As per our report, the size of the global stem cell market is estimated to worth USD 14,380 Million in 2020. This value is forecasted to grow USD 25,820 Million by the end of 2024 with a CAGR of 12.42% during the forecast period. The market to increase because of the extensive research and development, which is gaining significant importance.
In multicellular organisms, stem cells have a unique ability to regenerate into a specific cell to form different tissues in the body. These cells can work as a replacement in place of damaged tissue cells and have full applications in healthcare. It has been accepted throughout the world.
Regenerative medicine is possibly the most important use of stem cells, and other essential areas comprise cardiology, neurology, orthopedics, hematology, and oncology. Another widely used application is drug discovery and growth. Stem cells are a research tool because in vitro study would allow scientists to deeply understand the role of various organs and the development of particular diseases. Stem cell therapy has shown significant potential to treat cancer successfully.
MARKET DRIVERS:
The rising adoption of stem cells in cancer treatment is the primary factor driving global stem cell market growth.
According to WHO, cancer is the second leading cause of death globally; it is estimated that around 9.6 million deaths in 2018. The research will treat cancer using stem cells, which is to fuel the demand of the market. For Instance, somatic stem cell therapy or bone marrow transplant is a procedure used for the treatment of leukemia (blood cancer) as bone marrow has many stem cells.
Growing research activities using stem cells to develop new therapies to expand treatment options for various diseases and increase the adoption of these cells to replace the damaged tissue cells propels the global stem cell market growth. For Instance, the umbilical cord is to be discarded as a by-product of the birth process, but it was found that the blood in the umbilical cord is stem cell-rich and can be used to treat different 80 diseases in the human body.
New stem cell banks are coming up to fulfill the increasing demand for stem cell storage. Thus the entry of new players is anticipated to boost up the need of the market. Different cell lines are used to develop a vaccine against infection. The increasing awareness about the use of stem cells is propelling the market growth.
MARKET RESTRAINTS:
The most significant restraints of the stem cell market are the cost required for the storage and maintenance of the stem cell is comparatively more. The research needs a lot of funding, and a small error in the research can cost a lot. It required a skilled workforce which is very hard to get in this competitive market. Additionally, the controversy regarding the ethics in the research and the complexities related to the stem cell procedure affect the market growth.
Europe is known for its exceptional research quality and strength of product pipelines. Japan was one of the pioneers in the field of iPS research. HEALIOS K.K., a Japanese-based pharmaceutical company, is one of the first companies to test iPS treatment in the country. The company plans to market its product by 2022. Such initiatives are boosting the Jarevenue generation in the region.
The improved quality of differentiated cells due to efficient manufacturing due to the collaborations is likely to expand growth opportunities for the stem cell market. The market to receive growth opportunities by integrating different fields like materials, devices, chemical compounds, and biologics during the forecast period.
Impact of COVID-19 on the global stem cell market:
The novel coronavirus (COVID 19) has appeared at the start of 2020 with quick spread worldwide. The COVID 19 cases are rising rapidly, affecting millions of people and business sectors, including the healthcare field. The pandemic has been challenging for centers undertaking autologous hematopoietic stem cell transplants (HSCT). The primary threat in HSCT is infection exposure. The clinical reviews contemplated how the delivery of HSCT services should be governed for patients and donors amid the pandemic crisis and how to reduce COVID 19 at all the stages of stem cell transplants. In the present status of the COVID 19 pandemic spreading across the globe, stem cell transplant specialists need to schedule a thorny path further with sudden challenges. Medical professionals are trying to avoid transplant recipients and their respective donors in stem cell transplant programs worldwide. So that they hematopoietic stem cell transplant need to be conducted in an easy and risk-free manner.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2019 to 2025 |
|
Base Year |
2019 |
|
Forecast Period |
2020 to 2025 |
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Segments Analysed |
By Treatment Mode, Cell Type, Technology Segment, and Region |
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Various analyses covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Analysed |
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa |
This research report on the global stem cell market has been segmented and sub-segmented based on treatment mode, cell type, technology segment, and region.
Stem Cell Market - By Treatment Mode:
Based on treatment mode, allogeneic therapy is estimated to cover most of the market share during the forecast period. The allogeneic cell can produce its immune cell, which inhibits the growth of the cancer cell. It is used to stop the reoccurrence of cancer.
Besides, autologous stem cell therapy is also predicted to see promising growth in the coming years. It is used for the treatment of people to treat damaged bone marrow.
Stem Cell Market - By Cell Type:
Based on the cell type, the segment is dominated by the adult stem cell segment as they are used to treat cancer. The induced pluripotent stem has the second largest market share; it is used in research to discover premature aging, congenital heart disease, and cancer. Regenerative medicine is also a growing segment for the treatment of Alzheimer's and Parkinson. The human embryonic stem cell segment is also growing as the number of cord cell preservation is increasing.
Stem Cell Market - By Technology:
Based on technology, the cell acquisition segment has acquired the largest market share in the recent past. The cell acquisition technique is used to extract bone marrow stem cells and to replace bone marrow.
Stem Cell Market - By Region:
Geographically, the North American stem cell market is currently dominating the global stem cell market. This region maintains the trend due to increasing awareness about the therapeutic potential of stem cells, increasing funds for research, and improving in several clinical trials for stem-cell-based products.
However, the Asia-Pacific stem cell therapy market grew the fastest in this forecast period, mainly because of better regulatory support by encouraging government policies and increasing awareness among the public. APAC Stem Cell Market to have decent growth opportunities with the rising incidences of infection. Also, the development of vaccines using various human diploid and non-tumorigenic cell lines is to escalate the market demand. Ongoing research and developing different disease vaccines are some of the factors expected to drive market growth during the forecast period.
KEY MARKET PARTICIPANTS:
Some of the notable companies leading the global stem cell market profiled in this report are Athersys, StemCells, Inc., Cryo Cell International, Geron Corporation, Mesoblast Ltd., Aastrom Biosciences, Inc., Celgene Corporation, Invitrogen, and Cytori Therapeutics Inc.
RECENT MARKET DEVELOPMENTS:
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By mode of treatment
5.1.1 Autologous
5.1.2 Allogeneic
5.2 By application
5.2.1 CNS
5.2.2 CVS
5.2.3 GIT
5.2.4 Regenerative Medicine
5.2.5 Musculoskeletal
5.2.6 Eye & Immune System Development
5.2.7 Blood Disorders
5.3 By technology
5.3.1 Cell Acquisition
5.3.2 Cell Production
5.3.3 Cryopreservation
5.3.4 Expansion
5.3.5 Sub-Culture
5.4 By type
5.4.1 Adult Stem Cells
5.4.2 Human Embryonic Cells
5.4.3 Pluripotent Stem Cell
5.4.4 Natural Rosette Cells
6. Geographical Analysis
6.1 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.2 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.3 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 South Korea
6.3.6 Australia
6.4 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.5 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Athersys
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 StemCells
8.3 Cryo Cell International
8.4 Geron Corporation
8.5 Mesoblast
8.6 Aastrom Biosciences
8.7 Celgene Corporation
8.8 Invitrogen
8.9 Cytori Therapeutics
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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