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Stem Cell Therapy Market Worth $ 3693.6 Billion by 2027 – Exclusive Report by Emergen Research
Stem Cell Therapy Market
The global Stem Cell Therapy Market is expected to reach USD 3,693.6 Million by 2027, according to a new report by Emergen Research. The stem cell therapy market is experiencing increased demand due to the rise in the number of clinical trials all over the world. Stem cells are applicable to the development of regenerative medicine, commonly used in the field of dermatology. However, the demand for stem cell applications in the oncology segment will witness the highest growth due to several pipeline projects present for the treatment of cancer or tumors.
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Key Highlights From The Report
Allogeneic Stem Cell Therapy dominated the segment of stem cell therapy by type. Allogeneic transplant is recommended to those patients who have a high risk of relapse even after successful treatment with chemotherapy. An increase in the occurrence of cancer relapse has propelled the demand for the segment. The segment has an added advantage as they manufacture their own immune stem cells. These cells have the potential to kill cancer cells that are left behind after high-dosage treatment with cytotoxic drugs.
The enhancement in the cutting-edge orthopedic treatments involving stem cell therapy has helped in the relief of pain and also in recovery time. It eliminates the need for medication and invasive surgery, such as joint replacements leading to increased mobility. The regenerative medicine segment is anticipated to grow with a CAGR of 36.4% during the forecast period.
Hospital held a larger market share due to the rising preference for stem cell therapies in these institutions. Hospitals are affiliated with academic institutes and research laboratories for the development of new therapies. Hospitals implement the latest discoveries.
North America will account for the largest share of the global stem cell market. The major contribution will be from the United States, and the region will witness high growth owing to the increased amount of funding by the private as well as government firms for clinical trials.
Key participants include Virgin Health Bank, Celgene Corporation, ReNeuron Group plc, Biovault Family, Precious Cells International Ltd., Mesoblast Ltd., Opexa Therapeutics, Inc., Caladrius, Neuralstem, Inc., and Pluristem, among others.
Stem Cell Therapy Market Region:
The report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.
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The Global Stem Cell Therapy Market report is furnished with key market statistics organized in the form of charts, graphs, tables, diagrams, figures, and other pictorial representations. The report offers an exhaustive analysis of the key market aspects like market size, volume, share, current and emerging trends, production and consumption rate, and other key elements that offer an idea about the prospective expansion of the Stem Cell Therapy industry.
Type Outlook (Revenue, USD Million; 2017-2027)
Allogeneic Stem Cell Therapy
Autologous Stem Cell Therapy
Application Outlook (Revenue, USD Million; 2017-2027)
Regenerative Medicine
Orthopedics
Neurology
Hematology stem cells
Soft tissue injuries
Cardiovascular and myocardial infarction-based
Oncology
Diabetes
Liver Disorder
Others
Drug discovery & development
End-User Outlook (Revenue, USD Million; 2017-2027)
Clinics
Hospitals
Others
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The report considers the following timeline for market estimation:
Historical Years: 2017-2018
Base Year: 2019
Estimated Year: 2027
Forecast Years: 2020-2027
Significant Features of the Stem Cell Therapy Market Report:
Extensive competitive landscape analysis to offer the readers key insights into driving and restraining factors along with strategies adopted by the key players
Assessment of the existing and emerging trends of the business sphere
Detailed analysis of the emerging growth opportunities and threats and limitations the players might face in the coming years
Significant breakdown of the market to assess the factors that might influence the global market growth
An 8-year forecast for better understanding of the workings and growth opportunities of the market
Read more@ https://www.emergenresearch.com/industry-report/stem-cell-therapy-market
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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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