Polaris Market Research recently published [115+ Pages] research report on “Stem Cell Market Share, Size, Trends, Industry Analysis Report, By Type; By Application (Drug Discovery and Development, Regenerative Medicine); By Technology; By Therapy; By Region; Segment Forecast, 2022 – 2030” in its research database.
According to the research report, the global stem cell market size was valued at USD 11.92 billion in 2021 and is expected to reach USD 30.46 Billion by 2030, growing at a CAGR of 11.3% during the forecast period.
What is a Stem Cell? How Big is the Stem Cell Market Size?
Stem cells are the body’s raw materials, cells from which all other cells with particular functions are generated. Under the appropriate conditions in the body or a laboratory, stem cells segregate to form more cells. The rapidly rising demand for the stem cell market can be attributed to the fact that it assists in comprehending how diseases occur. By observing stem cells grow into cells in bones, heart muscles, nerves, and other organs and tissues, researchers may better comprehend how diseases and conditions advance.
The increasing evolution of precision medicine, growth in cell treatment production provisions, and the growing number of clinical trials are considered significant driving factors in the market. Latest progressions in stem cell therapeutics and tissue engineering have the capacity to turn heads toward the treatment of several diseases. Additionally, growing demand for stem cell banking and growth in research pursuits concerning stem cell production, storage, and depiction is also anticipated to fuel the revenue growth for the market.
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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
What Does the Report Include?
- Qualitative and quantitative analysis of the market depending on segmentation, including both economic as well as non-economic factors
- Provision of market value data for each segment and sub-segment
- Designates the region and the segment that is anticipated to observe the speediest growth as well as to dominate the market
- Analysis by geography underscoring the consumption of the product or service in the region as well as specifying the factors affecting the market within each region
- Competitive landscape incorporating the market ranking of prominent players together with the new product or service launches, business expansion, partnership, and acquisition in the past years
Some of the Top Market Players Are:
- Advanced Cell Technology Inc.
- Angel Biotechnology
- Bioheart Inc.
- Brainstorm Cell Therapeutics
- Caladrius Biosciences
- Celgene Corporation
- Cellartis AB
- CellGenix GmbH
- Cellular Engineering Technologies Inc.
- Gamida Cell
- Genea Biocells
- Kite Pharma
- Osiris Therapeutics
- PromoCell GmbH
- STEMCELL Technologies Inc.
- Waisman Biomanufacturing
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Growth Driving Factors
- Features such as safety and effectiveness to push the market
There are extensive global expectations for stem cell-based therapies as they are safe and effective. Stem cells are acquiring awareness for the advancement of regenerative medicine. The stem cell market size is expanding as regenerative cell therapy has the possibility of healing and restoring defaced tissues and organs. For these therapies, stem cells constitute a promising cell source and thus are securing growing attention from researchers, clinicians, and scientists.
Notable R&D spending is one of the prominent contributors to market growth. The stem cell market sales are soaring as there is an increasing requirement for effective therapeutics to lessen the disease burden in the course of the forecast period. For instance, Celavie Biosciences’ five-year investigative study on Parkinson’s disease advanced in May 2020. The establishment works on regenerative stem cell therapy to cure Parkinson’s disease and other central nervous system clutter.
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- In February 2021, American CryoStem partnered with Bio Therapeutics Labs Corp for the research and development of stem cells. The principal motive of this partnership was to advance and enhance protocols using CRYO’s ATCell and BTL’s human umbilical cord-dependent product lines.
- Adult stem cell type accounted for the largest market share
Based on type adult stem cell type accounted for the largest market share. They provide advantages such as a magnitude for autologous conversion, decreased probability of tumor formation, and obtainability of accepted treatment alternatives. The stem cell market demand is increasing as these cells reject embryo destruction, which is the scenario in embryonic stem cells. Additionally, there is no probability of graft decline in the case of adult stem cells.
- Regenerative medicine segment witnesses the fastest growth
Based on application, the regenerative medicine segment acquired the largest market share. They have played a crucial role in orthopedic regenerative medicine, especially in relieving the body without interfering with surgery. The stem cell market trends include orthopedic therapy implementations, which are still evolving. The latest research has shown encouraging results anticipated to drive future market growth.
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- The existence of a robust biotechnology industry in the North American region propels the market
North America held the largest stem cell market share due to the robust biotechnology industry, the supremacy of prominent key players, substantial R&D ventures, and the fostering of personalized medicines. Additionally, growth can be attributed to evolving government’s capability to stimulate stem cell therapies. For instance, the Canadian government financed about USD 7 million in regenerative medicine and stem cell research in March 2020. It will invest in nine transnational projects and four clinical attempts in the country to help the country’s development in the regenerative medicine sector.
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Frequently Asked Questions
- At what CAGR is the market projected to grow during the forecast period?
- Which is the leading segment in the market?
- What are the key factors driving the market?
- Who are the major players in the market?
- Which region held the highest share?
- Which factors are anticipated to drive the adoption of these products?
Polaris Market Research has segmented the stem cell market report based on type, application, technology, therapy, and regions:
By Type Outlook
- Human Embryonic
- Adult Stem Cells
- Induced Pluripotent Stem Cells
- Very Small Embryonic Like Stem Cells
By Application Outlook
- Drug Discovery and Development
- Regenerative Medicine
By Technology Outlook
- Cell Production
- Cell Acquisition
- Expansion and Sub-Culture
- Wounds & Injuries
By Therapy Outlook
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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