Stem Cell Therapy Market Trends and Forecast by 2031
The stem cell therapy market size is projected to reach US$ 8.9 billion by 2031 from US$ 3.5 billion in 2023. The market is expected to register a CAGR of 8.7% during 2023–2031. Research activities and product innovations are likely to remain key trends in the market.
Stem Cell Therapy Market Analysis
Research activities and product innovations are likely to remain key trends in the market. A report by EuroGCT reveals that blood stem cell transplant proves effective to treat blood cancer types such as leukaemia, lymphoma, and myeloma; myelodysplastic syndrome; and myeloproliferative disorders. Additionally, blood stem cell transplants clinically proven to treat Severe Combined Immunodeficiency (SCID) by replacing faulty immune cells with healthy donor cells. Therefore, research activities and product innovation is an influential factor responsible to account considerable market growth during 2021-2031.
Stem Cell Therapy Market Overview
Increasing funding or investment will enhance stem cell research. In 2023, the Hong Kong-based Lee Shau Kee Foundation to the University's Institute for Regeneration and Repair (IRR) received US$ 10.82 million to boost the University's stem cell research and tissue engineering. The fund will support the international collaboration program in stem cell biology that will help the IRR work to address diseases such as chronic organ dysfunction, trauma, and congenital and genetic conditions. Therefore, rising funding or investment will accelerate demand for stem cell therapy in the coming decade.
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Stem Cell Therapy Market: Strategic Insights
Stem Cell Therapy Market
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![](https://www.theinsightpartners.com/assets/images/rd_int_img/cagr.png)
CAGR (2023 - 2031)
8.7%
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Market Size 2023
US$ 3.5 Billion
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Market Size 2031
US$ 8.9 Billion
Market Dynamics
GROWTH DRIVERS
- Increasing Research Activities Related to Stem Cell Therapy for Effective Disease Management to Favor the Market Growth
- Increasing Funding in Cancer Management To Enhance the Stem Cell Research Will Drive the Market Growth
FUTURE TRENDS
- Research activities and product innovations are likely to remain key trends in the market.
OPPORTUNITIES
- Use of Induced Pluripotent Stem Cells in Regenerative Medicines to Provide Lucrative Market Opportunity
Key Players
- MEDIPOST
- RichSource
- BioTime, Inc
- Mesoblast Limited
- Holostem Terapie Avanzate Srl
- US Stem Cell, Inc.
- TiGenix NV
- AlloSource
- NuVasive Inc
- JCR Pharmaceuticals Co., Ltd.
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Adult Stem Cell Therapy
- Embryonic Stem Cell Therapy
- Induced Pluripotent Stem Cell Therapy
- Other Stem Cell Therapy
Treatment
- Allogeneic
- Autologous
Application
- Musculoskeletal
- Dermatology
- Cardiology
- Drug Discovery and Development
- Other Applications
End User
- Hospitals & Specialty Clinics
- Academic & Research Institutes
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Stem Cell Therapy Market: Strategic Insights
-
CAGR (2023 - 2031)8.7% -
Market Size 2023
US$ 3.5 Billion -
Market Size 2031
US$ 8.9 Billion
![](https://www.theinsightpartners.com/assets/images/rd_int_img/tip-logo.jpg)
Market Dynamics
- Increasing Research Activities Related to Stem Cell Therapy for Effective Disease Management to Favor the Market Growth
- Increasing Funding in Cancer Management To Enhance the Stem Cell Research Will Drive the Market Growth
- Research activities and product innovations are likely to remain key trends in the market.
- Use of Induced Pluripotent Stem Cells in Regenerative Medicines to Provide Lucrative Market Opportunity
Key Players
- MEDIPOST
- RichSource
- BioTime, Inc
- Mesoblast Limited
- Holostem Terapie Avanzate Srl
- US Stem Cell, Inc.
- TiGenix NV
- AlloSource
- NuVasive Inc
- JCR Pharmaceuticals Co., Ltd.
Regional Overview
![](https://www.theinsightpartners.com/assets/images/rd_int_img/ig-regional.png)
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_danger.png)
- Adult Stem Cell Therapy
- Embryonic Stem Cell Therapy
- Induced Pluripotent Stem Cell Therapy
- Other Stem Cell Therapy
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_warning.png)
- Allogeneic
- Autologous
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_primary.png)
- Musculoskeletal
- Dermatology
- Cardiology
- Drug Discovery and Development
- Other Applications
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_warning.png)
- Hospitals & Specialty Clinics
- Academic & Research Institutes
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Stem Cell Therapy Market Drivers and Opportunities
Increasing Research Activities Related to Stem Cell Therapy for Effective Disease Management to Favor Market
Stem cell therapy has been widely investigated globally as stem cells are mainly used to replace dying cells and reconstruct damaged tissues. Based on the clinical results by the scientists conducted targeting stem cell, claims that these cells could probably be utilized to generate specific treatments for several diseases such as cancer and cardiovascular disease. Additionally, developed stem cell therapies involve replacing disease-causing cells with stem cells. Researchers are further investigating the use of stem cell therapy to treat autoimmune disorders. Therefore, increasing research activities related to stem cell therapy for effective disease management is one of the major drivers for global stem cell therapy market share.
Use of Induced Pluripotent Stem Cells in Regenerative Medicines Provide Lucrative Market Opportunity
According to the Frontiers Media S.A. 2023 report, progress in the field of induced pluripotent stem cells (iPSCs) has opened new channel for research in therapeutics. iPSCs are mainly intended for research and clinical studies for disease modelling, regenerative medicine, and drug discovery/drug cytotoxicity studies. For example, iPSCs can be used to convert differentiated somatic cells to multipotent stem cells to generate different cell types of adult tissues. Therefore, iPSCs have shown promising results in regenerative medicine, particularly for replacing diseased or injured cells. Therefore, studies such as drug discovery involving screening of small molecules and toxicity testing for safety assessment have been successfully disclosed positive iPSCs-based results is likely to create lucrative opportunities for the stem cell therapy market players in the coming years.
Stem Cell Therapy Market Report Segmentation Analysis
Key segments that contributed to the derivation of the stem cell therapy market analysis are type, treatment, application, and end user.
- Based on type, the stem cell therapy market is segmented as adult stem cell therapy, embryonic stem cell therapy, induced pluripotent stem cell therapy, and other stem cell therapy. The adult stem cell therapy segment held a larger market share in 2023.
- By treatment, the market is bifurcated into allogeneic and autologous. The allogeneic segment held the largest share of the market in 2023.
- By application, the market is segmented into musculoskeletal, dermatology, cardiology, drug discovery and development, and other applications. The drug discovery and development segment held the largest share of the market in 2023.
- By end user, the market is segmented into hospitals & specialty clinics and academic & research institutes. The academic & research institutes segment held the largest share of the market in 2023.
Stem Cell Therapy Market Share Analysis by Geography
The geographic scope of the Stem Cell Therapy market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the market. In North America region, the US accounts largest share for stem cell therapy market. Presence of top manufacturers in the region and high research and development (R&D) activities are the factors contributing to the dominance of the market. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
Stem Cell Therapy Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 3.5 Billion |
Market Size by 2031 | US$ 8.9 Billion |
Global CAGR (2023 - 2031) | 8.7% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Stem Cell Therapy Market News and Recent Developments
The Stem Cell Therapy market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the stem cell therapy market are listed below:
- Allogene Therapeutics, Inc. announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation to “ALLO-605”. The newly granted product is the company’s next-generation AlloCAR T therapy for the treatment of relapsed or refractory multiple myeloma. The FDA granted Fast Track designation based on the potential of ALLO-605 to address the unmet need for patients who have failed other standard multiple myeloma therapies. (Source: Allogene Therapeutics, Inc., Company Website, June 2021)
Stem Cell Therapy Market Report Coverage and Deliverables
The “Stem Cell Therapy Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Stem cell therapy market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Stem cell therapy market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Stem cell therapy market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Stem Cell Therapy market
- Detailed company profiles
![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
Type, Treatment, Application, and End User
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America region dominated the stem cell therapy market in 2023.
Increasing research activities related to stem cell therapy for effective disease management to favor market is one of the most influential factors responsible for market growth.
Research activities and product innovation is likely to remain as a key trend for stem cell therapy market.
MEDIPOST, RichSource, BioTime, Inc., Mesoblast Limited, Holostem Terapie Avanzate Srl, US Stem Cell, Inc., TiGenix NV, AlloSource, NuVasive Inc, JCR Pharmaceuticals Co., Ltd. are the key players in the stem cell therapy market.
The estimated value of stem cell therapy market accounted US$ 8.9 billion in 2031.
The CAGR for stem cell therapy accounted 8.7% during 2023-2031.