Stem Cell Therapy Revolutionizing Conventional Therapy Market
• Global Cell Therapy Market Opportunity: More Than US$ 35 Billion by 2026
• Cell Therapy Clinical Trial Insight by Indication, Company & Country
• Global Cell Therapy Clinical Pipeline: 767 Cell Therapies
• Globally Marketed Cell Therapies: 25 Cell Therapies
• Maximum Number of Marketed Cell Therapies In USA: 15 Therapies
• Price & Product Insight By Region/Country
Growing awareness of the therapeutic potency of stem cells is quite effective in the treatment of number of diseases. The human body requires a wide range of cells to function, but it does not produce each and every cell type. Instead, it produces stem cells that have a wide scope of possible functions. Stem cell therapy has emerged as a promising new methodology in almost every medicine specialty.
Stem cell or undifferentiated cell therapy is the use of stem cells to treat or prevent a disease or condition. Stem cells are the type of cells which can differentiate into the different type of organs and tissues. Bone marrow transplant is the most widely used stem cell therapy, but some therapies derived from the umbilical cord blood are also in use. The untreatable neurodegenerative diseases have the possibility of becoming treatable with stem cell therapy. Tissue banks are also becoming more popular, as they are accumulating cells that are the source of regenerative medicine.
Increase in the adoption of stem cell therapy to treat diabetes, cancer, wounds, injuries and the growing investment by different companies and the government for development of innovative and new technologies is expected to fuel the growth of the global stem cell therapy market. The global stem cell therapy market is driven by technological advancements in the field of stem cell therapy, increasing patient awareness and health care expenditure, rising number of patients genetic disorders and requirement for regenerative medicine are central point driving the market.
Stem cell banking is gaining significance with the help of government initiatives. The number of stem cell banks is expanding in the developing countries, which is helping the growth and development of the market. Additionally, the increasing awareness about stem cell storage among the general population has positively influenced the stem cell therapy market.
In the coming years, stem cells are going to change medicine forever and beyond, and will potentially save life of the humans as the development of treatment methods has showed great expectations in the healthcare industry. After several decades of experiments, stem cell therapy is presently turning into a distinct advantage for medicine. With stem cell therapy and its regenerative benefits, human health can be prolonged in a more better and efficient manner.
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