USD 12.11 Billion
Report ID:
SQMIG35H2162 |
Region:
Global |
Published Date: August, 2024
Pages:
219
|Tables:
93
|Figures:
76
Stem Cell Therapy Market size was valued at USD 13.33 Billion in 2023 and is poised to grow from USD 14.68 Billion in 2024 to USD 31.7 Billion by 2032, growing at a CAGR of 10.1% during the forecast period (2025-2032).
Stem cells are the body's source of raw materials, and other cells in the body that have different functions develop from them. Regenerative medicine is also known as stem cell therapy, which is the use of stem cells or cells derived from them to improve the natural healing process of damaged, dysfunctional or diseased tissue in an organism. It is the next stage of organ transplantation, using cells rather than the few donor organs. In a lab, researchers cultivate stem cells. These stem cells are modified to become different kinds of cells, like blood, neurone, or heart muscle cells. The rise of the global stem cell therapy market is also significantly aided by the rising incidence of diseases like cancer and the introduction of new products related to the treatment.
The cells may also be inserted into an individual. The cells might be injected into the heart muscle, for example, if the patient has cardiac problems. After transplantation, the healthy heart muscle cells may help heal the damaged heart muscle. During the stem cell transplant procedure, the donor's immune system fights blood-related disorders and cancers such as leukemia, lymphoma, neuroblastoma, and multiple myeloma, or the damaged cells are replaced with the stem cells by chemotherapy. Umbilical cord blood or adult stem cells are used in these transplants. Stem cell therapy presents market potential due to the increase in induced pluripotent stem cells in embryonic stem cell therapy.
Global Market Size
USD 12.11 Billion
Largest Segment
Allogenic
Fastest Growth
Allogenic
Growth Rate
10.1% CAGR
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The global stem cell therapy market is segmented based on Cell Source, Application and Type. In terms of Cell Source, the market is segmented into Adipose Tissue-Derived Mesenchymal Stem Cells, Bone Marrow-Derived Mesenchymal Stem Cells, Cord Blood/Embryonic Stem Cells and Other. Based on the Application, the market is grouped into Cancer, Musculoskeletal Disorder, Wounds & Injuries, Cardiovascular Disease and Other. Based on the Type, the market is divided into Allogeneic Transplants and Autologous Transplants. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.
Analysis by Type
As per categorization by type, the stem cell therapy market is classified as allogeneic transplants and autologous transplants. Among these, autologous transplants earned the largest share and continue to dominate the market. The stem cell industry is dominated by autologous transplants, in which patients use their own stem cells for therapy, since they have a lower risk of immunological rejection and consequences than allogeneic transplants. Advances in cell processing and preservation methods have increased their efficacy, which is why customized treatments are best served by using cells.
The global stem cell therapy market is expected to witness rapid growth in the allogeneic transplant segment due to developments in immune suppression tactics and matching technologies. Their growing acceptance and business expansion are driven by their promise to treat more illnesses through donor cells from well individuals.
Analysis by Application
With developments like CAR-T cell therapy and tailored stem cell engineering, stem cell therapy applications for cancer are progressing. These methods can be credited for their market share dominance as they offer customized and sophisticated treatments against a lot of cancers. These have led to increased effectiveness and improved patient outcomes responsible for their growth in the marketplace and widespread use.
A lot is changing in stem cell-based regenerative treatments helping heart function and repair leading to projections that cardiovascular diseases applications will be among the fastest growing in global stem cell therapy market. The rising prevalence of cardiovascular diseases along with innovation in clinical tests has resulted in quick uptake and growth of businesses.
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North America leads the global stem cell therapy market due to its robust regulatory backing, significant investments in research and development as well as an elaborate healthcare network. This region also houses key biotech firms and scholarly bodies which stimulates advancement of stem cell technologies. Furthermore, a strong demand for cutting-edge medicines and the increasing frequency of chronic diseases fuel market expansion. The region's leadership is further strengthened by the financing for stem cell research and the supportive policies of the U.S. government. North America's market dominance is further attributed to the existence of significant market players and a firmly structured clinical trial infrastructure.
Asia Pacific has the fastest growth in the stem cell therapy market due to its rapidly growing health care sector, more government funding and supportive regulatory frameworks. Countries like China, Japan, and South Korea are leading in stem cell research and clinical trials fueled by a growing emphasis on regenerative medicine. The demand for new treatments is stimulated by the region’s large and aging population coupled with rising incidences of chronic diseases. Lower manufacturing and operational costs as well as increased collaborations between academic institutions and biotechnology companies are other reasons why Asia Pacific is experiencing rapid growth and significance in the worldwide market.
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Global Stem Cell Therapy Market Drivers
More Money Allocated to Stem Cell Research:
Emergence of iPSCs as an ESC Substitute:
Restraints
Issues of Ethics Pertaining to Embryonic Stem Cells:
Technical Limitations:
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The global stem cell therapy market is extremely competitive worldwide, with major competitors spearheading research and growth. The global firms like Mesoblast Limited, Athersys, Inc., and Novartis AG have strong R&D pipelines and advanced stem cell drugs. They focus on clinical trials, launches of new products or strategic partnerships as a way of maintaining their competitive edge. Biotech companies are increasingly collaborating with academic institutions in the market to fast track the development of novel therapeutics.
Top Player’s Company Profiles in Stem Cell Therapy Market
Stem Cell Therapy Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, there are fast developments in the global stem cell therapy market due to advances made in regenerative medicine and growing need for new treatments. Stem cells, being our own building blocks, are important in the differentiation of specialized cells hence possessing vast curative capabilities for a variety of illnesses.
New paths have been opened by the advent of induced pluripotent stem cells (iPSCs) due to great advancements in research leading to reduced clinical trials costs and improved regenerative medicine. Nevertheless, ethical issues relating to human embryonic stem cells and challenges in large scale production still limit their use. Despite these constraints, the market is still competitive with major players constantly innovating.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 12.11 Billion |
Market size value in 2031 | USD 28.79 Billion |
Growth Rate | 10.1% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Stem Cell Therapy Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Stem Cell Therapy Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Stem Cell Therapy Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Stem Cell Therapy Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35H2162
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