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Stem Cell Therapy Global Market Report 2022: Increasing R&D and Healthcare Expenditure Bolsters Sector
Global Stem Cell Therapy Market
Dublin, Jan. 12, 2023 (GLOBE NEWSWIRE) -- The "Stem cell therapy Market By Cell Source, By Application, By Type: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global stem cell therapy market was valued at $205.12 million in 2021, and is projected to reach $928.64 million by 2031, registering a CAGR of 16.2% from 2022 to 2031.
Stem cell therapy is a promising strategy for regeneration of damaged organs, tissues or functions through the transplantation of stem cells. The cell therapy involves the direct administration of cells into the body for healing purposes. The units of therapy in this approach are single cells. It has been established as a useful therapy for hematologic malignancies and some solid tumors.
However, some of the patients still die in allogeneic stem cell transplantation because T-lymphocytes cause fatal GVHD, and many are not cured in autologous stem cell transplantation as the disease recurs post-stem cell transplantation. Hematopoietic stem cell therapies provide methods for inducing lifelong tolerance to xenografts or allow novel treatment of autoimmune diseases, whereas the research and use of nonhematopoietic stem cells help minimize the toxicities of cancer therapy or cure non-malignant disorders.
The global stem cell therapy market is anticipated to show significant market growth during the forecast period, owing to increase in demand for stem cell therapy, increase in government support for R&D activities and increase in healthcare expenditure. Furthermore, increase in prevalence of diseases such as cancer, and new product launches associated with stem cell therapy are considerably contributing toward the market growth.
However, limitations on use of embryonic stem cells due to ethical concerns and high cost of stem cell therapy are negatively impacting the market growth. Conversely, surge in the applications of induced pluripotent stem cells in embryonic stem cell therapy offers the lucrative opportunities for the growth of the market.
Report Attribute | Details |
No. of Pages | 274 |
Forecast Period | 2021 - 2031 |
Estimated Market Value (USD) in 2021 | $205.12 million |
Forecasted Market Value (USD) by 2031 | $928.64 million |
Compound Annual Growth Rate | 16.3% |
Regions Covered | Global |
Key Market Segments
By Cell Source
Adipose Tissue-Derived Mesenchymal Stem Cells
Bone Marrow-Derived Mesenchymal Stem Cells
Cord Blood/Embryonic Stem Cells
Other
By Application
Cancer
Musculoskeletal Disorder
Wounds and Injuries
Cardiovascular Disease
Other
By Type
Allogeneic Transplants
Age
Pediatric
Adult
Autologous Transplants
Age
Pediatric
Adult
By Region
North America
U.S.
Canada
Europe
Germany
France
UK
Rest Of Europe
Asia-Pacific
Japan
India
South Korea
Rest Of Asia-Pacific
LAMEA
Brazil
Rest Of LAMEA
Key Market Players
Allele Biotechnology and Pharmaceuticals, Inc.
Astellas Pharma Inc.
Fujifilm Holding Corporation
Mesoblast Ltd.
Novadip Biosciences
NuVasive, Inc.
Orthofix Holdings, Inc.
Smith & Nephew plc
Takeda Pharmaceutical Company Ltd
U.S. Stem Cell, Inc.
KEY FINDINGS OF STUDY
By product & services, the consumable segment accounted for major microarray market share in 2021.
By type, the protein microarray segment is anticipated to grow with the highest CAGR throughout the forecast period.
By end user, the research and academic institutes segment is anticipated to grow with the highest CAGR of 8.5% throughout the forecast period.
By region, North America occupied major share of the global microarray industry in 2021.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: STEM CELL THERAPY MARKET, BY CELL SOURCE
CHAPTER 5: STEM CELL THERAPY MARKET, BY APPLICATION
CHAPTER 6: STEM CELL THERAPY MARKET, BY TYPE
CHAPTER 7: STEM CELL THERAPY MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
For more information about this report visit https://www.researchandmarkets.com/r/c0zkg0
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