Animal Stem Cell Therapy Market is expected to surge around US$ 437.3 Mn by the end of 2032 at a CAGR of 5.2% | PMR

Animal stem cell therapy is a growing market within the veterinary and animal health industry. This therapy involves the use of stem cells to treat various diseases and injuries in animals. Stem cells are unique cells that have the ability to differentiate into different types of cells, making them ideal for repairing damaged tissues and organs.

The global animal stem cell therapy market is expected to grow significantly in the coming years, due to increasing demand for advanced treatment options for animals, particularly in the developed regions such as North America and Europe. Additionally, the growing demand for pet insurance, rising awareness about animal health, and increasing disposable income of pet owners are also contributing to the growth of the market.

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In recent years, the demand for animal stem cell therapy has increased significantly, driven by the growing awareness of the benefits of stem cell therapy and the increasing prevalence of chronic diseases in animals. The market is expected to continue to grow in the coming years, with a projected CAGR of around 5.2% from 2022 to 2032.

Companies

Aratana Therapeutics, Inc.
VetStem, Inc.
Regeneus Ltd.
Magellan Stem Cells
PrimeGen Biotech, LLC
Vetbiologics (.U.S. Stem Cell, Inc.)
Boehringer Ingelheim (Global stem cell technology)
Cell Therapy Sciences
MediVet Biologics LLC (Ardent Animal Health)

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There are several key players in the animal stem cell therapy market, including Regeneus, Vet-Stem, BioMedVet, and VetCell Bioscience. These companies offer a variety of stem cell therapies for different species of animals, including dogs, cats, horses, and livestock.

The use of animal stem cell therapy is still in the early stages of development, and there is a need for further research to fully understand the potential of these therapies. However, the growing body of evidence supporting the effectiveness of stem cell therapy in animals is likely to drive further growth in the market in the coming years.

Competitive Landscape

The market for animal stem cell therapy is moderately fragmented with the presence of well-established players. The market is subject to high competition, and market players actively seek collaborative approaches for new product development to ensure increased product outreach.

Acquisitions and mergers within the industry further promote the market presence of manufacturers, thus propelling the overall industry.

In 2019, Medrego launched a new stem cell therapy product for the well-being of dogs. CaniCell is used for the treatment of osteoarthritis and other degenerative diseases in canines.
In 2019, Elanco Animal Health Incorporated acquired Aratana Therapeutics. This acquisition was completed to develop and commercialize innovative therapeutics for canines and felines.
In 2021, Boehringer Ingelheim partnered with PetMedix, a U.K.-based company involved in the antibody research & development of animal health.

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Key Segments Covered in Animal Stem Cell Therapy Industry Research

Animal Stem Cell Therapy Market by Product Type:

Hemopoietic Stem Cells
Mesenchymal Stem Cells

Animal Stem Cell Therapy Market by Source:

Allogeneic Animal Stem Cell Therapy
Autologous Animal Stem Cell Therapy

Animal Stem Cell Therapy Market by Application:

Osteoarthritis
Soft Tissue Injuries
Traumatic Fractures
Tendonitis
Inflammatory Bowel Disease
Others

Animal Stem Cell Therapy Market by Species:

Canine
Feline
Equine

Animal Stem Cell Therapy Market by End User:

Veterinary Hospitals
Veterinary Clinics
Veterinary Research Institutes

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