Stem Cell Therapy Market to 2027 – Global Analysis and Forecast by Type (Adult Stem Cell Therapy, Embryonic Stem Cell Therapy, Induced Pluripotent Stem Cell Therapy, Other Stem Cell Therapy); Treatment (Allogeneic, Autologous ); Application (Musculoskeletal, Dermatology, Cardiology, Drug Discovery and Development, Other Applications); End User (Hospitals and Specialty Clinics, Academic and Research Institutes), and Geography.
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Stem cells are preliminary body cells from which all other cells with specialized functions are generated. Under a controlled environment in the body or a clinical laboratory, these cells divide to form more cells called daughter cells. Due to the advent of modern health science, these cells play a major role in understanding the occurrence of diseases, the generation of advanced regenerative medicines, and drug discovery. There are certain sources such as embryo, bone marrow, body fats, and umbilical cord blood amongst others, where stem cells are generated. The global stem cell therapy market is driven by factors such as increasing awareness related to stem cells therapy ineffective disease management and growing demand for regenerative medicines. However, the high cost related to stem cell therapy is likely to obstruct the growth of the stem cell therapy market during the forecast period. The growing research and development activities in Asia Pacific region is expected to offer huge growth opportunity for stem cell therapy market.
The stem cell therapy market was valued at US$ 1,534.55 million in 2019 and is expected to grow at a CAGR of 16.7% from 2020to 2027 to reach US$ 5,129.66 million by 2027.
Based on Type, the Stem Cell Therapy market is segmented into adult stem cell therapy, induced pluripotent stem cell therapy, embryonic stem cell therapy, and other stem cell therapy. In 2019 adult stem cell therapy held the largest share of the market. However, induced pluripotent stem cell therapy are expected to register the highest CAGR in the market during the forecast period.
Increasing Awareness Related to the Stem Cells Therapy in Effective Disease Management
Based on treatment, the stem cell therapy market is segmented into allogeneic and autologous. The allogeneic held the largest share of disease segment in the global market. However, autologous segment is expected to grow at the faster rate during the forecast period. Factors contributing in the growth of autologous market are low risk associated, affordable treatment and no risk of graft versus host diseases
Based on application type, the stem cell therapy market is segmented into musculoskeletal, dermatology, cardiology, drug discovery and development, other applications. The prophylaxis held the largest share of the stem cell therapy market for the treatment type segment. However, the drug discovery and development segment is expected to grow at the fastest rate during the coming years
Based on end-user, the Stem Cell Therapy market is segmented into academic and research institutes, hospitals, and specialty clinics. The academic and research institutes held the largest share of end-users segment in the global market and are expected to grow at the fastest rate during the forecast period.
Product launches and FDA approvals strategy is commonly adopted by companies to expand their footprint worldwide and meet the growing demand. This strategy is most commonly adopted by the market players in order to expand its product portfolio.
Global Stem Cell Therapy Market – By Type
- Adult Stem Cell Therapy
- Embryonic Stem Cell Therapy
- Induced Pluripotent Stem Cell Therapy
- Other Stem Cell Therapy
Global Stem Cell Therapy Market – By Treatment
Global Stem Cell Therapy Market – By Application
- Drug Discovery and Development
- Other Applications
Global Stem Cell Therapy Market – By End User
- Hospitals and Specialty Clinics
- Academic and Research Institutes
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