Stem Cells Market to Register Steady Expansion during 2021-2027
The Stem Cells Market report has every minute detail required for studying the global Stem Cells Market prominence provided in a very clear and understandable approach. The current record details everything whether intricate or simple in a structure of product and supply statistic, product type, economic fluctuations, product relevance, end-users, key industry players, geographical growth, and more.
Stem cells that are undifferentiated cells which are able to differentiate themselves from any type of cell that makes up the human body and, as a result, are able to produce non-regenerating cells such as neural and myocardial cells.
The global stem cells market is estimated to account over US$ 9,941.2 Mn in terms of value in 2020 and is expected to reach around US$ 18,289.9 Mn by the end of 2027.
Growing number of approval and launching of novel products is expected to drive growth of the global stem cells market during the forecast period. For instance, in December 2019, BioRestorative Therapies, Inc. received a Notice of Allowance on its patent application for a method of generating brown fat stem cells from Israeli Patent Office.
Moreover, rising number of stem cell banking resource centers, which is also expected to drive growth of the global stem cells market. For instance, in March 2020, Stemlife Berhad, a cord blood bank in Malaysia, started a Stem Cell Banking Resource Center in Jerudong Park Medical Center, Brunei.
Adult stem cells held a dominant position in the global stem cells market in 2019, and is estimated to account around 81.2% share in terms of value, followed by Human Embryonic Stem Cells and Induced Pluripotent Stem Cells, respectively.
The high cost of stem cell therapy, which is expected to hamper growth of the global stem cells market over the forecast period. For instance, Bioinformant— a research firm engaged in stem cell research, reported that the cost of stem cell therapy ranges around US$ 5,000-8,000 per patient and in some cases it may rise as much as US$ 25,000 or more depending on the complexity of the procedure.
Moreover, rising restrictions on research activities related to stem cells had hindered the growth of embryonic stem cells historically and resulted in its meager share in the total market in spite of its advantages over adult stem cells.
Increasing number of R&D in stem cell donation is expected to provide growth opportunities for players in the global stem cells market. For instance, in March 2020, researchers from Dankook University and Catholic University, South Korea, reported investigation of the types and degrees of physical and psychological discomfort experienced by hematopoietic stem cell donors before, during, and after the donation process.
Moreover, rising adoption of online distribution channel is also expected to pose growth of the global stem cells market. For instance, “The US Direct-to-Consumer Marketplace for Autologous Stem Cell Interventions”, published in the journal Perspectives in Biology and Medicine, in 2018, the number of new stem cell businesses with websites doubled on average every year between 2009 and 2014, in the U.S.
The global stem cells market was valued over US$ 9,112.0 Mn in 2019 and is forecast to reach a value around US$ 18,289.9 Mn by 2027 at a CAGR of 9.1% between 2020 and 2027.
By Type: Adult Stem Cells, Human Embryonic Stem Cells, Induced Pluripotent Stem Cells, Natural Rosette Cells, Very Small Embryonic Like Stem Cells.
By Application: Regenerative Medicine, Drug Discovery and Development.
By Technology: Cell Acquisition, Cell Production, Cryopreservation, Expansion and Sub-Culture
Market Trends/Key Takeaways
Growing adoption of stem cells for the treatment of various diseases is expected to drive growth of the global stem cells market. For instance, in January 2020, researchers at University of Houston developed biologic cardiac pacemaker-like cells by taking fat stem cells and reprogramming them as an alternative treatment for heart conditions such as conduction system disorders and heart attacks.
Moreover, rising investment in stem cell therapies is also expected to propel growth of the market. For instance, in July 2018, the Emory Orthopaedics & Spine Center, in collaboration with Sanford Health, Duke University, Andrews Institute, and Georgia Institute of Technology, received US$ 13 million grant from the Marcus Foundation for a multicenter clinical trial studying stem cell options for treating osteoarthritis. The Phase 3 trial was initiated in March 2019, and is expected to complete by December 2021.
Key players in the market are focusing on adoption of collaboration and partnership strategies to expand their product portfolio. For instance, in September 2018, STEMCELL Technologies signed an exclusive license agreement with Brigham and Women’s Hospital for rights to commercialize technologies for the generation of human pluripotent stem cell-derived kidney organoids.
Major Key Players Include In Stem Cells Market: Advanced Cell Technology, Inc., Angel Biotechnology Holdings PLC, Bioheart Inc., Lineage Cell Therapeutics., BrainStorm Cell Therapeutics, Inc., California Stem Cell Inc., Celgene Corporation, Takara Bio Europe AB, Cellular Engineering Technologies, Cytori Therapeutics Inc., Osiris Therapeutics, and STEMCELL Technologies Inc.
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Main points in Stem Cells Market Report Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Stem Cells Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Stem Cells Industry Impact
Chapter 2 Global Stem Cells Competition by Types, Applications, and Top Regions and Countries
2.1 Global Stem Cells (Volume and Value) by Type
2.3 Global Stem Cells (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 Cells Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Stem Cells Market Analysis
Chapter 6 East Asia Stem Cells Market Analysis
Chapter 7 Europe Stem Cells Market Analysis
Chapter 8 South Asia Stem Cells Market Analysis
Chapter 9 Southeast Asia Stem Cells Market Analysis
Chapter 10 Middle East Stem Cells Market Analysis
Chapter 11 Africa Stem Cells Market Analysis
Chapter 12 Oceania Stem Cells Market Analysis
Chapter 13 South America Stem Cells Market Analysis
Chapter 14 Company Profiles and Key Figures in Stem Cells Business
Chapter 15 Global Stem Cells Market Forecast (2021-2027)
Chapter 16 Conclusions
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