Publication Month: Feb 2023 | Report Code: TIPHE100000991 | No. of Pages: 206 | Category: Biotechnology | Status: Published
Stem cells are preliminary body cells from which all other cells with specialized functions are generated. Under a controlled environment in the body or a clinical laboratory, these cells divide to form more cells, called daughter cells. With the advent of modern health science, these cells have been demonstrated to play a major role in understanding the occurrence of diseases, the generation of advanced regenerative medicines, and the discovery of other drugs. Stem cells are formed in embryos, bone marrow, body fats, and umbilical cord blood, among others.
|Market Size Value in||US$ 2,278.49 million in 2022|
|Market Size Value by||US$ 6,206.89 million by 2028|
|Growth rate||CAGR of 18.2% from 2022 to 2028|
|No. of Pages||206|
|No. of Tables||138|
|No. of Charts & Figures||81|
|Historical data available||Yes|
|Segments covered||Type, Treatment, Application, and End User|
|Free Sample Copy Available|
The key market players are taking up various organic and inorganic strategies, including mergers and acquisitions, expansions, and new product launches, to stay competitive in the market.
Thus, many organic and inorganic strategies in the stem cell therapy market enable healthcare professionals to provide improved services.
Get more information on this report :Stem cell therapy has been widely investigated across the world. Stem cells are mainly used to replace dying cells and reconstruct damaged tissues. Based on the results of extensive stem cell research conducted so far, many scientists have claimed that these cells could probably be utilized to generate cures and treatments for diseases such as cancer and cardiovascular disease. Newly developed stem cell therapies involve replacing disease-causing cells with stem cells. Many potential treatments involving stem cells are in different phases of clinical trials. The FDA has also approved a few stem cell therapies involved in treating complications related to stem cell transplants. In September 2021, the US Food and Drug Administration (FDA) announced approval for "Ruxolitinib" for treating "graft-versus-host-disease" (GVHD) in patients aged 12 and above. Ruxolitinib provides a patient new hope that suffers from fatal complications associated with stem cell transplants.
Researchers are further investigating the use of stem cell therapy in treating autoimmune disorders. For example, stem cells can turn into the cells of damaged organs and are used in treating autoimmune diseases. Treatment is carried out using mesenchymal stem cells or fetal stem cells. Hematopoietic stem cells are currently used for treating more than 80 medical conditions, including immune system diseases; blood disorders; neurological disorders; metabolic disorders; genetic disorders; and cancer types such as leukemia and lymphoma.
Based on type, the stem cell therapy market is segmented into adult stem cell therapy, induced pluripotent stem cell therapy, embryonic stem cell therapy, and other stem cell therapy. The adult stem cell therapy segment held the largest market share in 2021. However, the induced pluripotent stem cell therapy segment is anticipated to register the highest CAGR during the forecast period (2022–2028).
Based on treatment, the global stem cell therapy market is bifurcated into allogeneic and autologous. The allogenic segment held the larger stem cell therapy market share in 2021. Moreover, the autologous segment is expected to grow at the highest CAGR during the forecast period.
In terms of application, the stem cell therapy market is divided into musculoskeletal, dermatology, cardiology, drug discovery and development, and other applications. The drug discovery and development segment held the largest market share in 2021, and it is expected to register the highest CAGR during the forecast period.
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Based on end user, the stem cell therapy market is bifurcated into academic & research institutes and hospitals & clinics. The academic & research institutes segment held a larger market share in 2021, and the same segment is expected to register a higher CAGR in the market during the forecast period (2022–2028).
Companies in the stem cell therapy market majorly adopt inorganic strategies such as mergers and acquisitions. A few of the recent key developments in the market are listed below.