Global Stem Cells Market: Snapshot
In order to come up with stem cell based therapies, most companies operating in the global stem cells market are trying to raise funds from overseas organizations. They are also working out collaborations and partnerships with pharmaceutical organizations in order to bolster their positions.
Besides such efforts to expand their portfolios and presence, which are proving beneficial to the global stem cells market, the rising instances of chronic conditions and increasing investments by pharmaceutical and biopharmaceutical companies for stem cell research are also having a positive impact on the market. The rising number of stem cell donors, superior quality stem cell banking facilities, and increasing research and development are other factors that are serving to underpin the growth in the global stem cells market.
Buoyed by the above factors, the global market for stem cells is expected to register a robust CAGR of 13.8% during the period from 2017 to 2025, predicts a report by Transparency Market Research. At this rate, the market will likely attain a value of US$270.5 bn by 2025, as per the report.
Ability to Overcome Ethical Challenges Makes Induced Pluripotent Stem Cells Most Promising Segment
Depending upon the type of products, the global stem cell market can be divided into adult stem cells, human embryonic stem cells, induced pluripotent stem cells, etc. The segment of adult stem cells, among them, holds a leading share in the market. This is because of their ability to multiply into trillions of specialized cells which may lower the risks of rejection and repair tissue damage. As per UCB, a global biopharmaceutical company, Canada is home to over 100,000 people with Parkinson’s disease and about another 6,600 new cases are diagnosed annually in the nation.
The human embryonic stem cell segment trails the segment of adult stem cells vis-à-vis market share in revenue. The induced pluripotent stem cells segment again is an emerging segment that holds out a lot of potential. Induced pluripotent stem cells, which can be created from the tissue of the patient needing the transplantation, helps avoid the problem of immune rejection. Besides, it also tackles ethical challenges as the cells are harvested from a willing adult without harming them. These are the key driving factors for the market growth of the segment.
Investments in Stem Cells Research Propels North America Market to Fore
Geography-wise, the key segments of the global stem cells market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. At present, North America dominates the market because of the substantial investments in the field, impressive economic growth, rising instances of target chronic diseases, and technological progress. The market in North America will likely retain its dominant share in the near future to become worth US$167.33 bn by 2025.
Europe comes in the second position after North America in the global stem cells market. Germany, in Europe, is said to be powering the region’s growth as patients from other countries in Europe as well as the U.S. and Canada travel to Germany to receive medical treatments at reasonable costs. By 2025, the region is slated to rake in a revenue of US$67.47 bn. Vis-à-vis growth, on the other hand, Asia Pacific stem cells market is expected to run the show by clocking a 14.6% CAGR from 2017 to 2025.
STEMCELL Technologies Inc., Astellas Pharma Inc., Cellular Engineering Technologies Inc., BioTime Inc., Takara Bio Inc., U.S. Stem Cell, Inc., BrainStorm Cell Therapeutics Inc., Cytori Therapeutics, Inc., Osiris Therapeutics, Inc., and Caladrius Biosciences, Inc. are to name a few of the prominent players in the region.
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