Press release
Sales of Stem Cells Market will grow up tp US$119.5 bn; with increasing prevalence of neurodegenerative disorders
A stem cell is an undifferentiated biological cell, which is capable of breaking into an indefinite number of cells of the same type through mitosis. Multicellular organisms, such as humans and animals, are made up of these cells. The rising awareness about the therapeutic benefits of stem cells in the treatment of various diseases is boosting their popularity across the world. The technical advancement in stem cell therapies is expected to propel this market during the forecast period.
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On the other hand, strict government regulations regarding the harvesting of stem cells and the high cost associated with the treatment are expected to hamper the growth of this market in the coming years.
While preparing this report, analysts have performed a comprehensive analysis of the global stem cells market on the basis of product, technology, application, and region. On the regional basis, the worldwide market for stem cells has been categorized into Asia, Europe, North America, and the Rest of the World.
North America led the overall market in 2011 with a majority share and was followed by Europe, which held a share of 25% in the global market. The high prevalence of neurological and cardiovascular disorders in North America has boosted the stem cells market in this region over the past few years, states the report.
The study further notes that analysts expect Asia to report a double-digit rise in the global market for stem cells during the forecast period. The rapid growth in medical tourism and the significant increase in the market for contract research outsourcing in this region are likely to propel the stem cells market in Asia.
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Product-wise, the market has been grouped into human embryonic stem cells, adult stem cells, rat neural stem cells, induced pluripotent stem cells, and very small embryonic-like stem cells. The adult stem cells segment leads the global market. The easy procedure of harvesting adult stem cell and the high rate of acceptance of these cells by the human body are the key factors driving this market segment.
Based on application, the report has classified the market into regenerative medicine and drug discovery and development. The demand for stem cells is higher in the regenerative medicine segment than the drug discovery and development segment. Hematology, cardiovascular and myocardial infarction, orthopedics, neurology, liver disorders, oncology, diabetes, and incontinence, and various types of injuries are the major sub-segments of the regenerative medicine segment.
By technology, the market has been segmented into stem cell acquisition, stem cell production, stem cell cryopreservation, and stem cell expansion and sub-culture. The stem cell acquisition segment is recording the fastest growth among all the technology segments, states the report.
Some of the key enterprises operating in the global stem cells market, namely, Stemcell Technologies Inc., Biotime Inc., Osiris Therapeutics, Cytori Therapeutics Inc., Cellular Engineering Technologies, Cellartis AB, Celgene Corp. Inc., California Stem Cell Inc., Brainstorm Cell Therapeutics, Bioheart, Angel Biotechnology, and Advanced Cell Technology have been profiled in this study.
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The global stem cells market is segmented into:
By Product
Adult Stem Cells
Hematopoietic Stem Cells
Mesenchymal Stem Cells
Neuronal Stem Cells
Dental Stem Cells
Umbilical Cord Stem Cells
Human Embryonic Stem Cells
Induced Pluripotent Stem Cells
Rat Neural Stem Cells
Very Small Embryonic-Like Stem Cells
By Technology
Stem Cell Acquisition
Bone Marrow Harvest for Stem Cells
Apheresis for Stem Cells
Umbilical Cord Blood
Stem Cell Production
Therapeutic Cloning for Stem Cells
Stem Cells Production By In Vitro Fertilization
Stem Cell Isolation
Stem Cell Culture
Stem Cell Cryopreservation
Stem Cells Expansion and Sub-Culture
By Application
Drug Discovery and Development
Regenerative Medicine
Neurology
Orthopedics
Oncology
Hematology
Cardiovascular and Myocardial Infarction
Injuries
Wound Care
Spinal Cord Injuries
Others (Joint Injuries, Eye Injuries, Lacerations and Concussions)
Diabetes
Liver Disorders
Incontinence
Others (Crohn’s Disease, Infertility, Immunodeficiency Disorder, Organ Transplants, Ophthalmic Disorder)
By Region
North America
Asia Pacific
Europe
Rest of the World
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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