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Global Stem Cell Therapy Market Growing at 8% CAGR by 2028

Date: February 09, 2023 Sachin Pashte Sachin Pashte
Global Stem Cell Therapy Market Growing at 8% CAGR by 2028

Latest citations of the research report titled ‘Global Stem Cell Therapy Market’ available with MarketStudyReport, claims that global stem cell therapy market is anticipated to record a sustainable CAGR of 8% during 2022-2028, and subsequently accrue a decent valuation by the end of the forecast period.

Rise in the prevalence of rare genetic disorders such as cystic fibrosis, phenylketonuria, and thalassemia coupled with significant advancements in stem cell therapies are the key factors accelerating global stem cell therapy market revenue during 2022-2028.

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In addition, booming government initiatives focused on funding regenerative medicine research, increasing demand for precision medicine, and rise in the number of clinical trials are bound to expand the profitability curve of the market in the forthcoming years.

For instance, WHO recently issued a statement claiming that chronic diseases cause nearly 41 million deaths every year, accounting for 71% of mortalities across the globe.

Moving on to segmentation, based on product type, the adult stem cell segment dominated the overall market revenue in 2021 and is slated to accrue a substantial remuneration during 2022-2028, owing to rapid penetration of cell banking services along with notable advancements in bio-preservation and cryopreservation.  

In terms of therapy type, the allogeneic stem cell therapy of worldwide stem cell therapy market is estimated to hold a majority share in the market during the analysis timeframe.

Considering technology, the cell acquisition segment is slated to progress at a robust pace during the study period ascribed to the discovery of embryonic stem cells which have given rise to a number of novel treatment procedures.

From a regional frame of reference, North America is anticipated to contribute substantially to overall market revenue during the analysis timeframe, attributable to the prevalence of promising players, extensive research and development initiatives, a sturdy biotechnology infrastructure, and growing inclination toward personalized medicines.

Meanwhile, Asia Pacific industry is anticipated to maintain its dominance throughout the forecast timeframe, attributable to a booming patient population, rise in incidences of chronic diseases such as cancer, diabetes, and other neurological diseases, in addition to a strong product-pipeline based on cell therapies.

Notably the competitive hierarchy of global stem cell therapy industry is majorly defined by players such as NOVADIP Biosciences S.A., Astellas Pharma Inc., ThermoGenesis Holdings Inc., Stemcell Technologies Inc., Pluristem Therapeutics Inc., Opexa Therapeutics Inc., Mesoblast Ltd., BioTime Inc., ReNeuron Group plc, and Bristol Myers Squibb Company.

Questions and Answers: - Global Stem Cell Therapy Market

Question 1. What are the major factors driving global stem cell therapy market trends?

Answer 1. Rise in the prevalence of rare genetic disorders such as cystic fibrosis, phenylketonuria, and thalassemia coupled with significant advancements in stem cell therapies are the major factors driving global stem cell therapy market trends.

Question 2. How is Asia Pacific contributing to global stem cell therapy market revenue?

Answer 2. Booming patient population, rise in incidences of chronic diseases such as cancer, diabetes, and other neurological diseases, in addition to a strong product pipeline based on cell therapies, are impelling the demand for stem cell therapies in Asia Pacific, thus contributing to overall market revenue.

Question 3. Which are the key players influencing global stem cell therapy market dynamics?

Answer 3. NOVADIP Biosciences S.A., Astellas Pharma Inc., ThermoGenesis Holdings Inc., STEMCELL Technologies Inc., Pluristem Therapeutics Inc., Opexa Therapeutics Inc., Mesoblast Ltd., BioTime Inc., ReNeuron Group plc, and Bristol Myers Squibb Company are the key players influencing global stem cell therapy market dynamics.

For more details on this report: https://www.marketstudyreport.com/reports/global-stem-cell-therapy-market-investment-growth-opportunity-analysis-2019-2028/

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