Growth opportunities in the Stem Cell Market look promising over the next six years. This is mainly due to the support of government initiatives, increasing focus on the treatment of neurological disorders, and the rise in clinical trials.
Stem Cell Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The surging number of clinical trials throughout the world is the major driver responsible for the growth of the global stem cell market. In accordance with the “National Library of Medicine,” the number of clinical trials reached 2373,420 by the end of April 2021 from 205,344 in 2015, contributing to the market growth. Moreover, increasing favorable initiatives coupled with the expanding consciousness among consumers related to the storage of these cells are fuelling the market growth. For instance, the “Australian Government Department of Health,” in April 2021, initiated a “Stem Cell Therapies Mission”, under which US$ 150 million will be invested for effective treatment of Australians over nine years, which will promote the stem cell market size. Also, the rising emphasis on neurological disorders cure is paving the way for the stem cell industry’s growth. As per the World Health Organisation, approximately 7.1 % of the total diseases were led by cardiovascular or neurological diseases and can be treated by stem cell therapy. However, in accordance with the stem cells market research, the complexities associated with unascertained regulatory directions for preservation and commercialization will hamper the market growth.
Product Segment Drivers
Based on the product, adult stem cells are predicted to dominate the market during the forecast period. The factors driving the growth are tumorigenesis, immune rejection, and minor controversial issues concerning ethics. In addition, the escalating number of clinical trials has raised the market growth.
Regional Drivers
On the basis of regional coverage, North America is projected to lead the market over the forecast period. This is because of the convincing encouragement to employ cellular therapies for evolving diseases, which has raised the market growth primarily in the United States and Canada. For instance, FDA in 2020 accepted a clinical trial that used umbilical cord-derived MSCs for curbing the life-menacing lung inflammation in COVID-19 patients, along with the vigorous reimbursement policies that bolstered the market growth.
Stem Cell Market’s leading Manufacturers:
- Angel Biotechnology
- Kite Pharma
- PromoCell GmbH
- Cellular Engineering Technologies Inc.
- STEMCELL Technologies, Inc.
- Cellartis AB
- Lonza
- CellGenix GmbH
- BioTime, Inc.
- Advanced Cell Technology, Inc.
Stem Cell Market Segmentation:
Segmentation by Product:
- Adult Stem Cells (ASCs)
- Human Embryonic Stem Cells
- Induced Pluripotent Stem Cells (Ipscs)
- Very Small Embryonic Like Stem Cells
Segmentation by Application:
- Regenerative Medicine
- Drug Discovery and Development
Segmentation by Technology:
- Cell Acquisition
- Cell Production
- Cryopreservation
- Expansion and Sub-Culture
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
