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Stem Cell Therapy Market Study Report 2021 | Astellas Pharma Inc, Cellectis, Celyad, Novadip Biosciences, Gamida Cell, Capricor Therapeutics, Cellular Dynamics
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A substantial upsurge in the worldwide geriatric population is likely to push the growth graph of stem cell therapy market size in ensuing years. Aged people are more vulnerable to degenerative disorders such as Alzheimer’s and Parkinson’s diseases. Stem cell therapies provide numerous advantages over the conventional therapeutic methods which makes it apt to be preferred for treating degenerative diseases. Newly advanced stem cell therapies produce healthy cells by substituting defective cells via minimally invasive techniques. Thus, a major percentage of the geriatric populace depends on stem cell therapies which has proven to be advantageous for stem cell therapy industry outlook.
In 2018, stem cell therapy market from allogenic stem cell therapy segment garnered about $3 billion and is expected to grow considerably in the times to come. Allogenic transplant entirely substitutes host cells with donor cells. It also possesses capabilities to remove genetic alterations and viral reservoirs. For that reason, allogenic stem cell therapies are being highly used to offer treatment to patients dealing with leukemia and numerous other life-threatening diseases. Such numerous benefits provided by allogenic stem cell therapy are likely to upsurge its demand, thereby proliferating segmental and stem cell therapy industry size growth.
A stem cell therapy market forecast report has projected that orthopedic segment is estimated to observe more than 9% growth rate over 2019-2025. The growth of orthopedic stem cell industry share can be accredited to increase in number of trauma and accidents cases across the globe. Stem cell therapy has successfully found its application in treatment of bone-joint injuries which include fractured bone and spinal defects, femoral head, osteogenesis imperfecta, and ligament tendon.
Mesenchymal stem cell therapy has gained preference in treatment of orthopedic diseases such as osteoporosis and arthritis owing to its potential to differentiate between cartilage and bone, positively influencing the overall stem cell therapy market trends.
In 2018, clinics segment accounted for almost 35% revenue share and helped to propel stem cell therapy industry outlook. Clinics are well equipped with skilled professionals and innovative medical equipment which allow them to offer high-class stem cell therapies. Clinics can offer specialized stem cell treatment in areas like oncology, orthopedics, and cardiovascular which is beneficial for development of stem cell therapy market trends from clinics segment.
Reports have predicted that Europe stem cell therapy industry size is slated to witness about 10% growth over 2019-2025. The growth of the industry in Europe can be attributed to intensifying prevalence of chronic diseases. Furthermore, the regulatory setup for stem cell therapies has also been improving gradually and impacting stem cell therapy market size.
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There are several prominent market players partaking in stem cell therapy industry share including Cellectis, Astellas Pharma, Celyad, Gamida Cell, ReNeuron Group, Capricor Therapeutics, Novadip Biosciences, Cellular Dynamics, CESCA Therapeutics, OxStem, Mesoblast, Takeda Pharmaceuticals, and DiscGenics. A stem cell therapy market forecast report published by Global Market Insights, Inc., has predicted that stem cell therapy industry share will surpass revenue proliferation of $15 billion by 2025.
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About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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