The market for manufacturing stem cells was estimated to be worth US$ 8,584.2 Mn in 2021 and is anticipated to grow to US$ 20,428.1 Mn by 2028 at a CAGR of 13.3%. Due to the rise in chronic and neurological disorders and public awareness of the therapeutic potential of stem cells, the market for making stem cells is expanding quickly. Additionally, it is anticipated that a greater emphasis on the development of stem cell therapies will accelerate market expansion. However, factors including the high cost of manufacturing stem cells and social and ethical issues about using human embryonic stem cells are anticipated to restrain the growth of the worldwide stem cell manufacturing market.
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Global Stem Cell Manufacturing Market: Regional Insights
The global stem cell manufacturing market is divided into five regions based on geography: North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
Because of its strong research infrastructure and rising public awareness of the medicinal potential of stem cells, North America is predicted to have the highest market share among all other regions throughout the course of the projection period. For instance, spinal cord injuries, Alzheimer’s and Parkinson’s disease, as well as other neurological issues, can all be treated with stem cells to replace destroyed neurons. According to Alzheimer’s Association, about 6 million Americans of all ages suffer with this disease. In 2022, there will be 6.5 million Alzheimer’s patients in America who are 65 years of age or older. About 1 in 9 people aged 65 and older (10.7%) have Alzheimer’s disease, and more than 73% are older than 75.
Due to the rising prevalence of chronic and neurological diseases as well as government financing for stem cell research in the region, Asia Pacific is also anticipated to experience rapid expansion in the global stem cell manufacturing market. For instance, in 40 prestigious medical research and educational institutions, the Indian government assisted in the establishment of cutting-edge stem cell research facilities in February 2022. Through the Indian Council of Medical Research, the government has also recently invested about US$ 80 million in a number of research programmes (ICMR). The market for generating stem cells is then anticipated to develop as a result.
Global Stem Cell Manufacturing Market Drivers:
Over the span of the projected period, it is expected that the incidence of chronic and neurological disorders may rise, increasing the expansion of the worldwide stem cell manufacturing market. Accidents to spinal cord, Parkinson’s and Alzheimer illnesses, as well as other neurological diseases might damage neurons which can be replaced by stem cells. Parkinson’s disease treatment using stem cells may be effective approach. The World Health Organisation (WHO) reports that prevalence of Parkinson disease (PD) has doubled internationally in the past 25 years, with prediction for 2019 revealing that there are more than 8.5 million people worldwide who have the conditions.
Over the course of the projected period. Increasing public awareness of the medical capabilities of stem cells is expected to drive market expansion. Today for illustration, stem cells are frequently used by healthcare professionals to cure patient’s cancer and disorders of the blood and immune system diseases. WHO predicts that cancer can be the chief reason of over 10 million deaths in 2020, or one in every six death internationally. The most common cancers include prostate, breast cancer and rectum cancer. Due to this, market participants are concentrating on developing innovative stem cell therapies for the treatment of cancer.
Global Stem Cell Manufacturing Market Opportunities:
The advancement of stem cell therapies is projected to receive more interest, which again will offer competitors in the stem cell manufacturing market with substantial promising players. Players in the market, for instance, are concentrating on innovating new stem cell therapies because of the increase in the prevalence of both chronic and neurological ailments globally. Following regulatory permission from India’s Drugs Controller General, Alkem Laboratories, in partnership with Stempeutics, introduced the stem cell treatment product StemOne in September 2022 to treat knee osteoarthritis (OA) (DCGI).
For market participants in stem cell production treatments, expanding publicly known of the merits of stem cell preservation is projected to create considerable potential prospects. For instance, stem cell preservation is now the newest trend among consumers owing to the fact that these cells can be employed to treat a number of fatal diseases, including neurological and chronic conditions. As a result, stem cell preservation is a trend that is expanding rapidly across the globe along with the incidence of chronic and neurological disorders. As a result, market participants have chances as they concentrate on R&D activities to introduce innovative stem cell therapies.
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Global Stem Cell Manufacturing Market Trends:
With the finding of stem cells, there are currently more clinical trials being conducted globally since stem cells hold great promise for novel medicinal treatments. Many serious, debilitating, and neurological diseases, including cancer, diabetes, Parkinson’s disease, Alzheimer’s disease, and others, can be treated with stem cells. Therefore, the number of clinical studies is fast rising along with the burden of these diseases. Throughout the projected period, this trend is anticipated to persist, fueling the market’s expansion.
The need for stem cell production has expanded as a result of favourable government initiatives and worldwide support for regenerative medicine research and development (R&D). Regenerative medicine, often known as stem cell therapy, encourages the body’s natural ability to heal damaged, sick, or malfunctioning tissue. Stem cells hold up considerable possibilities for innovative medical therapies. Throughout the projected period, this tendency is anticipated to persist.
Global Stem Cell Manufacturing Market Restraints:
The worldwide stem cell manufacturing market’s expansion is anticipated to be constrained by the high cost of stem cell production. For instance, despite the fact that stem cell therapies improve the lives of people with life-threatening conditions, the high cost of stem cell production restrains the development of the market under study.
The rise of the worldwide stem cell manufacturing market is likely to be restricted by socio- ethical issues over the use of human embryonic stem cells. As an illustration, the potential and ethical problems affecting human embryonic stem cell research, which include the killing of human embryos. When does human life begin? Is a hotly contested topic in the United States that is strongly related to the abortion controversy.
Global Stem Cell Manufacturing Market Segmentation:
Type, application, End-User, and Geography are the segments used to group the worldwide stem cell manufacturing market study.
Based on Type, market are divided into Product and Services segments. Due to the rise in the advancement of regenerative medicines, the product segment is projected to lead the worldwide stem cell manufacturing market throughout the time of forecast. The potential for new medical treatment using stem cells is enormous.
Based on Application, the drug is divided into three categories: drug discovery and development, stem cell banking, and stem cell therapy. Out of these, the Stem Cell Therapy Segment is projected to rule the market over the upcoming years, and this can be due to rise in chronic and neurological diseases worldwide.
Stem Cell Banking Segment because more people are becoming aware of the advantage of stem cell preservation, is also anticipated to experience considerable increase in the near future.
Based on End-User, The pharmaceutical, biotechnology, cell and tissue banks, and other companies make up the market segments. Among which, the Pharmaceutical and Biotechnology Companies & CRO Segment is anticipated to lead the market throughout the course of the projected year. This is due to the growing utilisation of stem cells or adult stem cells for drug development. For drug development initiatives, major pharmaceutical corporations are employing stem cells.
Cell Banks and Tissue Banks Segment, is anticipated to experience rapid expansion in the not too distant future as a result of the rise in stem cell preservation. For research and clinical applications of stem-cell-based therapeutics, stem cell preservation is essential.
Global Stem Cell Manufacturing Market: Key Developments
In December 2020, in order to expand the range of cell culture medium products offered by the business, Sartorius AG entered into an agreement to purchase a significant stake from Israeli company Biological Industries.
In February 2020, for the collection of small volumes of blood samples in retail pharmacies, Becton, Dickinson & Company and Babson Diagnostics have formed a strategic alliance.
In May 2020, Moderna and Lonza Group announced their partnership in the production of Moderna’s coronavirus vaccine (mRNA-1273).
Global Stem Cell Manufacturing Market: Key Companies Insights
The market for producing stem cells on a worldwide scale is very cutthroat. This is due to the burden of neurological and chronic diseases increasing globally, which has led market participants to concentrate on introducing novel products.
The following are a few of the major companies in the worldwide stem cell manufacturing market:
Cellular Dynamics (Fujifilm Holdings Corporation), Sartorius, Dickinson and Company, Becton, Lonza Group, Stem Cell Technologies, Corning Incorporated, Merck Group, Thermo Fischer Scientific, Pluristem Therapeutics Inc., Miltenyi Biotec, Bio Elpida, Cell and Gene Therapy Catapult, Medinet Co. Ltd., Nikon CeLL Innovation Co. Ltd. (Nikon Corporation), Minaris Regenerative Medicine (Hitachi Chemical Co., Ltd.), Osiris Therapeutics, Inc (Smith & Nephew PLC), Anterogen Co., Ltd., Bio-Rad Laboratories, Holostem Terapie Avanzate S.r.l, MEDIPOST Co., PHARMICELL Co., Ltd., TAKARA BIO Inc., among others.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Stem Cell Manufacturing Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Stem Cell Manufacturing Industry Impact
Chapter 2 Global Stem Cell Manufacturing Competition by Types, Applications, and Top Regions and Countries
2.1 Global Stem Cell Manufacturing (Volume and Value) by Type
2.3 Global Stem Cell Manufacturing (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Stem Cell Manufacturing Sales, Consumption, Export, Import by Regions (2017-2023)
Chapter 5 North America Stem Cell Manufacturing Market Analysis
Chapter 6 East Asia Stem Cell Manufacturing Market Analysis
Chapter 7 Europe Stem Cell Manufacturing Market Analysis
Chapter 8 South Asia Stem Cell Manufacturing Market Analysis
Chapter 9 Southeast Asia Stem Cell Manufacturing Market Analysis
Chapter 10 Middle East Stem Cell Manufacturing Market Analysis
Chapter 11 Africa Stem Cell Manufacturing Market Analysis
Chapter 12 Oceania Stem Cell Manufacturing Market Analysis
Chapter 13 South America Stem Cell Manufacturing Market Analysis
Chapter 14 Company Profiles and Key Figures in Stem Cell Manufacturing Business
Chapter 15 Global Stem Cell Manufacturing Market Forecast (2023-2030)
Chapter 16 Conclusions
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