vendor landscape study, and other aspects that could prove to be significant for ensuring a strong growth in the global stem cells market.
Global Stem Cells Market: Trends and Opportunities
The world stem cells market is predicted to attain favorable growth prospects on the back of the positive impact caused by swelling investments from biopharmaceutical and pharmaceutical companies for conducting stem cell research. Increasing incidence of chronic diseases could be another powerful factor augmenting the demand in the market. For the coming years, market growth is anticipated to be cemented with the rise of increasing research and development, high-quality stem cell banking facilities, and rising count of stem cell donors.
Amongst all major types, adult stem cells are projected to secure a high demand in the near future as they could multiply into scores of specialized cells capable of repairing tissue damage and lowering the risks of rejection. Budding segments such as induced pluripotent stem cells could also offer rewarding prospects in the market with the help of their unique traits and advantages.
Global Stem Cells Market: Geographical Analysis
The international stem cells market is foreseen to testify the dominance of North America which has always been at the forefront of the adoption of latest technologies. Besides its impressive technological progress, the region could improve its growth while riding on the increasing prevalence of target chronic disorders, high economic growth, and massive investments in the industry. As a result, the regional market is forecast to showcase a colossal growth in the coming years.
Treading on the heels of North America, Europe could also provide lucrative growth opportunities in the international stem cells market due to factors such as medical tourism. An increasing number of U.S. and Canada patients have been witnessed to travel to Europe for taking treatments made available at economical costs. Asia Pacific is envisioned to exhibit a relatively slower growth in the market due to various reasons.
Global Stem Cells Market: Companies Mentioned
With a view to expand their presence as well as their portfolios when operating in the worldwide stem cells market, players are foretold to work out strategic partnerships and collaborations with pharmaceutical firms. Moreover, they could look to raise funds with the help of overseas organizations to introduce new stem cell-based therapies in the market. Some of the leading companies in the market could be Cellular Engineering Technologies Inc., Astellas Pharma Inc., and STEMCELL Technologies Inc.
Global Stem Cells Market by Product
- Adult Stem Cell
- Human Embryonic Stem Cell
- Induced Pluripotent Stem Cell
Global Stem Cells Market by Source
Global Stem Cells Market by Application
- Regenerative Medicine
- Drug Discovery and Development
Global Stem Cells Market by End User
- Therapeutic Companies
- Cell and Tissue Banks
- Tools and Reagent Companies
- Service Companies
Global Stem Cells Market by Geography
- North America
- Latin America (LATAM)
- Rest of LATAM
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA