Stem cell bears the great potential for creating new stem therapies of cell for the treatment of many deadly diseases. Stem cell therapy or the other name regenerative medicine as is known as helps in repairing the diseased response, dysfunctional and the injured tissue by use of stem cells and their by-products. These types of treatments are used in treating autoimmune, inflammatory, neurological and orthopedic illnesses and traumatic hurts. In the current trends, clinicians applies stem cell therapy in treating the patients with the above- mentioned ailments.
Globally, the market for stem cell manufacturing is predicted to report US$ 9672.0 million as per value by 2022.
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Rise in emphasis on the growth of the therapies of stem cell due to therapeutic capability of the stem cells is anticipated to fuel the market growth of the stem cell worldwide in the predicted period. For example, companies operating in the market are emphasizing on the launch of new treatments of the stem cell owing to the rise in problem of chronic as well as neurological ailments across the world. The Indian Government in February 2022 led the research of stem cell in many Departments or Institutions by the backup of basic and also medical researches by the means of national funding agencies. The amount of effort contributed in this respect has led to the creation of the ultra-modern infrastructure in about 40 best health research and educational institutions coupled with the secondary Indian industry creativities.
Rise in incidence of chronic as well as neurological ailments is anticipated to provide substantial opportunities of growth for the companies in the market of stem cell manufacturing worldwide. For example, clinicians are currently using the stem cells of the blood or the bone marrow in procedures for transplanting processes in treating people suffering from cancer, blood disorders and immune system. Therefore, with the increase in the problems of treating cancer patients, the application of the usage of stem cell treatment is also rising at an increased pace. As per the American Cancer Society in the year 2022, it is forecasted that the total number of diagnosed cancer cases will be 1.9 Mn and number of deaths by cancer will be 609,360 in the U.S. Therefore, the companies operating in the market are emphasizing on the introduction of new treatments of stem cell for treatment of cancer.
The stem cell manufacturing cost and the operational costs are quite high related with the stem cell banking is the main cause to hamper the market growth of the stem cell manufacturing worldwide. For example, stem cell gives the assurance of treating many new ailments. Though, the therapies of the stem cell are contributing a lot for the betterment of the individual’s health suffering from the deadly diseases, the stem cell manufacturing cost becomes a restraint in the market growth.
Stem Cell Manufacturing Market – Impact of Coronavirus (Covid-19) Pandemic
Stem cell therapies or treatment plays a vital part in treating COVID-19 people, and are so suggested for the treatment. Precisely, the pandemic took a toll on the common lives and thus had a great effect on the manufacturing market of stem cell. Thus, many companies, especially pharma and the government universities and the organization are engaged in the research trainings linked with stem cells. The U.S Food Drug and Administration (FDA) approved permission of BioCardia’s Investigational New Drug (IND) usage to start Phase I/II trials of the stem cell of BCDA-04 in adults who are recovering from COVID-19 associated to ARDS or the acute respiratory distress syndrome.
The market of stem cell manufacturing worldwide was priced at US$ 8584.2 million in the year 2021 and is predicted to the extent of US$ 20428.1 million by the end of 2028 at a CAGR of 13.3% from 2022 to 2028.
Considering type, the product segment had been in a dominant position in the market of stem cell manufacturing worldwide in the year 2021, reporting 81.5% value of share, raising the consent and the introduction of novel products is anticipated to boost the segment’s growth in the predicted period.
With the advancement in the technology of stem cell, the number of clinical trials across the world has also increased. Furthermore, promising government undertakings and care for R&D (research and development) of regenerative medicines have raised the need for stem cell manufacturing. Stem cell therapies/treatments are used in treating deadly diseases. Therfore, with the rise in problem of these ailments, the clinical trial numbers’ and the reseach and developmental activities are also rising at a very fast speed. This tendency is anticipated to last in the predicted period, pushing the growth of the market.
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The main companies participating in the market of stem cell manufacturing worldwide are
TAKARA BIO Inc., PHARMICELL Co., Ltd., MEDIPOST Co., Holostem Terapie Avanzate S.r.l, Bio-Rad Laboratories, Anterogen Co., Ltd., Osiris Therapeutics, Inc (Smith & Nephew PLC), Minaris Regenerative Medicine (Hitachi Chemical Co., Ltd.), Nikon CeLL Innovation Co. Ltd. (Nikon Corporation), Medinet Co. Ltd., Cell and Gene Therapy Catapult, Bio Elpida, Miltenyi Biotec, Pluristem Therapeutics Inc., Thermo Fischer Scientific, Merck Group, Corning Incorporated, Stem Cell Technologies, Lonza Group, Becton, Dickinson and Company, Sartorius, and Cellular Dynamics (Fujifilm Holdings Corporation, among others.
Becton, Dickinson and Company (BD) and the Biomedical Advanced Research and Development Authority (BARDA) in July 2020, decided to develop the manufacturing infrastructure for vaccination of the masses of the current pandemic.
Lonza Group and Noga Therapeutics in May 2020, partnered to develop an innovative cocoon platform in autologous Lentiviral Gene Therapy.
Sartorius Stedim Biotech in August 2019 pronounced the introduction of comprehensive services that provide GMP master manufacturing and under conditions of GMP, working of mammalian cell suspensions cell banks.
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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