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Stem Cell Market Share, Segments, Drivers And Forecast 2023 To 2032 | Anterogen Co., Ltd., Mesoblast Ltd., Osiris TherapeuticsInc., AlloSource, Cellular Engineering Technologies
Stem Cell Market Share
The Business Research Company's Stem Cell Global Market Report 2023 identifies increase in the prevalence of Chronic diseases worldwide as the major driver for the Stem Cell market's growth in the forecast period. Bone marrow transplant is the most widely used stem-cell therapy, but some therapies derived from umbilical cord blood are also in use. Currently, widely used stem cell treatment is the transplantation of blood stem cells to treat diseases and conditions of the blood and immune system, or to restore the blood system after treatments for specific cancers. According to WHO, in 2020, prevalence of chronic disease increased to 57%.
The global stem cell market grew from $12.72 billion in 2022 to $13.97 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The stem cell market is expected to grow from $20.67 billion in 2027 at a CAGR of 10.3%.
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Major competitors in the Stem Cell market are Anterogen Co., Ltd., Mesoblast Ltd., Osiris TherapeuticsInc., AlloSource, Cellular Engineering Technologies, BIOTIMEInc., Astellas Pharma USInc., Vericel, RTI SurgicalInc. and Takara Bio Company.
A key trend in the Stem Cell market includes low acceptance rate for stem cell therapy treatments. The acceptance rate is particularly low in the Embryonic stem cell therapeutics. Most of these stem cell therapies are yet to be proven in clinical trials and are highly experimental. Due to the nature of these unproven treatments, patients are reluctant to take up these therapies as they present serious health, personal and financial issues. For example, if a person undergoes an unproven or experimental treatment it might make that person ineligible for future clinical trials or treatment options.
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The Stem Cell market is segmented -
By Source: Autologous, Allogeneic
By Product Type: Adult Stem Cell, Human Embryonic Stem Cell, Induced Pluripotent Stem Cell, Other Products
By Application: Regenerative Medicine, Drug Discovery And Development
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Stem Cell market.
The Business Research Company's "Global Stem Cell Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Stem Cell Market Include:
1. Executive Summary
2. Stem Cell Market Characteristics
3. Stem Cell Market Trends And Strategies
4. Stem Cell Market - Macro Economic Scenario
5. Stem Cell Market Size And Growth
……
26. Africa Stem Cell Market
27. Stem Cell Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Stem Cell Market
29. Stem Cell Market Future Outlook and Potential Analysis
30. Appendix
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