[250 Pages Report] The market for stem cell therapy market is expected to grow at a 16.7% CAGR to USD 401 million by 2026, up from USD 187 million in 2021.
Stem cells are undifferentiated biological cells, and having remarkable potential to divide into any kind of other cells. When a stem cell divides, each new cell will be a new stem cell or it will be like another cell which is having specific function such as a muscle cell, a red blood cell, brain cell and some other cells.
There are two types of stem cells
- Embryonic cells
- Adult stem or Somatic cells
Stem cells harvested from umbilical cord blood just after birth. And this cells can be stored in specific conditions. Stem cells also can be harvest from bone marrow, adipose tissue.
Embryonic cells can differentiate into ectoderm, endoderm and mesoderm in developing stage. Stem cells used in the therapies and surgeries for regeneration of organisms or cells, tissues.
Stem cells are used for the treatment of Gastro intestine diseases, Metabolic diseases, Immune system diseases, Central Nervous System diseases, Cardiovascular diseases, Wounds and injuries, Eye diseases, Musculoskeletal disorders.
Harvesting of Adult cell is somewhat difficult compare to embryonic cells. Because Adult cells available in the own body and it is somewhat difficult to harvest.
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Stem Cell Therapies Market: Drivers and Restraints
Technology advancements in healthcare now curing life threatening diseases and giving promising results. Stem Cell Therapies having so many advantages like regenerating the other cells and body organisms. This is the main driver for this market. These therapies are useful in many life threatening treatments. Increasing the prevalence rate of diseases are driven the Stem Cell Therapies market, it is also driven by increasing technology advancements in healthcare. Technological advancements in healthcare now saving the population from life threatening complications.
Increasing funding from government, private organizations and increasing the Companies focus on Stem cell therapies are also driven this market
However, Collecting the Embryonic Stem cells are easy but Collecting Adult Stem cell or Somatic Stem cells are difficult and also we have to take more precautions for storing the collected stem cells.
Stem Cell Therapies Market: Segmentation
Stem Cell Therapies are segmented into following types
Based on treatment:
Allogeneic stem cell therapy
Autologous stem cell therapy
Based on application:
Gastro intestine diseases
Metabolic diseases
Immune system diseases
Central Nervous System diseases
Cardiovascular diseases
Wounds and injuries
Eye diseases
Musculoskeletal disorders
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Based on End User:
Hospitals
Ambulatory Surgical centers
Stem Cell Therapies Market: Overview
With rapid technological advantage in healthcare and its promising results, the use of Stem Cell Therapies will increase and the market is expected to have a double digit growth in the forecast period (2015-2025).
Stem Cell Therapies Market: Region- wise Outlook
Depending on geographic regions, the global Stem Cell Therapies market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa.
The use of Stem Cell Therapies is high in North America because it is highly developed region, having good technological advancements in healthcare setup and people are having good awareness about health care. In Asia pacific region china and India also having rapid growth in health care set up. Europe also having good growth in this market.
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Stem Cell Therapies Market: Key Players
Some of the key players in this market are
- Mesoblast Ltd.,
- Roslin Cells,
- Regeneus Ltd,
- ReNeuron Group plc,
- International Stem Cell Corporation.
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