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Global Stem Cells Therapy Market Growth factors, Size, Share, Trends, Top Key Players Analysis 2013-2017, Forecast 2018-2024
Global Stem Cells Therapy Market
Stem cells are fundamentally used to treat various disorders and diseases. Stem cells are first cells of any tissue or organ of the body. Stem cells are different and specialized cells such as liver cells, cardiac cells, etc. and can renew, repair itself to produce more stem cells. Stem cells help in repairing and replacing the damaged tissues in the human body. With the quality of stem cells to repair itself they are used to treat various chronic diseases such as blood disorders, cancers, etc.
Growing awareness about the importance of stem cells in disease management, rise in public and private investments in the stem cells research, development of advanced gene-based analysis techniques are some of the factors which are leading the growth of stem cells therapy market. In addition to that, newer stem cells techniques and development towards the infrastructure for stem cell banks are some other factors leading towards the growth of the stem cells therapy market. On the other hand, destruction of human embryos, disrespect involved in the process of stem cells extraction, strict regulation policies for clinical trials on humans, the high cost of research and storage charges are causing a roadblock for the adaptation of stem cells therapy.
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Stem cells therapy is divided as under-
1. Treatment
• Allogeneic
• Autologous
2. Cell type
• Adult Stem Cells
• Induced Pluripotent Stem Cells
• Human Embryonic Stem Cells
• Others
3. Technology
• Cell Production
• Cell Acquisition
• Cryopreservation
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4. End-user
Hospitals, Ambulatory Surgical Centers, and Research Centers.
Lastly, it is divided into geographical regions for stem cell therapy market-North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America dominates global stem cell therapy market due to factors such as a rise in chronic diseases, rising investment in research and development, development of healthcare infrastructure and growing awareness are some favorable conditions. Similarly, Asia-Pacific region is growing due to better government policies, developing healthcare sector, expenditure on R & D are expected to boost the stem cells therapy market.
Some important key players in stem cell therapy market are STEMCELL Technologies Inc. (Canada), Cytori Therapeutics Inc. (U.S.), GE Healthcare (U.S.), Thermo Fisher Scientific (U.S.), Fibrocell Science (U.S.), Vericel Corporation (Aastrom Bioscience) (U.S.), Cellartis AB (Cellectis) (France), etc. In 2016, Mesoblast limited, Japan, JCR Pharmaceuticals Co. Ltd. launched their first allogenic cell therapy “TEMCELL” to be approved in Japan for treatment of acute graft versus host disease in children and adults.
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In addition to this, academic institutions and research firms are collaborating in developing stem cells therapy are helping the market growth of stem cells. In 2015, Cellular Dynamics International, Inc. (Fujifilm) collaborated with Roche to supply iCell (CDI’s induced pluripotent stem cell-derived) products that enable the identification of novel candidates at the early stages of drug discovery. Similarly, in 2017, Magenta Therapeutics entered into a partnership with Be The Match BioTherapies to improve and expand the use of curative stem cell transplantation.
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