1 July 2019: Global Stem Cells Market is expected to reach USD 15.63 billion by 2025. Stem cells are termed as unspecialized cells, which are capable of renewing themselves through cell division. In addition, under specific conditions, they can be induced to become organ- or tissue-specific cells with distinct functions. When a stem cell splits, each fresh cell has the potential either to remain a stem cell or become another type of cell with a more specific function like a brain cell, or a muscle cell, a red blood cell. The Stem Cell Market is estimated to grow at a significant CAGR of 9.2% over the forecast period as the scope and its applications are rising enormously across the globe.
Rising awareness among populace regarding stem cells in disease management, growing government and private investments for stem cell research, and developing stem cell banking are documented as major factors of Stem Cells Industry that are estimated to enhance the growth in the years to come. However, high cost and socio-ethical issues related to its use for disease treatment are the factors that may restrain overall market growth in the coming years.
Stem Cells Market is segmented based on product type, technology, therapy, application, and region. Embryonic stem cells, adult stem cells, induced pluripotent stem cells, and human embryonic stem cells are the product types that could be explored in Stem Cells in the forecast period. Adult stem cells comprise of umbilical cord stem cells, neuronal stem cells, mesenchymal stem cells, hematopoietic stem cells, and others.
Expansion and sub-culture, cell acquisition, cryopreservation, and cell production are the enhanced technology used that could be explored in Stem Cells in the forecast period. Cell acquisition sector accounted for the substantial market share of Stem Cell and is estimated to lead the overall market in the coming years. This may be because of substantial growth in cell harvesting. Bone marrow is exclusively used technology for cell acquisition for production of new cells from bone marrow stem cells.
Allogeneic Stem Cell Therapy and Autologous Stem Cell Therapy are the therapies that could be explored in Stem Cells in the forecast period. Autologous stem cell therapy sector is estimated to lead the overall market with significant market share of Stem Cells. This may be because of advanced compatibility linked with them.
The market may be categorized based on applications like drug discovery and development, regenerative medicine, and others could be explored in the forecast period. Regenerative medicine may include orthopedics, hematology, injuries, liver disorder, neurology, diabetes, and others. Regenerative medicine sector accounted for the significant market share of Stem Cell and is estimated to continue its dominance in the coming years.
Globally, North America accounted for the substantial market share of Stem Cells and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be developed research centers with latest technology, government initiative and high investment in the field, growing occurrence of chronic diseases, and vast economic growth. The United States is a major consumer of Stem Cells in the region.
https://www.millioninsights.com/industry-reports/stem-cells-market
Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise developing healthcare and research & development infrastructure, government initiative, and growing occurrence of diseases. The developing countries like India and China are the major consumers of Stem Cells in the region.
The key players of Stem Cell Market are STEMCELL Technologies Inc., Advanced Cell Technology Inc., Cynata, Osiris Therapeutics Inc., BIOTIME, and Celgene Corporation. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.
No comments:
Post a Comment