Press release
Stem Cell Therapy Market Size Share Growth Opportunities and Forecast 2023-2030
Stem Cell Therapy Market-DataM Intelligence
Forecasted CAGR of 16.6% Indicates Robust Growth in the Stem Cell Therapy Market
The global stem cell therapy market, valued at US$5.8 billion in 2022, is poised for remarkable growth, anticipating a surge to US$19.1 billion by 2030, according to recent industry analysis. This trajectory is underpinned by a projected Compound Annual Growth Rate (CAGR) of 16.6% during the forecast period from 2023 to 2030.
Regenerative medicine, leveraging stem cells to replace damaged or lost cells in the body, stands as a promising frontier in medical science. The approach holds potential for treating various conditions, including Parkinson's disease, multiple sclerosis, stroke, and spinal cord injuries.
Market Dynamics and Growth Factors
The stem cell therapy market's expansion is driven by several factors, including substantial funding for stem cell research, a rising number of Good Manufacturing Practice (GMP) certified cell therapy production facilities, and an uptick in clinical trials associated with stem cell therapies. The global market is anticipated to benefit from an increasing number of clinical trials and other growth-inducing factors throughout the forecast period.
Market Scope and Segmentation
Metrics:
CAGR: 16.6%
Size Available for Years: 2021-2030
Forecast Period: 2023-2030
Data Availability: Value (US$)
Segments Covered:
Type
Cell Source
Therapeutic Application
End User
Regions Covered:
North America
Europe
Asia-Pacific
South America
Middle East & Africa
Fastest Growing Region:Asia-Pacific
Largest Region: North America
Report Insights Covered:
Competitive Landscape Analysis
Company Profile Analysis
Market Size, Share, Growth
Demand, Recent Developments
Mergers and Acquisitions
New Infection Type Launches
Growth Strategies
Revenue Analysis
Porter's Analysis
Pricing Analysis
Regulatory Analysis
Supply-Chain Analysis
Other Key Insights
Download Sample: https://www.datamintelligence.com/download-sample/stem-cell-therapy-market
Market Dynamics:
Rise in the Prevalence of Chronic Diseases:
The growing incidence of chronic diseases, including musculoskeletal disorders, cardiovascular diseases, and cancer, is a significant driver of market growth. Diseases like diabetes are particularly concerning, with the International Diabetes Federation projecting a rise to 643 billion cases by 2030. The prevalence of chronic diseases is expected to propel the stem cell therapy market forward.
Rise in Government Initiatives:
Government initiatives, such as those witnessed in India in February 2022, play a crucial role in fostering regenerative medicine research. The Government of India invested in cutting-edge stem cell research facilities, contributing to the growth of stem cell therapy. Similar initiatives worldwide are expected to boost research endeavors and further drive market growth.
Ethical Concerns Related to Embryonic Stem Cells:
While embryonic stem cells show therapeutic potential, ethical concerns surrounding their use may pose challenges to market expansion. Adequate government regulations defining permissible practices in embryo-based stem cell research are crucial for guiding researchers, scientists, and pharmaceutical firms in this field.
Segment Analysis:
The global stem cell therapy market is segmented based on type, cell source, therapeutic application, end user, and region. The allogeneic stem cell therapy from the type segment, accounting for approximately 52.1% of the market share, is expected to dominate the market during the forecast period. Key collaborations, such as the strategic partnership between Century Therapeutics and Bristol Myers Squibb, contribute to the segment's growth.
To know more insights: https://www.datamintelligence.com/research-report/stem-cell-therapy-market
Geographical Share:
North America holds a significant share of approximately 40.6% throughout the forecast period. The region's strong regulatory framework, the presence of key industry players, and leading universities supporting research activities contribute to its prominence. Notable developments, such as Cellino Biotech's Series A financing round in January 2022, underscore the region's commitment to stem cell technologies.
Market Players:
Major global players in the stem cell therapy market include Advanced Cell Technology Inc, Angel Biotechnology, Bioheart Inc, Brainstorm Cell Therapeutics, Caladrius Biosciences, Celgene Corporation, Cellartis AB, CellGenix GmbH, Cellular Engineering Technologies Inc, Gamida Cell, and others.
By Type:
Allogeneic Stem Cell Therapy
Autologous Stem Cell Therapy
By Cell Source:
Adipose Tissue-derived MSCs
Bone Marrow-derived MSCs
Placental/Umbilical Cord-derived MSCs
Others
By Therapeutic Application:
Musculoskeletal Disorders
Neurological Disorders
Inflammatory and Autoimmune Disorders
Cardiovascular Diseases
Others
By End User:
Hospitals
Specialty Clinics
Others
By Region:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Spain
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Middle East and Africa
Related Reports:
Cancer Stem Cell Therapy Market: https://www.datamintelligence.com/research-report/cancer-stem-cell-therapy-market
Animal Stem Cell Therapy Market: https://www.datamintelligence.com/research-report/animal-stem-cell-therapy-market
Cell Therapy Market: https://www.datamintelligence.com/research-report/cell-therapy-market
Contact Us -
Company Name: DataM Intelligence
Email: info@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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