Press release
Human Embryonic Stem Cells Market Size, Share Report, 2033
Human Embryonic Stem Cells Market Trends
As per the report, the human embryonic stem cells market size has grown rapidly in recent years. It will grow from $1.13 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The human embryonic stem cells market size is expected to see rapid growth in the next few years. It will grow to $1.83 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%.
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Government Funding In Regenerative Medicine Is Propelling Growth Of Human Embryonic Stem Cells Market
The government funding for the development of regenerative medicine is expected to propel the growth of the human embryonic stem cells market going forward. Regenerative medicine is a field of healthcare focused on repairing, replacing, or regenerating damaged tissues or organs to restore normal function in the body. There is increasing government funding for the development of regenerative medicine due to factors such as the rising prevalence of chronic diseases, advancements in stem cell research, and the potential for innovative treatments to improve patient outcomes. Human embryonic stem cells are utilized in regenerative medicine to develop potential therapies for repairing or replacing damaged tissues and organs in the body. For instance, in May 2022, according to the Government of Canada, a Canada-based body responsible for the federal administration, the stem cell network received $45 million in funding over three years, beginning in 2022-23, as part of the Budget 2021 allocation to bolster stem cell and regenerative medicine research. Therefore, government funding for the development of regenerative medicine is driving the growth of the human embryonic stem cells market.
Expansion Into Diverse Therapeutic Applications To Advance Regenerative Medicines
Major companies operating in the human embryonic stem cell market are focused on expanding into diverse therapeutic applications such as pluripotent stem cells for Parkinson's disease treatment, and gaining a competitive edge in the market. Pluripotent stem cells for Parkinson's disease are used to generate dopaminergic neurons, aiming to replace the lost dopamine-producing neurons and restore motor function. For instance, in October 2023, Bayer AG., a Germany-based pharmaceutical and biotechnology company, opened its first Cell Therapy Manufacturing Facility in California by investing $250 million to produce cell and gene therapies globally. This facility initially focuses on BlueRock Therapeutics' bemdaneprocel derived from pluripotent stem cells (PSC) for Parkinson's disease. The facility features fully electric manufacturing to address the industry's manufacturing capacity for regenerative medicines.
The human embryonic stem cells market covered in this report is segmented -
1) By Type: Totipotent Stem Cells, Pluripotent Stem Cells, Unipotent Stem Cells
2) By Product: Regenerative Medicine, Stem Cell Biology Research, Tissue Engineering, Toxicology Testing
3) By Application: Research, Clinical Trials, Other Applications
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Major companies operating in the human embryonic stem cells market are Thermo Fisher Scientific Inc., Takeda Pharmaceutical Company Limited, Gilead Sciences Inc., Merck KgaA, Astellas Pharma Inc., Lonza Group, PerkinElmer Inc., R&D Systems, LifeCell, Takara Bio Inc., ViaCyte Inc., PromoCell GmbH, CellGenix GmbH, PeproTech Inc., Lineage Cell Therapeutics Inc., BioTime, Asterias Biotherapeutics Inc., ESI BIO, STEMCELL Technologies Inc., TATAA Biocenter, Celgene Corporation
Contents of the report:
1. Executive Summary
2. Human Embryonic Stem Cells Market Report Structure
3. Human Embryonic Stem Cells Market Trends And Strategies
4. Human Embryonic Stem Cells Market - Macro Economic Scenario
5. Human Embryonic Stem Cells Market Size And Growth
…..
27. Human Embryonic Stem Cells Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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