The global stem cells market size is expected to gain momentum by reaching USD 27.65 billion by 2028. Fortune Business Insights in its latest report, titled “Stem Cells Market, 2021-2028.”, mentions that the market stood at USD 10.56 billion in 2020 and is projected to exhibit a stellar CAGR of 12.8% between 2021 and 2028. The growing demand for advanced therapeutic cellular therapies is expected to drive the adoption of the product globally.
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/stem-cells-market-105138
Increasing Demand for Advanced Therapeutic Therapies to Promote Growth
The increasing demand for advanced therapeutic therapies has propelled the need for innovation and development across the healthcare sector. Major companies in the market are focusing on collaborations and partnerships to boost their R&D activities and further drive the sales of the product. For instance, in June 2019, Evotec announced its collaboration with Celgene Corporation to expand its iPSCs technology for the development and introduction of novel treatment options for neurodegenerative diseases. The increasing demand for advanced products has led the companies to come together and develop novel therapies that are likely to favor the global stem cells market growth during the forecast period.
What does the Report Provide?
The market report provides a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PORTER’s Five Point Analysis and PESTEL to obtain information about the current trends and industry developments that will drive the market growth in the forthcoming years.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/stem-cells-market-105138
Increasing Demand for Advanced Therapeutic Therapies to Promote Growth
The increasing demand for advanced therapeutic therapies has propelled the need for innovation and development across the healthcare sector. Major companies in the market are focusing on collaborations and partnerships to boost their R&D activities and further drive the sales of the product. For instance, in June 2019, Evotec announced its collaboration with Celgene Corporation to expand its iPSCs technology for the development and introduction of novel treatment options for neurodegenerative diseases.
COVID-19 Impact: Market to Gain as Demand for Cell Therapies Soars
In March 2021, Kyoto University’s CiRA Foundation announced that it will be providing induced pluripotent stem cells (iPSCs) manufactured from the blood of the people recovered from the novel coronavirus to research institutions in Japan and worldwide. The aim is to help researchers understand the severity of the disease in some people compared to others. The increasing demand for R&D activities and the growing focus on developing novel solutions is expected to bode well for the growth of the market amid the COVID-19 pandemic.
Leading Players operating in the Stem Cells Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Thermo Fisher Scientific (Massachusetts, U.S)
- Merck KGaA (Germany, Europe)
- Mesoblast Ltd (Melbourne, Australia)
- STEMCELL Technologies Inc. (Vancouver, Canada)
- Promethera Biosciences SA (Belgium, Europe)
- Cynata Therapeutics (Victoria, Australia)
- R&D Systems, Inc. (Minnesota, U.S)
- AMSBIO (Abingdon, United Kingdom)
- Other Prominent Players
Detailed Table of Content:
- Introduction
- Market Scope
- Market Segmentation
- Market Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Prevalence of Relevant Chronic Disorders – By Key Countries/ Region
- New Cell Launch
- Pipeline Analysis
- Snapshot of Key Start-ups in the Stem Cells Market
- Impact of COVID-19 on the Global Stem Cells Market
- Key Industry Developments – Mergers, Acquisitions, and Partnerships
- Global Stem Cells Market Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Cell Type
- Embryonic Stem Cells (ESCs)
- Mesenchymal Stem Cells (MSCs)
- Adult Stem Cells
- Induced Pluripotent Stem Cells (iPSCs)
- Market Analysis, Insights and Forecast – By Application
- Research Applications
- Clinical Applications
- Market Analysis, Insights and Forecast – By End User
- Hospitals
- Pharmaceutical and Biotechnology Companies
- Academic & Research Institutes
- Others
- Market Analysis, Insights and Forecast – By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- North America Stem Cells Market Analysis, Insights and Forecast, 2017-2028
- Market Analysis, Insights and Forecast – By Cell Type
- Embryonic Stem Cells (ESCs)
- Mesenchymal Stem Cells (MSCs)
- Adult Stem Cells
- Induced Pluripotent Stem Cells (iPSCs)
- Market Analysis, Insights and Forecast – By Application
- Research Applications
- Clinical Applications
- Market Analysis, Insights and Forecast – By End User
- Hospitals
- Pharmaceutical and Biotechnology Companies
- Academic & Research Institutes
- Others
- Market Analysis, Insights and Forecast –By Country
- S. (By Application)
- Canada (By Application)
- Europe Stem Cells Market Analysis, Insights and Forecast, 2017-2028
- Market Analysis, Insights and Forecast – By Cell Type
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/stem-cells-market-105138
Report Focus:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Stem Cells Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Stem Cells Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
LinkedIn: https://www.linkedin.com/company/fortune-business-insights