Technological Advancements to Significantly Influence Global Stem Cell Market Growth

According to Inkwood Research, the Global Stem Cell Market is projected to register a CAGR of 7.82% in terms of revenue during the forecasting years of 2021-2028.

"Browse 93 Market Data Tables and 65 Figures spread over 286 Pages, along with an in-depth TOC on the Global Stem Cell Market Forecast 2021-2028."

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Stem cells harbor substantial potential, in terms of cutaneous tissue regeneration and facilitating wound repair in a paracrine manner. Numerous types of cells, such as, hematopoietic stem cells, adipose-derived stem cells, epithelial stem cells, resident tissue stem cells, embryonic stem cells, and mesenchymal stem cells, are presently under extensive investigation. As a result, this is likely to contribute to the stem cell market growth.

Technological Advancements Anticipated to Drive Market Growth

Technological advancements across stem cell-based therapies have substantially increased the demand, and transformed researchers' perspective towards regenerative medicine. For instance, hematogenic stem cells are currently used for treating leukemia and other blood-related conditions. The regulatory and commercial aspects are projected to continue influencing these factors. Besides, the growing rate of success is likely to essentially drive market demand.

Likewise, British and Canadian researchers have discovered an innovative method of stem cell generation, which does not destroy human embryos. The procedure is characterized by re-programming skin cells from an adult to embryo-like stem cells. Additionally, a novel method, termed, induced pluripotent stem cell (iPS) therapy is developed to administer adult stem cells, without injecting viruses that cause cancer.

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Autologic Stem Cell Therapy is the Prominent Treatment Type

Autologic stem cell therapy entails the patient's stem cells being removed from the bone marrow or blood, and put into a cryogenic facility. The main purpose of an autologous transplant is allowing the patient to be given high chemotherapy doses, with or without radiation. This would otherwise be highly toxic to tolerate since the bone marrow would be extensively damaged. After the patient undergoes an intensive regimen of chemotherapy and, or, radiation therapy, the previously removed and frozen stem cells are then thawed and placed back into the body of the patient. Since the patient has been treated with their cells, there is no possibility of developing graft-versus-host disease (GVHD). As a result, this is the treatment modality's significant advantage.

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North America to be the Dominant Region by 2028

Growing investments in research and development endeavors across the field of stem cells, in addition to other pharmaceuticals, predominantly drives the market growth in North America. Moreover, the increasing numbers of chronic conditions further contribute to the region dominating the global market. For instance, cancer cases, among females and males, have notably surged, over recent years.

Stem cells play an essential role in drug discovery as well as toxicology. As a result, the degree of intensity towards technical strength optimization, especially in terms of stem cells, is consistently growing. This aspect is vital in facilitating the growth of enterprises operating in the market. Therefore, the industrial rivalry across the global stem cell market is expected to increase further, and continue to remain high during the forecast years. Leading companies in the market include, Qiagen NV, Smith & Nephew PLC, GE Healthcare, Corning Inc, Becton, Dickinson and Company, etc.

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