Report Ocean recently published a new research report on the Stem Cells Market. In addition to prospective prospects, this study offers a historical analysis of growth, cost structure, revenue, market trends, and capacity (2023-2030). The following section offers comprehensive coverage of the Stem Cells Market across a number of market categories, in-depth research at the country level, and an assessment of the market’s key drivers, restraints, trends, and opportunities.
Global Stem Cells Market is valued at approximately USD 11.89 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.4% over the forecast period 2022-2029.
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Stem cells are cells that serve as a repair system for the body and have the potential to develop into various types of cells in the body. These cells are used to cure a wide range of diseases and illnesses in the body. The rising expenditure on the development of precision medicine, the growing focus on clinical trials, and the increasing number of cell therapy production facilities are the key driving factors for market growth around the world.
The need for stem cell therapy in the treatment of several chronic diseases such as cancer, alzheimer’s, and parkinson’s disease is constantly growing which is fueling the market demand. According to Alzheimer’s Disease International (ADI), more than 55 million people worldwide are estimated to be suffering from dementia as of 2020. Additionally, it is estimated that this number reach 78 million by 2030. Consequentially, stem cells are considered an effective treatment option compared with traditional therapies in the treatment of Alzheimer’s Disease and other target ailments, thus, in turn, accelerating the growth of the market. Furthermore, increasing investment in research activities related to stem cell production, storage, and characterization, as well as, surging demand for stem cell banking is anticipated to reinforce the growth of the stem cell market. However, the ethical concern associated with stem cell research and the unavailability of a suitable regulatory framework in certain applications of stem cells is restricting the market growth over the forecast period of 2022-2029.
The key regions considered for the Global Stem Cells Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the development of the biotechnology industry, high R&D activities in the field of personalized medicines, and the presence of key market players. Whereas, the Asia Pacific is also expected to grow at the highest growth rate over the forecasting period. Factors such as increasing government funding to accelerate research on stem cells and increasing incidences of target diseases including neurological disorders, cancer, and diabetes are burgeoning the market growth in the forecasting years.
Major market players included in this report are:
Advanced Cell Technology Inc.
STEMCELL Technologies Inc.
Cellular Engineering Technologies Inc.
CellGenix GmbH
PromoCell GmbH
Kite Pharma
Lonza
Cellartis AB
Angel Biotechnology
Brainstorm Cell Therapeutics
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Recent Developments in the Market:
In January 2021, Celularity Inc. and GX Acquisition Corp. announced that the companies entered into a collaborative agreement, which aims to boost the production & development of innovative allogeneic cell therapies like CAR T cell therapies that are derived from the postpartum placenta and genetically modified natural killer (NK) cell therapies.
In March 2021, OrganaBio announced the launch of its HematoPAC ASC-cb CD34 hematopoietic stem cell product with the objective of supporting HSC-based allogeneic cell therapies.
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, Technology, Therapy, Application, End-user, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By Product:
Adult Stem Cells (ASCs)
Human Embryonic Stem Cells (HESCs)
Induced Pluripotent Stem Cells (iPSCs)
Very Small Embryonic Like Stem Cells
By Technology:
Cell Acquisition
Cell Production
Cryopreservation
Expansion and Sub-Culture
By Therapy:
Autologous
Allogenic
By Application:
Regenerative Medicine
Drug Discovery and Development
By End-user:
Pharmaceutical and Biotechnology Companies
Hospitals & Cell Banks
Academic & Research Institutes
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World
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This report answers the following key questions:
- How big is the market as a whole in 2021? What rate of market expansion is anticipated between 2022 to 2030?
- Which region would experience a high demand for goods in the years to come?
- What are the variables promoting the market’s expansion?
- Which sub-market will have the most impact on the market?
- What market opportunities exist for established and new players?
- What different short-term and long-term tactics have the market players adopted?
With regard to the COVID-19 Outbreak Impact Analysis:
- In light of COVID-19, the report examined market trends.
- On the basis of the upstream and downstream markets, the study examined COVID-19’s effects on the manufacturing industry’s supply chain.
- We examine how COVID-19 has affected diverse regions and significant nations.
- It is noted how COVID-19 will affect the industry’s future growth.
Examined in the study are:
- Market behavior, risk, and opportunity levels
- An assessment of end-industry behavior and opportunity
- An anticipated timeline for industry recovery.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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