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Geriatric Population Drives The Stem Cell Manufacturing Market: Powering Innovation and Expansion in the Stem Cell Manufacturing Market by 2025
Stem Cell Manufacturing Market
What Is the Expected CAGR for the Stem Cell Manufacturing Market Through 2025?
The stem cell manufacturing market size has grown strongly in recent years. It will grow from $17.5 billion in 2024 to $19.22 billion in 2025 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to advancements in biotechnology, research and development initiatives, clinical trials and therapeutic applications, regulatory framework establishment, investment in infrastructure.
What's the Projected Size of the Global Stem Cell Manufacturing Market by 2029?
The stem cell manufacturing market size is expected to see rapid growth in the next few years. It will grow to $30.27 billion in 2029 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to increased funding and investments, growing therapeutic applications, emergence of cell-based therapies, rise in clinical trials and approvals, customized and patient-specific therapies. Major trends in the forecast period include focus on 3d bioprinting, expansion in induced pluripotent stem cells (ipscs), automation and robotics integration, standardization and scalability, bioreactor technology advancements.
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Top Growth Drivers in the Stem Cell Manufacturing Industry: What's Accelerating the Market?
The rise in geriatric population is expected to propel the stem cell manufacturing market. The geriatric population refers to older adults who are 65 years old and beyond. The geriatric population suffers from various diseases due to low immunity and age. Aging increases the risk of chronic diseases and stem cell manufacturing will help in fighting against these diseases. For instance, in January 2024, according to the Population Reference Bureau, a Kenya-based Nonprofit organization, the population of Americans aged 65 and older is expected to grow from 58 million in 2022 to 82 million by 2050, a 47% increase. This age group's share of the overall population is also projected to rise from 17% to 23% during the same period. Thus, the rising geriatric population is driving the growth of the stem cell manufacturing market.
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What Trends Will Shape the Stem Cell Manufacturing Market Through 2029 and Beyond?
Technological advancement is a key trend in the stem cell manufacturing market. Various stakeholders in the market are focusing on leveraging advanced technologies to sustain in the market. For instance, in August 2022, Bluebird Bio Inc., a US-based biotechnology company announced U.S. Food and Drug Administration (FDA) approval for ZYNTEGLO. It represents a revolutionary one-time gene therapy now approved for the treatment of beta-thalassemia in patients who need regular red blood cell transfusions. A key aspect of this therapy is its ex-vivo method, where a modified beta-globin gene is integrated into the patient's own hematopoietic stem cells, enabling them to produce normal levels of hemoglobin. This cutting-edge treatment aims to achieve transfusion independence, significantly alleviating the treatment burden faced by those with beta-thalassemia. The approval of ZYNTEGLO signifies a major milestone in the field of gene therapy, potentially offering a cure and enhancing the quality of life for those affected.
What Are the Main Segments in the Stem Cell Manufacturing Market?
The stem cell manufacturing market covered in this report is segmented -
1) By Product: Consumables, Instruments, Stem Cell Lines
2) By Application: Research Applications, Clinical Application, Cell And Tissue Banking Applications
3) By End User: Pharmaceutical And Biotechnology Companies, Academic Institutes, Research Laboratories And Contract Research Organizations, Hospitals And Surgical Centers, Cell And Tissue Banks, Other End Users
Subsegments:
1) By Consumables: Media And Reagents, Cell Culture Vessels, Assay Kits
2) By Instruments: Bioreactors, Cell Counters, Flow Cytometers
3) By Stem Cell Lines: Embryonic Stem Cell Lines, Adult Stem Cell Lines, Induced Pluripotent Stem Cell Lines (iPSCs)
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Which Top Companies are Driving Growth in the Stem Cell Manufacturing Market?
Major companies operating in the stem cell manufacturing market include Thermo Fisher Scientific Inc., Merck Millipore, Stemcell Technologies, Fujifilm Holdings Corporation, Takara Bio Group, Lonza Group AG, Sartorius AG, Bio-Rad Laboratories, Becton Dickinson and Company, Bio-Techne Corporation, Miltenyi Biotec, Terumo BCT Inc., Corning Inc., Eppendorf AG, ViaCyte Inc., Merck KGaA, Danaher Corporation, Vericel Corporation, American Cryostem Corporation, Cellgenix GMBH, Aspen Neuroscience Inc., Magenta Therapeutics Inc, Pluristem Therapeutics Inc., Takeda Pharmaceutical Company Limited, AbbVie Inc., 3D Biomatrix Inc., Worthington Biochemical Corporation, Bico Group
Which Regions Will Dominate the Stem Cell Manufacturing Market Through 2029?
North America was the largest region in the stem cell manufacturing market in 2024. Europe was the second-largest region in the stem cell manufacturing market. The regions covered in the stem cell manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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