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Government Funding In Regenerative Medicine Is Propelling Growth Of Human Embryonic Stem Cells Market : Powering Innovation and Expansion in the Human Embryonic Stem Cells Market by 2025
Human Embryonic Stem Cells
What Is the Expected CAGR for the Human Embryonic Stem Cells Market Through 2025?
The market for human embryonic stem cells has experienced swift expansion in the recent past. The market size is predicted to increase from $1.24 billion in 2024 to $1.37 billion in 2025, boasting a compound annual growth rate (CAGR) of 10.5%. Factors contributing to the growth during this historic period include financial support and investments, regulatory approval, public consciousness, the introduction of regenerative medicine, and extended clinical applications.
What's the Projected Size of the Global Human Embryonic Stem Cells Market by 2029?
The growth of the human embryonic stem cells market is forecasted to accelerate briskly in the upcoming years, reaching a valuation of $2.02 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.1%. Factors driving this growth during the predicted period include a boost in the number of cell therapy manufacturing facilities, a heightened demand for restorative therapies, a surge in occurrences of heart diseases and cancers, progress in stem cell biology studies, and increased awareness about the therapeutic potential of stem cells. Key trends to look out for in the future include development in regenerative medicine, a heightened emphasis on individualized medicine, expanding uses in drug discovery and toxicology, technological advancements, and growth in biobanking.
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Top Growth Drivers in the Human Embryonic Stem Cells Industry: What's Accelerating the Market?
The surge in the human embryonic stem cells market is likely influenced by increased government funding geared towards the expansion of regenerative medicine. As a healthcare sector concentrated on the repair, replacement, or regeneration of damaged tissues or organs to reinstate normal bodily functions, regenerative medicine is seeing escalating support from the government. This support stems from the higher incidence of chronic diseases, the progress in stem cell research, and the potential for new treatments that could enhance patient results. Human embryonic stem cells, integral to regenerative medicine, offer the potential to devise therapies that can repair or replace impaired tissues and organs in the body. For example, in May 2022, the Canadian Government allocated a three-year funding of $45 million, beginning from 2022-23, to the stem cell network as part of the Budget 2021 distribution, intensifying stem cell and regenerative medicine research. As a result, this substantial government commitment to the expansion of regenerative medicine is catalyzing the human embryonic stem cells market's growth.
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What Trends Will Shape the Human Embryonic Stem Cells Market Through 2029 and Beyond?
Leading firms in the human embryonic stem cell industry have shifted their focus on diversifying therapeutic applications, like the use of pluripotent stem cells for treating Parkinson's disease, in their bid to establish a competitive advantage. The pluripotent stem cells in the treatment of Parkinson's disease work by creating dopaminergic neurons with the target of replacing the dopamine-producing neurons that have been lost and hence restore motor function. For instance, Bayer AG, a pharmaceutical and biotechnology firm based in Germany, in October 2023, initiated its first Cell Therapy Manufacturing Facility in California. It invested $250 million with the aim to manufacture cell and gene therapies on a global scale. The primary focus is on producing BlueRock Therapeutics' bemdaneprocel, which is derived from pluripotent stem cells (PSC) for treating Parkinson's disease. The facility is fully equipped with electrical manufacturing to tackle the industry's manufacturing capacity for regenerative medicines.
What Are the Main Segments in the Human Embryonic Stem Cells Market?
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
Subsegments:
1) By Totipotent Stem Cells: Embryonic Totipotent Stem Cells, Induced Totipotent Stem Cells
2) By Pluripotent Stem Cells: Human Embryonic Stem Cells (hESCs), Induced Pluripotent Stem Cells (iPSCs), Embryonic Stem Cell Lines, Conditioned Pluripotent Stem Cells
3) By Unipotent Stem Cells: Somatic Stem Cells, Adult Stem Cells, Tissue-Specific Stem Cells
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Which Top Companies are Driving Growth in the Human Embryonic Stem Cells Market?
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
Which Regions Will Dominate the Human Embryonic Stem Cells Market Through 2029?
North America was the largest region in the human embryonic stem cells market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the human embryonic stem cells market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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