According to the report Latin America Stem Cell Market, published by Market Data Forecast, the global market is projected to reach USD 3.72 billion by 2021, at a CAGR of 14.4% from 2016 to 2021.
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Regenerative medicine is perhaps the most important use of stem cells, and other important areas include oncology, haematology, orthopaedics, cardiology and neurology. Another widely found application is drug discovery and development. Stem cells are kind of a research tool, as their in vitro study would allow scientists to understand in depth about the role of various organs and the development of particular illnesses; stem cells may also possibly allow drug developers to test emerging therapies on diseased cells. Stem cells therapy has shown substantial potential to treat cancer successfully. Cancer stem cells which have been tested on animals have shown satisfactory results.
Latin America Stem Cell Market: Drivers & Restraints
Stem cell research is getting a lot of attention as a promising and fast-growing area in Latin America, as it is across the globe. Many countries in this region are looking upon Regenerative Medicine as a research priority and a focus of investment. This area creates not only opportunities but also regulatory, technical and operative challenges. Ethical issues involved in the stem cells research and strict regulations to conduct trials on humans are some of the restraining factors. Also factors such as lack of required infrastructure and complications associated with the preservation of stem cell are limiting the growth of the stem cells market.
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Latin America Stem Cell Market: Segmentation
By mode of treatment
- Regenerative Medicine
- Eye & Immune System Development
- Blood Disorders
- Cell Acquisition
- Cell Production
- Adult Stem Cells
- Human Embryonic Cells
- Pluripotent Stem Cell
- Natural Rosette Cells
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Latin America Stem Cell Market: Overview
In the global stem cells market, the adult stem cells hold the highest share, while the market share of induced pluripotent stem cells is likely to grow in the next few years. Europe comes next. However, the Asia-Pacific stem cell therapy market is expected to grow the fastest in this forecast period, mainly because of better regulatory support through encouraging government policies and increasing awareness among the public.
The allogeneic stem cell therapy is expected to command the largest share of the market in 2016. The market is expected to grow rapidly because of the extensive research and development which is being done. In the field of life sciences, one of the most promising markets at the moment is the global stem cell market and is expected to grow exponentially in the coming years as stem cells allow cost-effective treatment of many illnesses that currently have no or ineffective treatment.
Latin America Stem Cell Market: Region-wise Outlook
On the basis of geography, the Latin America market is analysed under various regions namely Argentina, Brazil, and Mexico. As of now, North America region dominates the global stem cells market.
Key Questions Answered
- What are the major players in this industry and the key strategies adopted by them to sustain and grow in the studied Latin America market?
- What is the current and future Stem Cell Market outlook in Latin America? What trends are affecting the Latin America market?
- What is the competitive landscape and market share of major players in the Stem Cell space in Latin America?
- What are the key, high growth markets that Stem Cell manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Stem Cell currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Stem Cell?
- What are the challenges and barriers that have hindered widespread adoption of Stem Cell?
Latin America Stem Cell Market: Key Players
Some of the major players in this market are Athersys, StemCells Inc., Cryo Cell International, Geron Corporation, Mesoblast Ltd., Aastrom Biosciences Inc., Celgene Corporation, Invitrogen and Cytori Therapeutics Inc.
Reasons to buy Latin America Stem Cell Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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